DENNY'S Corp — Director's Dealing 2016

Aug 9, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DENNYS CORP (DENN)
CIK: 0000852772
Period of Report: 2016-08-08

Reporting Person: GUTIERREZ JOSE M (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-08-08	Deferred Stock Units	$	D	9285	Disposed		Common Stock (9285.0)	Direct
2016-08-08	Deferred Stock Units	$	A	9285	Acquired		Common Stock (9285.0)	Direct

Footnotes

F1: Deferred Stock Units, which were granted under the Dennys Corporation 2012 Omnibus Incentive Plan on May 24, 2016, and vest 100% and convert to common stock of the Issuer on May 24, 2017, were cancelled and rescinded. The reporting person received a replacement award of deferred stock units, which is described in Footnote (2).

F2: Deferred Stock Units, which were granted under the Denny's Corporation 2012 Omnibus Incentive Plan on August 8, 2016, and vest in three equal annual installments beginning on August 8, 2017 and convert to common stock of the Issuer on September 1, 2020, were granted as a replacement award in connection with the cancellation and rescission of the deferred stock units described in Footnote (1).