DARLING INGREDIENTS INC. — Director's Dealing 2020

May 14, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DARLING INGREDIENTS INC. (DAR)
CIK: 0000916540
Period of Report: 2020-05-11

Reporting Person: Elrod Rick A (EVP - Darling US Rendering Ops)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-11	Common stock	M	38861	$8.51	Acquired	196618	Direct
2020-05-11	Common stock	M	17892	$11.97	Acquired	214510	Direct
2020-05-11	Common stock	M	51843	$12.29	Acquired	266353	Direct
2020-05-11	Common stock	F	70527	$21.59	Disposed	195826	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-05-11	Employee Stock Option (right to buy)	$8.51	M	38861	Disposed	2026-02-25	Common stock (38861)	Direct
2020-05-11	Employee Stock Option (right to buy)	$11.97	M	17892	Disposed	2026-03-07	Common stock (17892)	Direct
2020-05-11	Employee Stock Option (right to buy)	$12.29	M	51843	Disposed	2027-02-06	Common stock (51843)	Direct

Footnotes

F1: Options granted pursuant to the 2012 Omnibus Incentive Plan to purchase 19,431 shares became exercisable on 2/25/18 and 19,430 shares became exercisable on 2/25/19.

F2: Options granted pursuant to the 2012 Omnibus Incentive Plan to purchase 4,473 shares became exercisable on each of 3/7/2016, 3/7/2017, 3/7/2018 and 3/7/2019.

F3: Options granted pursuant to the 2017 Omnibus Incentive Plan to purchase 17,281 shares became exercisable on each of 2/6/2018, 2/6/2019 and 2/6/2020.