SEC Form 4 · accession 0001225208-18-013670
DARDEN RESTAURANTS INC · DRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James P Fogarty
Director
Period of report
Sep 19, 2018
Accepted (ET)
Sep 21, 2018 · 3:29 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 | Sep 19, 2018 | M | 1,565 | $0.00 | A | 11,434 | 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 (FY18 Director Annual Grant)F1,F2 | — | Sep 19, 2018 | M | 1,565 | D | — | — | Common Stock | 1,565 | 0 | D |
| Restricted Stock Units (FY19 Director Annual Grant)F1,F3 | — | Sep 19, 2018 | A | 1,103 | A | — | — | Common Stock | 1,103 | 1,103 | D |
Explanation of responses
- F1Restricted stock units convert into common stock on a one-for-one basis.
- F2The RSUs vest on the first to occur of one year from date of grant and the date of the next annual meeting of shareholders.
- F3The RSUs vest on the first to occur of one year from date of grant and the date of the next annual meeting of shareholders. The director has a one time option to defer settlement until their termination from the board.