SEC Form 4 · accession 0001225208-15-014431
DARDEN RESTAURANTS INC · DRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David C George
Officer — President, Olive Garden
Period of report
Jun 26, 2015
Accepted (ET)
Jun 30, 2015 · 2:24 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 | Jun 26, 2015 | M | 18,523 | $35.51 | A | 31,758 | D | |
| Common StockF1 | Jun 26, 2015 | S | 11,768 | $71.458 | D | 19,990 | 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 | $35.51 | Jun 26, 2015 | M | 18,523 | D | Oct 1, 2007 | Feb 8, 2016 | Common Stock | 18,523 | 0 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $71.42 to $71.51. 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.
- F2Represents two grants of stock options. The grants began vesting on 2/8/2007, with one vesting 33% annually and the other vesting 25% annually. Both grants vested in full 6 months later on 10/1/2007.