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1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934 NAME OF ISSUER Landec Corporation TITLE OF CLASS OF SECURITIES Common Stock CUSIP NUMBER 514766104 The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). 2 13G CUSIP No. 514766104 Page 2 of 9 - -------------------------------------------------------------------------------- 1. Name of reporting person S.S. or I.R.S. identification no. of above person Raychem Ventures, Inc. - -------------------------------------------------------------------------------- 2. Check the appropriate box if a member of a group* (a) ( ) (b) ( ) - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. Citizenship or place of organization California - -------------------------------------------------------------------------------- 5. Sole Voting Power 587,750 -------------------------------------------------- Number of shares ) 6. Shared Voting Power Beneficially ) NONE Owned by each ) Reporting ) -------------------------------------------------- Person with: ) 7. Sole Dispositive Power 587,750 -------------------------------------------------- 8. Shared Dispositive Power NONE - -------------------------------------------------------------------------------- 9. Aggregate amount beneficially owned by each reporting person 587,750 - -------------------------------------------------------------------------------- 10. Check box if the aggregate amount in row (9) includes certain shares* Not applicable - -------------------------------------------------------------------------------- 11. Percent of class represented by amount in row 9 5.5% - -------------------------------------------------------------------------------- 12. Type of Reporting person* CO - -------------------------------------------------------------------------------- 3 13G CUSIP No. 514766104 Page 3 of 9 - -------------------------------------------------------------------------------- 1. Name of reporting person S.S. or I.R.S. identification no. of above person Raychem International Manufacturing Corporation - -------------------------------------------------------------------------------- 2. Check the appropriate box if a member of a group* (a) ( ) (b) ( ) - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. Citizenship or place of organization California - -------------------------------------------------------------------------------- 5. Sole Voting Power 36,613 -------------------------------------------------- Number of shares ) 6. Shared Voting Power Beneficially ) NONE Owned by each ) Reporting ) -------------------------------------------------- Person with: ) 7. Sole Dispositive Power 36,613 -------------------------------------------------- 8. Shared Dispositive Power NONE - -------------------------------------------------------------------------------- 9. Aggregate amount beneficially owned by each reporting person 36,613 - -------------------------------------------------------------------------------- 10. Check box if the aggregate amount in row (9) includes certain shares* Not applicable - -------------------------------------------------------------------------------- 11. Percent of class represented by amount in row 9 .3% - -------------------------------------------------------------------------------- 12. Type of Reporting person* CO - -------------------------------------------------------------------------------- 4 13G CUSIP No. 514766104 Page 4 of 9 - -------------------------------------------------------------------------------- 1. Name of reporting person S.S. or I.R.S. identification no. of above person Raychem Corporation - -------------------------------------------------------------------------------- 2. Check the appropriate box if a member of a group* (a) ( ) (b) ( ) - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. Citizenship or place of organization Delaware - -------------------------------------------------------------------------------- 5. Sole Voting Power NONE -------------------------------------------------- Number of shares ) 6. Shared Voting Power Beneficially ) 624,363 Owned by each ) Reporting ) -------------------------------------------------- Person with: ) 7. Sole Dispositive Power NONE -------------------------------------------------- 8. Shared Dispositive Power 624,363 - -------------------------------------------------------------------------------- 9. Aggregate amount beneficially owned by each reporting person 624,363 - -------------------------------------------------------------------------------- 10. Check box if the aggregate amount in row (9) includes certain shares* Not applicable - -------------------------------------------------------------------------------- 11. Percent of class represented by amount in row 9 5.8% - -------------------------------------------------------------------------------- 12. Type of Reporting person* CO - -------------------------------------------------------------------------------- 5 13G CUSIP No. 514766104 Page 5 of 9 ________________________________________________________________________________ SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 Item 1(a) Name of Issuer: Landec Corporation (NASDAQ) Item 1(b) Address of Issuer's Principal Executive Offices: 3603 Haven Avenue, Menlo Park, California 94025-1164 Item 2(a) Item 2(b) Name of Person Filing: Address or Principal Office or, if NONE, Resident: Raychem Ventures, Inc. 300 Constitution Drive Menlo Park, California 94025-1164 Raychem International Manufacturing Corporation 300 Constitution Drive Menlo Park, California 94025-1164 Raychem Corporation 300 Constitution Drive Menlo Park, California 94025-1164 Item 2(c) Citizenship: California Item 2(d) Title of Class of Securities: Common Item 2(e) Cusip Number: 514766104 6 13G CUSIP No. 514766104 Page 6 of 9 ________________________________________________________________________________ Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b), check whether the person filing is a: (a)( ) Broker or Dealer registered under Section 15 of the Act (b)( ) Bank as defined in Section 3(a)(6) of the Act (c)( ) Insurance Company as defined in Section 3(a)(19) of the Act (d)( ) Investment Company registered under Section 8 of the Investment Company Act (e)( ) Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940 (f)( ) Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 1974 or Endowment Fund; see (Section 240.13d-1(b)(1)(ii)(F) (g)( ) Parent Holding Company, in accordance with Section 240.13d-1(b) (ii)(G) (h)( ) Group, in accordance with Section 240.13d-1(b)(1)(ii)(H) 7 13G CUSIP No. 514766104 Page 7 of 9 ________________________________________________________________________________ Item 4. Ownership
RAYCHEM INTERNATIONAL RAYCHEM MANUFACTURING RAYCHEM CORPORATION VENTURES, INC. CORPORATION (a) Amount Beneficially Owned: NONE NONE 624,363 (b) Percent of Class: 5.5% .3% 5.8% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote; 587,750 36,613 NONE (ii) Shared power to vote or to direct the vote; NONE NONE 624,363 (iii) Sole power to dispose or to direct the disposition of; 587,750 36,613 NONE (iv) Shared power to dispose or to direct the disposition of; NONE NONE 624,363 8 13G CUSIP No. 514766104 Page 8 of 9 ________________________________________________________________________________ Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date thereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ( ). Item 6. Ownership of More than Five/Ten Percent on Behalf of Another Person Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not applicable. Item 8. Identification and Classification of Members of the Group Not applicable. Item 9. Notice of Dissolution of Group Not applicable. 9 13G CUSIP No. 514766104 Page 9 of 9 ________________________________________________________________________________ Item 10. Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business, were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. RAYCHEM VENTURES, INC. By: /s/ Raymond J. Sims --------------------------------------------------- Signature Name/Title: Raymond J. Sims Senior Vice President and Chief Financial Officer Date: February 14, 1997 RAYCHEM INTERNATIONAL MANUFACTURING CORPORATION By: /s/ Raymond J. Sims ---------------------------------------------------- Signature Name/Title: Raymond J. Sims Senior Vice President and Chief Financial Officer Date: February 14, 1997 RAYCHEM CORPORATION By: /s/ Raymond J. Sims ---------------------------------------------------- Signature Name/Title: Raymond J. Sims Senior Vice President and Chief Financial Officer Date: February 14, 1997