Bloomin' Brands, Inc. — Director's Dealing 2012

Aug 7, 2012

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Bloomin' Brands, Inc. (BLMN)
CIK: 0001546417
Period of Report: 2012-08-07

Reporting Person: KADOW JOSEPH JOHN (EVP and Chief Legal Officer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	308625	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to buy)	$6.50	2020-04-06	Common Stock (319810)		Direct
Stock Option (right to buy)	$10.03	2021-12-09	Common Stock (134250)		Direct

Footnotes

F1: Certain of these shares represent shares of restricted stock issued under a Bloomin' Brands, Inc. stock plan and are subject to risk of forfeiture.

F2: On April 6, 2010, the reporting person was granted a replacement stock option with an exercise price of $6.50 in exchange for an outstanding stock option with an exercise price of $10.00 per share. The original stock option was cancelled. Under the exchange program, the vested portion of the eligible stock options as of the grant date of the replacement stock options were exchanged for stock options that were fully vested. The unvested portion of the exchanged stock options were exchanged for unvested replacement stock options that vest and become exercisable over a period of time that is equal to the remaining vesting period of the exchanged stock options, plus one year, subject to the participant's continued employment through the new vesting date.

F3: This option is a replacement stock option and the remaining unvested portion vests in four equal installments beginning on June 14, 2010.

F4: This option vests in five equal installments beginning on December 9, 2012.