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Note 9 - Stockholders' Equity
 6 Months Ended
Nov. 27, 2016
Notes to Financial Statements  
Stockholders' Equity Note Disclosure [Text Block]
9.
Stockholders
’ Equity
 
During the
three
months ended
November
27,
2016,
the Company did not grant any options to purchase common stock and awarded
100,522
restricted stock units. During the
six
months ended
November
27,
2016,
the Company granted options to purchase
180,000
shares of common stock and awarded
110,522
restricted stock units.
 
As of
November
27,
2016,
the Company has reserved
 
2.6
million shares of Common Stock for future issuance under its current and former equity plans.
 
On
July
14,
2010,
the Company announced that the Board of Directors of the Company had approved the establishment of a stock repurchase plan authorizing the repurchase of up to
$10
million of the Company
’s Common Stock. The Company
may
repurchase its common stock from time to time in open market purchases or in privately negotiated transactions. The timing and actual number of shares repurchased is at the discretion of management of the Company and will depend on a variety of factors, including stock price, corporate and regulatory requirements, market conditions, the relative attractiveness of other capital deployment opportunities and other corporate priorities. The stock repurchase program does not obligate Landec to acquire any amount of its common stock and the program
may
be modified, suspended or terminated at any time at the Company's discretion without prior notice. During the
three
and
six
months ended
November
27,
2016,
the Company did not purchase any shares on the open market.