SEC Form 4 · accession 0001225208-15-005554
DARDEN RESTAURANTS INC · DRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eugene I Lee Jr.
Officer — Chief Executive Officer · Director
Period of report
Feb 22, 2015
Accepted (ET)
Feb 24, 2015 · 7:59 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000940944
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Dec 24, 2014 | G | 2,000 | $0.00 | D | 59,193 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F3 | — | Feb 22, 2015 | A | 5,203 | A | — | — | Common Stock | 5,203 | 5,203 | D |
| Restricted Stock UnitsF1,F4 | — | Feb 22, 2015 | A | 444 | A | — | — | Common Stock | 444 | 5,647 | D |
| Restricted Stock UnitsF1,F5 | — | Feb 22, 2015 | A | 436 | A | — | — | Common Stock | 436 | 6,083 | D |
| Restricted Stock UnitsF1,F6 | — | Feb 22, 2015 | A | 422 | A | — | — | Common Stock | 422 | 6,505 | D |
| Restricted Stock UnitsF1,F7 | — | Feb 22, 2015 | A | 405 | A | — | — | Common Stock | 405 | 6,910 | D |
Explanation of responses
- F1Each restricted stock unit represents the right to receive one share of the issuer's common stock upon vesting.
- F2As previously reported, on February 22, 2015, the reporting person was appointed Chief Executive Officer of Darden Restaurants, Inc. and the board of directors determined that the performance criteria underlying previously granted restricted stock unit awards was satified.
- F3The restricted stock units vest on October 13, 2015, assuming continued employment through such date.
- F4The restricted stock units vest on November 13, 2015, assuming continued employment through such date.
- F5The restricted stock units vest on December 13, 2015, assuming continued employment through such date.
- F6The restricted stock units vest on January 13, 2016, assuming continued employment through such date.
- F7The restricted stock units vest on February 13, 2016, assuming continued employment through such date.