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  <TITLE> Landec Corporation (Form: 8-K) </TITLE>
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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	May 17, 2007
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  	Landec Corporation
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	California
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  	0-27446
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  	94-3025618
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	3603 Haven Ave. Suite E, Menlo Park, California
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  	94025
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  _________________________________<BR>
  	(Address of principal executive offices)
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  ___________<BR>
  	(Zip Code)
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  	Registrant&#146;s telephone number, including area code:
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  	650-306-1650
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:</FONT>
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  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  	Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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  (e)	On May 17, 2007, the Board of Directors (the "Board") of Landec Corporation (the "Company") approved the performance criteria and structure for cash bonuses that may be awarded to employees of the Company and its subsidiary, Apio, Inc. ("Apio"), for the 2008 fiscal year (the "Plan").  Employees of the Company and Apio may earn cash bonuses based upon the achievement of separate revenue and income targets for the Company and Apio.  Bonuses are calculated by multiplying a percentage of each participant&#x2019;s base salary by the percentage of the aggregate performance goals that is attained.  The percentage of base salary used to determine each participant&#x2019;s cash bonus payment ranges from 40% to 100% of base salary for executive officers (up to 208% for Nick Tompkins, Chief Executive Officer of Apio) and from 5% to 104% for other employees.  Participants must attain a minimum percentage of the aggregate performance goals to receive a bonus under the Plan.  Also, participants must be employed by the Company or Apio at the end of fiscal year 2008.  Bonus payments, if any, will be made in single lump sum cash payments as soon as practicable after the end of the Company&#x2019;s fiscal year.
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  	SIGNATURES
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  	Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
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  	Landec Corporation
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  	&nbsp;&nbsp;
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  <I>
  	May 22, 2007
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  	By:
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  <I>
  	/s/ Gregory S. Skinner
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  	Name: Gregory S. Skinner
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  	Title: Vice President and Chief Financial Officer
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_20470.htm", "description": "LIVE FILING", "secsgml_size_bytes": 9551}]
metadata_filer: {"company-data": {"conformed-name": "LANDEC CORP \\CA\\", "cik": "0001005286", "assigned-sic": "2821", "irs-number": "943025618", "state-of-incorporation": "CA", "fiscal-year-end": "0525"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-27446", "film-number": "07870696"}, "business-address": {"street1": "3603 HAVEN AVE", "city": "MENLO PARK", "state": "CA", "zip": "94025", "phone": "6503061650"}, "mail-address": {"street1": "3603 HAVEN AVE", "city": "MENLO PARK", "state": "CA", "zip": "94025"}}
text: Landec Corporation (Form: 8-K)
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C. 20549
  FORM 8-K
  CURRENT REPORT
  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  Date of Report (Date of Earliest Event Reported):
  May 17, 2007
  Landec Corporation
  __________________________________________
  (Exact name of registrant as specified in its charter)
  California
  0-27446
  94-3025618
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  3603 Haven Ave. Suite E, Menlo Park, California
  94025
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  650-306-1650
  Not Applicable
  ______________________________________________
  Former name or former address, if changed since last report
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:
  [  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Top of the Form
  Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
  (e)	On May 17, 2007, the Board of Directors (the "Board") of Landec Corporation (the "Company") approved the performance criteria and structure for cash bonuses that may be awarded to employees of the Company and its subsidiary, Apio, Inc. ("Apio"), for the 2008 fiscal year (the "Plan").  Employees of the Company and Apio may earn cash bonuses based upon the achievement of separate revenue and income targets for the Company and Apio.  Bonuses are calculated by multiplying a percentage of each participant's base salary by the percentage of the aggregate performance goals that is attained.  The percentage of base salary used to determine each participant's cash bonus payment ranges from 40% to 100% of base salary for executive officers (up to 208% for Nick Tompkins, Chief Executive Officer of Apio) and from 5% to 104% for other employees.  Participants must attain a minimum percentage of the aggregate performance goals to receive a bonus under the Plan.  Also, participants must be employed by the Company or Apio at the end of fiscal year 2008.  Bonus payments, if any, will be made in single lump sum cash payments as soon as practicable after the end of the Company's fiscal year.
  Top of the Form
  SIGNATURES
  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
  Landec Corporation
  May 22, 2007
  By:
  /s/ Gregory S. Skinner
  Name: Gregory S. Skinner
  Title: Vice President and Chief Financial Officer