Bloomin' Brands, Inc. — Director's Dealing 2014

Mar 3, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Bloomin' Brands, Inc. (BLMN)
CIK: 0001546417
Period of Report: 2014-02-27

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-27	Stock Option (right to buy)	$25.32	A	24331	Acquired	2024-02-27	Common Stock (24331.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	308722	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to buy)	$6.5	2020-04-06	Common Stock (319810.0)	319810	Direct
Stock Option (right to buy)	$10.03	2021-12-09	Common Stock (134250.0)	134250	Direct
Stock Option (right to buy)	$17.4	2023-02-26	Common Stock (30229.0)	30229	Direct

Footnotes

F1: This stock option vests in four equal annual installments beginning on February 27, 2015.

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

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

F5: This stock option vests in four equal annual installments beginning on February 26, 2014.