SEC Form 4 · accession 0001225208-16-040438
DARDEN RESTAURANTS INC · DRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Danielle L. Kirgan
Officer — SVP, CHRO
Period of report
Oct 10, 2016
Accepted (ET)
Oct 12, 2016 · 4:50 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 | Oct 10, 2016 | M | 10,200 | $43.58 | A | 15,989 | D | |
| Common Stock | Oct 10, 2016 | M | 9,376 | $45.54 | A | 25,365 | D | |
| Common Stock | Oct 10, 2016 | M | 7,179 | $42.99 | A | 32,544 | D | |
| Common Stock | Oct 10, 2016 | M | 5,015 | $39.07 | A | 37,559 | D | |
| Common Stock | Oct 10, 2016 | M | 2,464 | $39.53 | A | 40,023 | D | |
| Common StockF1 | Oct 10, 2016 | S | 28,127 | $62.465 | D | 11,896 | D | |
| Common Stock | Oct 11, 2016 | M | 8,946 | $37.83 | A | 20,842 | D | |
| Common Stock | Oct 11, 2016 | M | 2,341 | $39.53 | A | 23,183 | D | |
| Common StockF2 | Oct 11, 2016 | S | 8,780 | $62.467 | D | 14,403 | 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)F3 | $39.07 | Oct 10, 2016 | M | 5,015 | D | May 17, 2012 | May 17, 2020 | Common Stock | 5,015 | 0 | D |
| Stock Option (Right to Buy)F4 | $39.53 | Oct 10, 2016 | M | 2,464 | D | Jul 23, 2016 | Jul 23, 2024 | Common Stock | 2,464 | 12,099 | D |
| Stock Option (Right to Buy)F5 | $42.99 | Oct 10, 2016 | M | 7,179 | D | Jul 24, 2015 | Jul 24, 2023 | Common Stock | 7,179 | 3,700 | D |
| Stock Option (Right to Buy)F6 | $43.58 | Oct 10, 2016 | M | 10,200 | D | Jul 25, 2014 | Jul 25, 2022 | Common Stock | 10,200 | 0 | D |
| Stock Option (Right to Buy)F7 | $45.54 | Oct 10, 2016 | M | 9,376 | D | Jul 27, 2013 | Jul 27, 2021 | Common Stock | 9,376 | 0 | D |
| Stock Option (Right to Buy)F4 | $39.53 | Oct 11, 2016 | M | 2,341 | D | Jul 23, 2016 | Jul 23, 2024 | Common Stock | 2,341 | 9,758 | D |
| Stock Option (Right to Buy)F8 | $37.83 | Oct 11, 2016 | M | 8,946 | D | Jul 28, 2012 | Jul 28, 2020 | Common Stock | 8,946 | 0 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $62.40 to $62.55. 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 transaction was executed in multiple trades at prices ranging from $62.25 to $62.67. 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.
- F3The option vested in three equal installments on May 17, 2012, 2013, and 2014.
- F4The option vests in three equal installments on July 23, 2016, 2017, and 2018.
- F5The option vests in three equal installments on July 24, 2015, 2016, and 2017.
- F6The option vested in three equal installments on July 25, 2014, 2015, and 2016.
- F7The option vested in three equal installments on July 27, 2013, 2014, and 2015.
- F8The option vested in three equal installments on July 28, 2012, 2013, and 2014.