SEC Form 4 · accession 0001225208-16-038487
DARDEN RESTAURANTS INC · DRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lionel L Nowell III
Director
Period of report
Aug 26, 2016
Accepted (ET)
Aug 30, 2016 · 11:32 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 | holding | — | — | — | 400 | 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 (FY15 Director Compensation)F1,F2,F3 | — | Aug 26, 2016 | A | 408 | A | — | — | Common Stock | 408 | 3,081 | D |
Explanation of responses
- F1Includes FY15, FY16 and FY17 director compensation.
- F2Restricted stock units convert into common stock on a one-for-one basis.
- F3The Reporting Person elected to take all of the quarterly cash retainer for serving as a director in the form of restricted stock units for which vested shares will be delivered to the Reporting Person on the Reporting Person's termination of service as a director.