SEC Form 4 · accession 0001225208-18-010916
DARDEN RESTAURANTS INC · DRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel J. Kiernan
Officer — President, Olive Garden
Period of report
Jun 25, 2018
Accepted (ET)
Jun 27, 2018 · 12:10 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 | Jun 25, 2018 | M | 6,000 | $43.58 | A | 6,715 | D | |
| Common StockF1 | Jun 25, 2018 | S | 6,000 | $107.3773 | D | 715 | 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)F2 | $43.58 | Jun 25, 2018 | M | 6,000 | D | — | Jul 25, 2022 | Common Stock | 6,000 | 16,198 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $107.3591 to $107.391. 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 option vested in two equal annual installments beginning July 25, 2015.