Bloomin' Brands, Inc. — Director's Dealing 2017

May 2, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Bloomin' Brands, Inc. (BLMN)
CIK: 0001546417
Period of Report: 2017-04-28

Reporting Person: Kappitt Michael (EVP & President of Carrabba's)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-04-28	Common Stock	M	16409	$10.03	Acquired	43047	Direct
2017-04-28	Common Stock	S	26409	$21.35	Disposed	16638	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-04-28	Stock Option (right to buy)	$10.03	M	16409	Disposed	2021-07-05	Common Stock (16409.0)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$0.0		Common Stock (11222.0)	11222	Direct
Restricted Stock Units	$0.0		Common Stock (8401.0)	8401	Direct
Restricted Stock Units	$0.0		Common Stock (18750.0)	18750	Direct
Restricted Stock Units	$0.0		Common Stock (6250.0)	6250	Direct
Stock Option (right to buy)	$17.27	2027-02-24	Common Stock (26733.0)	26733	Direct
Stock Option (right to buy)	$17.8	2026-03-01	Common Stock (50000.0)	50000	Direct
Stock Option (right to buy)	$17.15	2026-02-25	Common Stock (26113.0)	26113	Direct
Stock Option (right to buy)	$25.36	2025-02-26	Common Stock (15074.0)	15074	Direct
Stock Option (right to buy)	$25.32	2024-02-27	Common Stock (12490.0)	12490	Direct
Stock Option (right to buy)	$23.87	2024-01-02	Common Stock (100000.0)	100000	Direct
Stock Option (right to buy)	$17.4	2023-02-26	Common Stock (10021.0)	10021	Direct

Footnotes

F1: Price reflected is the weighted-average sales price for the shares sold. The shares were sold in multiple transactions, and the range of sale prices for the transaction reported was $21.27 to $21.43. The reporting person undertakes to provide to the issuer, or any staff member of the Securities and Exchange Commission, upon request, information regarding the number of shares sold at each separate price.

F2: Certain of these shares represent restricted stock issued under a Bloomin' Brands, Inc. stock plan and are subject to risk of forfeiture. Of such shares, 6,250 continue to be subject to forfeiture under the plan.

F3: These stock options are fully vested.

F4: These restricted stock units, in the original grant amount of 11,222, will begin vesting in four equal annual installments on February 24, 2018.

F5: This field is not applicable.

F6: These restricted stock units, in the original grant amount of 11,201, began vesting in four equal annual installments on February 25, 2017.

F7: These restricted stock units, in the original grant amount of 25,000, began vesting in four equal annual installments on February 12, 2017.

F8: These restricted stock units, in the original grant amount of 25,000, began vesting in four equal annual installments on January 2, 2015.

F9: These stock options, in the original grant amount of 26,733, will begin vesting in four equal annual installments on February 24, 2018.

F10: These stock options, in the original grant amount of 50,000, began vesting in four equal annual installments on February 12, 2017.

F11: These stock options, in the original grant amount of 26,113, began vesting in four equal annual installments on February 25, 2017.

F12: These stock options, in the original grant amount of 15,074, began vesting in four equal annual installments on February 26, 2016.

F13: These stock options, in the original grant amount of 12,490, began vesting in four equal annual installments on February 27, 2015.

F14: These stock options, in the original grant amount of 100,000, began vesting in four equal annual installments on January 2, 2015.