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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
 Washington, D. C. 20549
 
 Form 10-Q
  þ
    
    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
 For the quarterly period ended December 31, 2006
 or
 o
    
    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
 For the transition period from            to
 Commission file number 0-4065-1
 
 Lancaster Colony Corporation
 (Exact name of registrant as specified in its charter)
 Ohio
    
    13-1955943(State or other jurisdiction of
    
    (I.R.S. Employerincorporation or organization)
    
    Identification No.)37 West Broad Street
    
    43215Columbus, Ohio
    
    (Zip Code)(Address of principal executive offices)
 614-224-7141  (Registrants telephone number, including area code)
 þ o
  þ o o
 o þ




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##### Table of Contents



LANCASTER COLONY CORPORATION AND SUBSIDIARIES
 TABLE OF CONTENTS
 PART I  FINANCIAL INFORMATIONItem 1. Consolidated Financial Statements:Consolidated Balance Sheets  December 31, 2006 and June 30, 2006Consolidated Statements of Income  Three and Six Months Ended December 31, 2006 and 2005Consolidated Statements of Cash Flows  Six Months Ended December 31, 2006 and 2005Notes to Consolidated Financial StatementsItem 2. Managements Discussion and Analysis of Financial Condition and Results of OperationsItem 4. Controls and ProceduresPART II  OTHER INFORMATIONItem 1. Legal ProceedingsItem 1A. Risk FactorsItem 2. Unregistered Sales of Equity Securities and Use of ProceedsItem 4. Submission of Matters to a Vote of Security HoldersItem 6. ExhibitsSIGNATURESINDEX TO EXHIBITSEX-31.1EX-31.2EX-32
 2




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PART I  FINANCIAL INFORMATION
 
 Item 1. Consolidated Financial Statements
 LANCASTER COLONY CORPORATION AND SUBSIDIARIES
 
 CONSOLIDATED BALANCE SHEETS  UNAUDITED
 December 31
    
    
    June 30(Amounts in thousands, except share data)
    
    2006
    
    
    2006ASSETSCurrent Assets:Cash and equivalents
    
    $
    10,801
    
    
    $
    6,050Short-term investments
    
    
    
    
    
    
    35,765Receivables (less allowance for doubtful accounts,
December  $1,191 and June  $1,097)
    
    
    119,506
    
    
    
    108,987Inventories:Raw materials
    
    
    47,253
    
    
    
    40,719Finished goods and work in process
    
    
    103,894
    
    
    
    121,230Total inventories
    
    
    151,147
    
    
    
    161,949Deferred income taxes and other current assets
    
    
    28,696
    
    
    
    26,032Total current assets
    
    
    310,150
    
    
    
    338,783Property, Plant and Equipment:Land, buildings and improvements
    
    
    151,379
    
    
    
    137,233Machinery and equipment
    
    
    399,677
    
    
    
    399,914Total cost
    
    
    551,056
    
    
    
    537,147Less accumulated depreciation
    
    
    355,444
    
    
    
    349,875Property, plant and equipment  net
    
    
    195,612
    
    
    
    187,272Other Assets:Goodwill
    
    
    79,219
    
    
    
    79,219Other intangible assets  net
    
    
    4,155
    
    
    
    4,416Other noncurrent assets
    
    
    18,465
    
    
    
    18,331Total
    
    $
    607,601
    
    
    $
    628,021LIABILITIES AND SHAREHOLDERS EQUITYCurrent Liabilities:Accounts payable
    
    $
    44,147
    
    
    $
    47,684Accrued liabilities
    
    
    51,793
    
    
    
    55,816Total current liabilities
    
    
    95,940
    
    
    
    103,500Other Noncurrent Liabilities
    
    
    22,234
    
    
    
    21,734Deferred Income Taxes
    
    
    6,514
    
    
    
    8,366Shareholders Equity:Preferred stock  authorized 3,050,000 shares;
outstanding  noneCommon stock  authorized 75,000,000 shares; outstanding December 31, 2006  31,602,333 shares;June 30, 2006  32,245,735 shares
    
    
    80,597
    
    
    
    78,017Retained earnings
    
    
    940,191
    
    
    
    925,388Accumulated other comprehensive loss
    
    
    (5,817
    )
    
    
    (5,277
    )Total
    
    
    1,014,971
    
    
    
    998,128Common stock in treasury, at cost
    
    
    (532,058
    )
    
    
    (503,707
    )Total shareholders equity
    
    
    482,913
    
    
    
    494,421Total
    
    $
    607,601
    
    
    $
    628,021
  3




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LANCASTER COLONY CORPORATION AND SUBSIDIARIES
 
 CONSOLIDATED STATEMENTS OF INCOME  UNAUDITED
 Three Months Ended
    
    
    Six Months EndedDecember 31
    
    
    December 31(Amounts in thousands, except per share data)
    
    2006
    
    
    2005
    
    
    2006
    
    
    2005Net Sales
    
    $
    316,497
    
    
    $
    312,577
    
    
    $
    605,532
    
    
    $
    598,492Cost of Sales
    
    
    262,750
    
    
    
    252,623
    
    
    
    505,453
    
    
    
    485,297Gross Margin
    
    
    53,747
    
    
    
    59,954
    
    
    
    100,079
    
    
    
    113,195Selling, General and
Administrative Expenses
    
    
    26,335
    
    
    
    25,842
    
    
    
    51,296
    
    
    
    51,876Restructuring and Impairment Charge
    
    
    26
    
    
    
    19
    
    
    
    45
    
    
    
    43Operating Income
    
    
    27,386
    
    
    
    34,093
    
    
    
    48,738
    
    
    
    61,276Other Income (Expense):Interest Expense
    
    
    (13
    )
    
    
    
    
    
    
    (13
    )
    
    
    Other Income  Continued Dumping and
Subsidy Offset Act
    
    
    699
    
    
    
    11,376
    
    
    
    699
    
    
    
    11,376Interest Income and Other  Net
    
    
    187
    
    
    
    1,263
    
    
    
    565
    
    
    
    2,649Income Before Income Taxes
    
    
    28,259
    
    
    
    46,732
    
    
    
    49,989
    
    
    
    75,301Taxes Based on Income
    
    
    10,430
    
    
    
    16,502
    
    
    
    18,379
    
    
    
    27,025Net Income
    
    $
    17,829
    
    
    $
    30,230
    
    
    $
    31,610
    
    
    $
    48,276Net Income Per Common Share:Basic and Diluted
    
    $
    .56
    
    
    $
    .89
    
    
    $
    .99
    
    
    $
    1.42Cash Dividends Per Common Share
    
    $
    .27
    
    
    $
    2.26
    
    
    $
    .53
    
    
    $
    2.51Weighted Average Common
Shares Outstanding:Basic
    
    
    31,735
    
    
    
    33,838
    
    
    
    31,827
    
    
    
    34,029Diluted
    
    
    31,770
    
    
    
    33,861
    
    
    
    31,853
    
    
    
    34,074
  4




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LANCASTER COLONY CORPORATION AND SUBSIDIARIES
 
 CONSOLIDATED STATEMENTS OF CASH FLOWS 
(UNAUDITED)
 Six Months EndedDecember 31(Amounts in thousands)
    
    2006
    
    
    2005Cash Flows From Operating Activities:Net income
    
    $
    31,610
    
    
    $
    48,276Adjustments to reconcile net income to net
cash provided by operating activities:Depreciation and amortization
    
    
    15,380
    
    
    
    16,540Deferred income taxes and other noncash charges
    
    
    (750
    )
    
    
    (3,238
    )Restructuring and impairment charge
    
    
    (21
    )
    
    
    (26
    )Gain on sale of property
    
    
    (474
    )
    
    
    (813
    )(Gain) loss on sale of business
    
    
    (8
    )
    
    
    202Payments to pension plans
    
    
    (173
    )
    
    
    (106
    )Changes in operating assets and liabilities:Receivables
    
    
    (10,519
    )
    
    
    (21,681
    )Inventories
    
    
    10,802
    
    
    
    526Other current assets
    
    
    (2,285
    )
    
    
    (2,858
    )Accounts payable and accrued liabilities
    
    
    (1,745
    )
    
    
    2,702Net cash provided by operating activities
    
    
    41,817
    
    
    
    39,524Cash Flows From Investing Activities:Payments on property additions
    
    
    (23,485
    )
    
    
    (35,075
    )Proceeds from sale of property
    
    
    913
    
    
    
    1,155Proceeds from sale of business
    
    
    8
    
    
    
    476Purchases of short-term investments
    
    
    
    
    
    
    (24,700
    )Proceeds from short-term investment sales, calls and maturities
    
    
    35,765
    
    
    
    31,050Other net
    
    
    (1,108
    )
    
    
    (829
    )Net cash provided by (used in) investing activities
    
    
    12,093
    
    
    
    (27,923
    )Cash Flows From Financing Activities:Purchase of treasury stock
    
    
    (28,350
    )
    
    
    (31,042
    )Payment of dividends
    
    
    (16,808
    )
    
    
    (84,722
    )(Decrease) increase in cash overdraft balance
    
    
    (6,521
    )
    
    
    1,656Proceeds from the exercise of stock options
    
    
    2,532
    
    
    
    2,333Net cash used in financing activities
    
    
    (49,147
    )
    
    
    (111,775
    )Effect of exchange rate changes on cash
    
    
    (12
    )
    
    
    (2
    )Net change in cash and equivalents
    
    
    4,751
    
    
    
    (100,176
    )Cash and equivalents at beginning of year
    
    
    6,050
    
    
    
    113,265Cash and equivalents at end of period
    
    $
    10,801
    
    
    $
    13,089Supplemental Disclosure Of Operating Cash Flows:Cash paid during the period for income taxes
    
    $
    20,401
    
    
    $
    25,415
  5




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LANCASTER COLONY CORPORATION AND SUBSIDIARIES
 
 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Tabular amounts in thousands, except share and per share data)
 Note 1  Summary of Significant Accounting Policies
 Basis of Presentation
  Property, Plant and Equipment
  Significant Accounting Policies
  Note 2  Short-Term Investments
   June 302006Due within one year
    
    $
    Due between one and five years
    
    
    Due after ten years
    
    
    35,765Total short-term investments
    
    $
    35,765
  Note 3  Impact of Recently Issued Accounting Standards
  6




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LANCASTER COLONY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS  (Continued)
(Tabular amounts in thousands, except share and per share data)
     Note 4  Goodwill and Other Intangible Assets
   December 31
    
    
    June 302006
    
    
    2006Specialty FoodsTrademarks (40-year life)Gross carrying value
    
    $
    370
    
    
    $
    370Accumulated amortization
    
    
    (144
    )
    
    
    (140
    )Net Carrying Value
    
    $
    226
    
    
    $
    230Customer Lists (12-year life)Gross carrying value
    
    $
    4,100
    
    
    $
    4,100Accumulated amortization
    
    
    (1,025
    )
    
    
    (854
    )Net Carrying Value
    
    $
    3,075
    
    
    $
    3,246Non-compete Agreements (8-year life)Gross carrying value
    
    $
    1,200
    
    
    $
    1,200Accumulated amortization
    
    
    (450
    )
    
    
    (375
    )Net Carrying Value
    
    $
    750
    
    
    $
    825
 7




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LANCASTER COLONY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS  (Continued)
(Tabular amounts in thousands, except share and per share data)
 December 31
    
    
    June 302006
    
    
    2006Glassware and Candles  Customer Lists (12-year life)Gross carrying value
    
    $
    250
    
    
    $
    250Accumulated amortization
    
    
    (146
    )
    
    
    (135
    )Net Carrying Value
    
    $
    104
    
    
    $
    115Total Net Carrying Value
    
    $
    4,155
    
    
    $
    4,416
  Note 5  Short-Term Borrowings
  Note 6  Pension Benefits
   Three Months
    
    
    Six MonthsEnded
    
    
    EndedDecember 31
    
    
    December 312006
    
    
    2005
    
    
    2006
    
    
    2005Components of net periodic benefit costService cost
    
    $
    127
    
    
    $
    188
    
    
    $
    254
    
    
    $
    376Interest cost
    
    
    632
    
    
    
    635
    
    
    
    1,264
    
    
    
    1,270Expected return on plan assets
    
    
    (748
    )
    
    
    (723
    )
    
    
    (1,496
    )
    
    
    (1,446
    )SFAS 88 settlement charge
    
    
    351
    
    
    
    
    
    
    
    351
    
    
    
    Amortization of unrecognized net loss
    
    
    65
    
    
    
    177
    
    
    
    130
    
    
    
    354Amortization of prior service cost
    
    
    61
    
    
    
    58
    
    
    
    122
    
    
    
    117Amortization of unrecognized net
obligation existing at transition
    
    
    1
    
    
    
    9
    
    
    
    2
    
    
    
    18Net periodic benefit cost
    
    $
    489
    
    
    $
    344
    
    
    $
    627
    
    
    $
    689
   8




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LANCASTER COLONY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS  (Continued)
(Tabular amounts in thousands, except share and per share data)
 Note 7  Postretirement Benefits
   Three Months
    
    
    Six MonthsEnded
    
    
    EndedDecember 31
    
    
    December 312006
    
    
    2005
    
    
    2006
    
    
    2005Components of net periodic benefit costService cost
    
    $
    25
    
    
    $
    43
    
    
    $
    58
    
    
    $
    87Interest cost
    
    
    92
    
    
    
    86
    
    
    
    198
    
    
    
    173Amortization of unrecognized net loss
    
    
    21
    
    
    
    36
    
    
    
    53
    
    
    
    72Amortization of prior service asset
    
    
    (2
    )
    
    
    (1
    )
    
    
    (4
    )
    
    
    (3
    )SFAS 88 curtailment benefit
    
    
    (9
    )
    
    
    
    
    
    
    (9
    )
    
    
    Net periodic benefit cost
    
    $
    127
    
    
    $
    164
    
    
    $
    296
    
    
    $
    329
   Note 8  Stock-Based Compensation
   Stock Options
  9




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LANCASTER COLONY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS  (Continued)
(Tabular amounts in thousands, except share and per share data)
    WeightedWeighted
    
    
    AverageNumber
    
    
    Average
    
    
    Remaining
    
    
    Aggregateof
    
    
    Exercise
    
    
    Contractual
    
    
    IntrinsicShares
    
    
    Price
    
    
    Life
    
    
    ValueOutstanding stock options at beginning of period
    
    
    470,982
    
    
    $
    39.92Exercised
    
    
    (63,804
    )
    
    
    37.41Granted
    
    
    
    
    
    
    Forfeited
    
    
    (4,792
    )
    
    
    41.52Outstanding stock options at end of period
    
    
    402,386
    
    
    $
    40.30
    
    
    
    2.62
    
    
    $
    1,615Exercisable stock options at end of period
    
    
    386,071
    
    
    $
    40.27
    
    
    
    2.61
    
    
    $
    1,559
  WeightedNumber
    
    
    Averageof
    
    
    Grant DateShares
    
    
    Fair ValueUnvested stock options at beginning of period
    
    
    16,315
    
    
    $
    7.82Granted
    
    
    
    
    
    
    Vested
    
    
    
    
    
    
    Forfeited
    
    
    
    
    
    
    Unvested stock options at end of period
    
    
    16,315
    
    
    $
    7.82
  Restricted Stock
  10




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LANCASTER COLONY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS  (Continued)
(Tabular amounts in thousands, except share and per share data)
  WeightedNumber
    
    
    Averageof
    
    
    Grant DateShares
    
    
    Fair ValueUnvested restricted stock at beginning of period
    
    
    
    
    
    
    Granted
    
    
    3,500
    
    
    $
    42.70Vested
    
    
    
    
    
    
    Forfeited
    
    
    
    
    
    
    Unvested restricted stock at end of period
    
    
    3,500
    
    
    $
    42.70
   Note 9  Business Segment Information
  Three Months Ended
    
    
    Six Months EndedDecember 31
    
    
    December 312006
    
    
    2005
    
    
    2006
    
    
    2005Net SalesSpecialty Foods
    
    $
    192,594
    
    
    $
    189,505
    
    
    $
    364,881
    
    
    $
    359,039Glassware and Candles
    
    
    70,581
    
    
    
    65,269
    
    
    
    125,087
    
    
    
    125,544Automotive
    
    
    53,322
    
    
    
    57,803
    
    
    
    115,564
    
    
    
    113,909Total
    
    $
    316,497
    
    
    $
    312,577
    
    
    $
    605,532
    
    
    $
    598,492Operating IncomeSpecialty Foods
    
    $
    30,769
    
    
    $
    31,574
    
    
    $
    54,951
    
    
    $
    57,418Glassware and Candles
    
    
    3,923
    
    
    
    3,417
    
    
    
    3,122
    
    
    
    5,620Automotive
    
    
    (5,312
    )
    
    
    699
    
    
    
    (5,843
    )
    
    
    1,833Corporate Expenses
    
    
    (1,994
    )
    
    
    (1,597
    )
    
    
    (3,492
    )
    
    
    (3,595
    )Total
    
    $
    27,386
    
    
    $
    34,093
    
    
    $
    48,738
    
    
    $
    61,276
 Note 10  Commitments and Contingencies
   11




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LANCASTER COLONY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS  (Continued)
(Tabular amounts in thousands, except share and per share data)
     Note 11  Comprehensive Income
  12




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Item 2. Managements Discussion and Analysis of Financial Condition and Results of Operations
 LANCASTER COLONY CORPORATION AND SUBSIDIARIES
MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATIONS
(Tabular dollars in thousands)
 OVERVIEW
       13




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Forward-Looking Statements
  Summary of Results
    RESULTS OF CONSOLIDATED OPERATIONS
 Net Sales and Gross Margin
 Three Months Ended
    
    
    
    
    
    
    
    
    Six Months EndedDecember 31
    
    
    
    
    
    
    
    
    December 312006
    
    
    2005
    
    
    Change


    
    2006
    
    
    2005
    
    
    ChangeNet SalesSpecialty Foods
    
    $
    192,594
    
    
    $
    189,505
    
    
    $
    3,089
    

    2
    %

    
    $
    364,881
    
    
    $
    359,039
    
    
    $
    5,842
    

    2
    %Glassware and Candles
    
    
    70,581
    
    
    
    65,269
    
    
    
    5,312
    
    8
    %

    

    
    125,087
    
    
    
    125,544
    
    
    
    (457
    )
    0
    %Automotive
    
    
    53,322
    
    
    
    57,803
    
    
    
    (4,481
    )
    (8
    )%
    
    


    115,564
    
    
    
    113,909
    
    
    
    1,655
    
    1
    %Total
    
    $
    316,497
    
    
    $
    312,577
    
    
    $
    3,920
    
    1
    %

    


    $
    605,532
    
    
    $
    598,492
    
    
    $
    7,040
    
    1
    %Gross Margin
    
    $
    53,747
    
    
    $
    59,954
    
    
    $
    (6,207
    )


    (10
    )%
    

    $
    100,079
    
    
    $
    113,195
    
    
    $
    (13,116
    )
    (12
    )%Gross Margin
as a Percent of Sales
    
    
    17.0
    %
    
    
    19.2
    %
    
    
    
    
    
    
    
    
    16.5
    %
    
    
    18.9
    %
 14




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Selling, General and Administrative Expenses
 Three Months Ended
    
    
    
    
    
    
    
    
    
    
    Six Months EndedDecember 31
    
    
    
    
    
    
    
    
    
    
    December 312006
    
    
    2005
    
    
    Change
    
    
    2006
    
    
    2005
    
    
    ChangeSelling, General and
Administrative Expenses
    
    $
    26,335
    
    
    $
    25,842
    
    
    $
    493
    
    
    
    2
    %
    
    $
    51,296
    
    
    $
    51,876
    
    
    $
    (580
    )
    
    
    (1
    )%SG&A Expenses as a
Percent of Sales
    
    
    8.3
    %
    
    
    8.3
    %
    
    
    
    
    
    
    
    
    
    
    8.5
    %
    
    
    8.7
    %
  Operating Income
  Three Months Ended
    
    
    
    
    
    
    
    
    
    
    Six Months EndedDecember 31
    
    
    
    
    
    
    
    
    
    
    December 312006
    
    
    2005
    
    
    Change
    
    
    2006
    
    
    2005
    
    
    ChangeOperating IncomeSpecialty Foods
    
    $
    30,769
    
    
    $
    31,574
    
    
    $
    (805
    )
    
    
    (3
    )%
    
    $
    54,951
    
    
    $
    57,418
    
    
    $
    (2,467
    )
    
    
    (4
    )%Glassware and Candles
    
    
    3,923
    
    
    
    3,417
    
    
    
    506
    
    
    
    15
    %
    
    
    3,122
    
    
    
    5,620
    
    
    
    (2,498
    )
    
    
    (44
    )%Automotive
    
    
    (5,312
    )
    
    
    699
    
    
    
    (6,011
    )
    
    
    (860
    )%
    
    
    (5,843
    )
    
    
    1,833
    
    
    
    (7,676
    )
    
    
    (419
    )%Corporate Expenses
    
    
    (1,994
    )
    
    
    (1,597
    )
    
    
    (397
    )
    
    
    25
    %
    
    
    (3,492
    )
    
    
    (3,595
    )
    
    
    103
    
    
    
    (3
    )%Total
    
    $
    27,386
    
    
    $
    34,093
    
    
    $
    (6,707
    )
    
    
    (20
    )%
    
    $
    48,738
    
    
    $
    61,276
    
    
    $
    (12,538
    )
    
    
    (20
    )%Operating Income
as a Percent of SalesSpecialty Foods
    
    
    16.0
    %
    
    
    16.7
    %
    
    
    
    
    
    
    
    
    
    
    15.1
    %
    
    
    16.0
    %Glassware and Candles
    
    
    5.6
    %
    
    
    5.2
    %
    
    
    
    
    
    
    
    
    
    
    2.5
    %
    
    
    4.5
    %Automotive
    
    
    (10.0
    )%
    
    
    1.2
    %
    
    
    
    
    
    
    
    
    
    
    (5.1
    )%
    
    
    1.6
    %Consolidated
    
    
    8.7
    %
    
    
    10.9
    %
    
    
    
    
    
    
    
    
    
    
    8.0
    %
    
    
    10.2
    %
 Interest Expense
  Other Income  Continued Dumping and Subsidy Offset Act
  Interest Income and Other  Net
  16




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##### Table of Contents



Income Before Income Taxes
  Net Income
  FINANCIAL CONDITION
     CONTRACTUAL OBLIGATIONS
  17




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##### Table of Contents



CRITICAL ACCOUNTING POLICIES
  RECENTLY ISSUED ACCOUNTING STANDARDS
     
 Item 4. Controls and Procedures
 Evaluation of Disclosure Controls and Procedures.
 Changes in Internal Control Over Financial Reporting.
 18




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##### Table of Contents



PART II OTHER INFORMATION
 
 Item 1. Legal Proceedings
  
 Item 1A. Risk Factors
  
 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
  Total Number
    
    Maximum NumberTotal
    
    Average
    
    of Shares
    
    of Shares That MayNumber
    
    Price
    
    Purchased as
    
    Yet be Purchasedof Shares
    
    Paid Per
    
    Part of Publicly
    
    Under the Plans orPeriod
    
    Purchased
    
    Share
    
    Announced Plans
    
    ProgramsOctober 1-31, 2006
    
    
    
    
    
    $
    
    
    
    
    
    
    
    
    2,483,458November 1-30, 2006
    
    
    245,291
    
    
    $
    41.49
    
    
    
    245,291
    
    
    
    2,238,167December 1-31, 2006
    
    
    15,001
    
    
    $
    42.91
    
    
    
    15,001
    
    
    
    2,223,166
  
 Item 4. Submission of Matters to a Vote of Security Holders
  Shares
    
    
    
    
    
    SharesVoted
    
    Shares
    
    NotFor
    
    Withheld
    
    VotedJames B. Bachmann
    
    
    28,136,637
    
    
    
    1,185,428
    
    
    
    2,530,260Neeli Bendapudi
    
    
    28,124,505
    
    
    
    1,197,560
    
    
    
    2,530,260Robert S. Hamilton
    
    
    28,031,650
    
    
    
    1,290,415
    
    
    
    2,530,260
  
 Item 6. Exhibits .
 19




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##### Table of Contents



SIGNATURES
  Lancaster Colony Corporation(Registrant)Date: February 8, 2007
    
    By:
    
    /s/ John B. Gerlach, Jr.John B. Gerlach, Jr.Chairman, Chief Executive Officer,President and DirectorDate: February 8, 2007
    
    By:
    
    /s/ John L. BoylanJohn L. BoylanTreasurer, Vice President,Assistant Secretary,Chief Financial Officer(Principal Financialand Accounting Officer)and Director
 20




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##### Table of Contents



LANCASTER COLONY CORPORATION AND SUBSIDIARIES
FORM 10-Q
DECEMBER 31, 2006
 
 INDEX TO EXHIBITS
 ExhibitNumber
    
    Description
    
    Located at31.1
    
    Certification of CEO under Section 302 of the Sarbanes-Oxley Act of 2002
    
    Filed herewith31.2
    
    Certification of CFO under Section 302 of the Sarbanes-Oxley Act of 2002
    
    Filed herewith32
    
    Certification of CEO and CFO under Section 906 of the Sarbanes-Oxley Act of 2002
    
    Filed herewith
 21