Statement of Changes in Beneficial Ownership (4)
July 28 2020 - 6:52PM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Cardenas Ricardo |
2. Issuer Name and Ticker or Trading Symbol
DARDEN RESTAURANTS INC
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DRI
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) SVP Chief Financial Officer |
(Last)
(First)
(Middle)
1000 DARDEN CENTER DRIVE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
7/26/2020 |
(Street)
ORLANDO, FL 32837
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 7/26/2020 | | M | | 3784.0000 | A | $0 (1) | 26216.1740 | D | |
Common Stock | 7/26/2020 | | M | | 3455.0000 | A | $0 (2) | 29671.1740 | D | |
Common Stock | 7/26/2020 | | F | | 1264.0000 | D | $78.6400 | 28407.1740 | D | |
Common Stock | 7/26/2020 | | F | | 1360.0000 | D | $78.6400 | 27047.1740 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Performance Restricted Stock Units (FY18) | (1) | 7/26/2020 | | M | | | 3784.0000 (3) | (4) | 6/26/2021 (5) | Common Stock | 3784.0000 | $0.0000 | 3455.0000 | D | |
Restricted Stock Units (FY18 Annual Grant) | (2) | 7/26/2020 | | M | | | 3455.0000 | 7/26/2020 | 7/26/2020 | Common Stock | 3455.0000 | $0.0000 | 0.0000 | D | |
Explanation of Responses: |
(1) | Performance restricted stock units convert into common stock on a one-for-one basis. |
(2) | Restricted stock units convert into common stock on a one-for-one basis. |
(3) | Includes 330 additional shares delivered as dividend equivalents upon settlement pursuant to the terms of the applicable award agreement. Fractional shares are settled in cash pursuant to the terms of the award agreement. |
(4) | This grant vests in two equal annual installments beginning on July 26, 2020. |
(5) | The award expires on July 26, 2021. The June 26, 2021 original expiration date was reported in error. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Cardenas Ricardo 1000 DARDEN CENTER DRIVE ORLANDO, FL 32837 |
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| SVP Chief Financial Officer |
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Signatures
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Jessica P. Lange, Attorney-in-fact for Cardenas, Ricardo | | 7/28/2020 |
**Signature of Reporting Person | Date |
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