SEC Form 4 · accession 0001225208-15-008807
DARDEN RESTAURANTS INC · DRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Valerie L. Insignares
Officer — President, LongHorn Steakhouse
Period of report
Mar 27, 2015
Accepted (ET)
Mar 31, 2015 · 11:37 am 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 27, 2015 | M | 20,107 | $35.805 | A | 68,302 | D | |
| Common StockF1 | Mar 27, 2015 | S | 20,107 | $68.5749 | D | 48,195 | 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)F2 | $35.805 | Mar 27, 2015 | M | 20,107 | D | Jun 15, 2008 | Jun 15, 2016 | Common Stock | 20,107 | 5,090 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $68.10 to $68.92. 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 option vested in three equal annual installments beginning on the second anniversary of the grant.