SEC Form 4 · accession 0001225208-16-037137
DARDEN RESTAURANTS INC · DRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John W. Madonna
Officer — SVP, Corporate Controller
Period of report
Jul 27, 2016
Accepted (ET)
Jul 29, 2016 · 3:04 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 StockF1 | Jul 27, 2016 | M | 294 | $0.00 | A | 2,236 | D | |
| Common Stock | Jul 27, 2016 | D | 294 | $60.59 | D | 1,942 | 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 Units (DSU)F1 | — | Jul 27, 2016 | M | 294 | D | Jul 27, 2016 | Jul 27, 2016 | Common Stock | 294 | 0 | D |
| Stock Option (Right to Buy)F2 | $59.68 | Jul 27, 2016 | A | 5,109 | A | — | Jul 27, 2026 | Common Stock | 5,109 | 5,109 | D |
Explanation of responses
- F1Each restricted stock unit represents the right to receive the economic value of one share of the issuer's stock upon vesting.
- F2This option vests in two equal annual installments beginning on the third anniversary of the grant.