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Dine Brands Global, Inc. Director's Dealing 2012

May 16, 2012

33096_dirs_2012-05-15_45702a6f-e6e2-48e9-8f10-ef05c62a637a.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DineEquity, Inc (DIN)
CIK: 0000049754
Period of Report: 2012-05-11

Reporting Person: KAY LARRY ALAN (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-05-11 COMMON STOCK M 2500 $35.03 Acquired 9700 Direct
2012-05-11 COMMON STOCK F 1790 $48.93 Disposed 7910 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2012-05-11 STOCK OPTION (RIGHT TO BUY) $35.03 M 2500 Disposed 2012-05-15 COMMON STOCK (2500) Direct

Holdings (Non-Derivative)

Security Shares Ownership
COMMON STOCK 12645 Indirect

Footnotes

F1: The reporting person received 2,500 shares of common stock of the Issuer upon the exercise of an option to purchase shares of common stock. A total of 1,790 shares were surrendered to satisfy the option exercise cost of the reporting person, resulting in the issuance of a total of 710 net shares of common stock.

F2: Shares held by IRA Trustee for the benefit of the reporting person.

F3: On May 15, 2002, the reporting person was granted an option to purchase 5,000 shares of common stock which vested as to one-third of the shares on each of May 15, 2003, 2004, and 2005.