SEC Form 4 · accession 0001225208-17-012931
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 24, 2017
Accepted (ET)
Jul 26, 2017 · 4:18 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 24, 2017 | M | 407 | $0.00 | A | 2,280 | D | |
| Common Stock | Jul 24, 2017 | D | 407 | $87.91 | D | 1,873 | D | |
| Common StockF1 | Jul 25, 2017 | M | 311 | $0.00 | A | 2,184 | D | |
| Common Stock | Jul 25, 2017 | D | 311 | $86.94 | D | 1,873 | 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,F2 | — | Jul 24, 2017 | M | 407 | D | — | Jul 24, 2018 | Common Stock | 407 | 410 | D |
| Restricted Stock Units (DSU)F1,F3 | — | Jul 25, 2017 | M | 311 | D | — | Jul 25, 2017 | Common Stock | 311 | 0 | 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.
- F2Vests in two equal installments beginning on July 24, 2017.
- F3Vests in two equal installments beginning on July 25, 2016.