SEC Form 4 · accession 0001225208-15-008565
DARDEN RESTAURANTS INC · DRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
C Bradford Richmond
Officer — CFO, SVP
Period of report
Mar 24, 2015
Accepted (ET)
Mar 26, 2015 · 4:00 pm EDT
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 | Mar 24, 2015 | M | 38,863 | $42.68 | A | 61,594 | D | |
| Common Stock | Mar 24, 2015 | M | 28,000 | $33.44 | A | 89,594 | D | |
| Common StockF1 | Mar 24, 2015 | S | 28,000 | $69.966 | D | 61,594 | D | |
| Common StockF2 | Mar 24, 2015 | S | 38,863 | $69.483 | D | 22,731 | 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)F3 | $33.44 | Mar 24, 2015 | M | 28,000 | D | Jul 23, 2011 | Jul 23, 2018 | Common Stock | 28,000 | 30,620 | D |
| Stock Option (Right to Buy)F3 | $42.68 | Mar 24, 2015 | M | 38,863 | D | Jul 25, 2010 | Jul 25, 2017 | Common Stock | 38,863 | 0 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $69.90 to $70.28. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
- F2This transaction was executed in multiple trades at prices ranging from $69.25 to $69.95. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
- F3This option vested in two equal annual installments beginning on the third anniversary of the grant.