0001225208-17-007075.txt : 20170331 0001225208-17-007075.hdr.sgml : 20170331 20170331173545 ACCESSION NUMBER: 0001225208-17-007075 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170331 FILED AS OF DATE: 20170331 DATE AS OF CHANGE: 20170331 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: DARDEN RESTAURANTS INC CENTRAL INDEX KEY: 0000940944 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] IRS NUMBER: 593305930 STATE OF INCORPORATION: FL FISCAL YEAR END: 0528 BUSINESS ADDRESS: STREET 1: 1000 DARDEN CENTER DRIVE CITY: ORLANDO STATE: FL ZIP: 32837 BUSINESS PHONE: 4072454000 MAIL ADDRESS: STREET 1: 1000 DARDEN CENTER DRIVE CITY: ORLANDO STATE: FL ZIP: 32837 FORMER COMPANY: FORMER CONFORMED NAME: GENERAL MILLS RESTAURANTS INC DATE OF NAME CHANGE: 19950313 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: LEE EUGENE I JR CENTRAL INDEX KEY: 0001242843 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-13666 FILM NUMBER: 17731603 MAIL ADDRESS: STREET 1: 1000 DARDEN CENTER DRIVE CITY: ORLANDO STATE: FL ZIP: 32837 4 1 doc4.xml X0306 4 2017-03-31 0000940944 DARDEN RESTAURANTS INC DRI 0001242843 LEE EUGENE I JR 1000 DARDEN CENTER DRIVE ORLANDO FL 32837 1 1 President and CEO Common Stock 2017-03-31 4 M 0 73124.0000 28.9200 A 177737.0000 D Common Stock 2017-03-31 4 M 0 25000.0000 37.8300 A 202737.0000 D Common Stock 2017-03-31 4 S 0 98124.0000 83.1858 D 104613.0000 D Stock Option (Right to Buy) 37.8300 2017-03-31 4 M 0 25000.0000 0.0000 D 2020-07-28 Common Stock 25000.0000 32676.0000 D Stock Option (Right to Buy) 28.9200 2017-03-31 4 M 0 73124.0000 0.0000 D 2019-07-29 Common Stock 73124.0000 0.0000 D This transaction was executed in multiple trades at prices ranging from $82.68 to $83.48. 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. The number of stock options was adjusted in connection with the spin-off (the Spin-Off) of Four Corners Property Trust, Inc. (FCPT) from Darden Restaurants, Inc. (Darden) on November 9, 2015. The adjustment reflects the product of (i) the number of shares subject to the stock option awards immediately prior to the Spin-Off and (ii) the ratio of (A) the pre-Spin-Off closing price on November 9, 2015 of Darden Common Stock (Darden Pre-Spin-Off Price) and (B) the difference between the Darden Pre-Spin-Off Price and the volume weighted average price of FCPT Common Stock trading on the NYSE on the trading day immediately following the distribution date (adjusted to reflect the Darden-to-FCPT pro rata share distribution ratio in the Spin-Off). This option vested in two equal annual installments beginning on the third anniversary of the grant. Jessica P. Lange, Attorney-in-fact for Lee, Eugene I. Jr. 2017-03-31