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DARDEN RESTAURANTS INC — Director's Dealing 2017
Jun 30, 2017
30252_dirs_2017-06-30_11e2b73f-4bf0-48b0-942d-e161958cc11f.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: DARDEN RESTAURANTS INC (DRI)
CIK: 0000940944
Period of Report: 2017-06-29
Reporting Person: LEE EUGENE I JR (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-06-29 | Common Stock | M | 60449.0000 | $45.5400 | Acquired | 165062.0000 | Direct |
| 2017-06-29 | Common Stock | M | 32676.0000 | $37.8300 | Acquired | 197738.0000 | Direct |
| 2017-06-29 | Common Stock | S | 93125.0000 | $91.5800 | Disposed | 104613.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-06-29 | Stock Option (Right to Buy) | $45.5400 | M | 60449.0000 | Disposed | 2021-07-27 | Common Stock (60449.0000) | Direct |
| 2017-06-29 | Stock Option (Right to Buy) | $37.8300 | M | 32676.0000 | Disposed | 2020-07-28 | Common Stock (32676.0000) | Direct |
Footnotes
F1: This transaction was executed in multiple trades at prices ranging from $91.01 to $91.84. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
F2: This option vested in two equal annual installments beginning on the third anniversary of the grant.
F3: The number of stock options was adjusted in connection with the spin-off (the Spin-Off) of Four Corners Property Trust, Inc. (FCPT) from Darden Restaurants, Inc. (Darden) on November 9, 2015. The adjustment reflects the product of (i) the number of shares subject to the stock option awards immediately prior to the Spin-Off and (ii) the ratio of (A) the pre-Spin-Off closing price on November 9, 2015 of Darden Common Stock (Darden Pre-Spin-Off Price) and (B) the difference between the Darden Pre-Spin-Off Price and the volume weighted average price of FCPT Common Stock trading on the NYSE on the trading day immediately following the distribution date (adjusted to reflect the Darden-to-FCPT pro rata share distribution ratio in the Spin-Off).