SEC Form 4 · accession 0001546417-18-000050
Bloomin' Brands, Inc. · BLMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Kappitt
Officer — EVP & President of Carrabba's
Period of report
Feb 26, 2018
Accepted (ET)
Feb 28, 2018 · 8:07 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001546417
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 26, 2018 | M | 1,312 | $0.00 | A | 29,437 | D | |
| Common StockF2 | Feb 26, 2018 | F | 320 | $24.105 | D | 29,117 | D | |
| Common StockF1 | Feb 27, 2018 | M | 1,268 | $0.00 | A | 30,385 | D | |
| Common StockF2 | Feb 27, 2018 | F | 309 | $23.74 | D | 30,076 | D | |
| Common StockF3 | Feb 27, 2018 | S | 18,527 | $23.751 | D | 11,549 | D | |
| Common Stock | Feb 28, 2018 | M | 917 | $10.03 | A | 12,466 | D | |
| Common Stock | Feb 28, 2018 | S | 917 | $23.75 | D | 11,549 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F4 | $10.03 | Feb 28, 2018 | M | 917 | D | — | Jul 5, 2021 | Common Stock | 917 | 31,901 | D |
| Restricted Stock UnitsF5,F6,F7 | $0.00 | holding | — | — | — | — | — | Common Stock | 7,930 | 7,930 | D |
| Restricted Stock UnitsF5,F8,F7 | $0.00 | holding | — | — | — | — | — | Common Stock | 8,417 | 8,417 | D |
| Restricted Stock UnitsF5,F9,F7 | $0.00 | holding | — | — | — | — | — | Common Stock | 5,601 | 5,601 | D |
| Restricted Stock UnitsF5,F10,F7 | $0.00 | holding | — | — | — | — | — | Common Stock | 12,500 | 12,500 | D |
| Stock Option (right to buy)F11 | $24.10 | holding | — | — | — | — | Feb 23, 2028 | Common Stock | 18,570 | 18,570 | D |
| Stock Option (right to buy)F12 | $17.27 | holding | — | — | — | — | Feb 24, 2027 | Common Stock | 26,733 | 26,733 | D |
| Stock Option (right to buy)F13 | $17.15 | holding | — | — | — | — | Feb 25, 2026 | Common Stock | 26,113 | 26,113 | D |
| Stock Option (right to buy)F14 | $17.80 | holding | — | — | — | — | Mar 1, 2026 | Common Stock | 50,000 | 50,000 | D |
| Stock Option (right to buy)F15 | $25.36 | holding | — | — | — | — | Feb 26, 2025 | Common Stock | 15,074 | 15,074 | D |
| Stock Option (right to buy)F4 | $25.32 | holding | — | — | — | — | Feb 27, 2024 | Common Stock | 12,490 | 12,490 | D |
| Stock Option (right to buy)F4 | $23.87 | holding | — | — | — | — | Jan 2, 2024 | Common Stock | 100,000 | 100,000 | D |
| Stock Option (right to buy)F4 | $17.40 | holding | — | — | — | — | Feb 26, 2023 | Common Stock | 10,021 | 10,021 | D |
Explanation of responses
- F1Represents shares of common stock acquired upon vesting of certain performance-based share units as a result of achievement of performance goals.
- F10These restricted stock units, in the original grant amount of 25,000, began vesting in four equal annual installments on February 12, 2017.
- F11These stock options, in the original grant amount of 18,570, will begin vesting in four equal annual installments beginning on February 23, 2019.
- F12These stock options, in the original grant amount of 26,733, began vesting in four equal annual installments on February 24, 2018.
- F13These stock options, in the original grant amount of 26,113, began vesting in four equal annual installments on February 25, 2017.
- F14These stock options, in the original grant amount of 50,000, began vesting in four equal annual installments on February 12, 2017.
- F15These stock options, in the original grant amount of 15,074, began vesting in four equal annual installments on February 26, 2016.
- F2These shares were withheld by the issuer to pay for the applicable withholding tax due upon vesting of certain performance-based share units.
- F3Price reflected is the weighted-average sale price for shares sold. The shares were sold in multiple transactions, and the range of sale prices for the transactions reported was $23.750 to $23.760. The reporting person undertakes to provide to the issuer, any security holder of 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.
- F4These stock options are fully vested.
- F5Each restricted stock unit represents a contingent right to receive one share of common stock of the issuer.
- F6These restricted stock units, in the original grant amount of 7,930, will begin vesting in four equal annual installments on February 23, 2019.
- F7This field is not applicable.
- F8These restricted stock units, in the original grant amount of 11,222, began vesting in four equal annual installments on February 24, 2018.
- F9These restricted stock units, in the original grant amount of 11,201, began vesting in four equal annual installments on February 25, 2017.