SEC Form 4 · accession 0001225208-15-021110
DARDEN RESTAURANTS INC · DRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ricardo Cardenas
Officer — SVP Chief Strategy Officer
Period of report
Nov 17, 2015
Accepted (ET)
Nov 19, 2015 · 5:25 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 StockF1 | Nov 17, 2015 | M | 4,520 | $0.00 | A | 11,028 | D | |
| Common Stock | Nov 17, 2015 | F | 1,237 | $53.93 | D | 9,791 | 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 | — | Nov 17, 2015 | A | 4,520 | A | — | — | Common Stock | 4,520 | 4,520 | D |
| Restricted Stock UnitsF1,F3 | — | Nov 17, 2015 | M | 4,520 | D | — | — | Common Stock | 4,520 | 0 | D |
Explanation of responses
- F1Restricted stock units convert into common stock on a one-for-one basis.
- F2On November 17, 2014, the reporting person received a special equity award of performance based restricted stock units. On November 17, 2015, the board of directors determined that the performance criteria underlying the award was satisfied.
- F3The restricted stock units vest on November 17, 2015, assuming continued employment through September 14, 2015.