Initial Statement of Beneficial Ownership (3)
August 13 2020 - 4:17PM
Edgar (US Regulatory)
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0104
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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
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Martin Melvin John |
2. Date of Event Requiring Statement (MM/DD/YYYY)
8/3/2020
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3. Issuer Name and Ticker or Trading Symbol
DARDEN RESTAURANTS INC [DRI]
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(Last)
(First)
(Middle)
1000 DARDEN CENTER DRIVE |
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director _____ 10% Owner
___X___ Officer (give title below) _____ Other (specify below)
President, SRG / |
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(Street)
ORLANDO, FL 32837
(City)
(State)
(Zip)
| 5. If Amendment, Date Original Filed(MM/DD/YYYY)
| 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 Beneficially Owned
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1.Title of Security
(Instr. 4) | 2. Amount of Securities Beneficially Owned
(Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5) | 4. Nature of Indirect Beneficial Ownership
(Instr. 5) |
| Common Stock | 9674.8800 | 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. 4) | 2. Date Exercisable and Expiration Date
(MM/DD/YYYY) | 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5) | 6. Nature of Indirect Beneficial Ownership
(Instr. 5) |
| Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
| Performance Restricted Stock Units (FY18) (1) | (2) | 7/26/2021 | Common Stock | 1382.0000 | (3) | D | |
| Restricted Stock Units | (4) | 7/25/2021 | Common Stock | 1065.0000 | (5) | D | |
| Restricted Stock Units | (6) | 7/29/2023 | Common Stock | 4038.0000 | (5) | D | |
| Restricted Stock Units (FY19 Annual Grant) | 7/25/2021 | 7/25/2021 | Common Stock | 1563.0000 | (5) | D | |
| Restricted Stock Units (FY20 Annual Grant) | 7/24/2022 | 7/24/2022 | Common Stock | 1679.0000 | (5) | D | |
| Restricted Stock Units (FY21 Annual Grant) | 7/29/2023 | 7/29/2023 | Common Stock | 3029.0000 | (5) | D | |
| Stock Option (Right to Buy) | (7) | 7/27/2026 | Common Stock | 9933.0000 | $59.6800 | D | |
| Stock Option (Right to Buy) | (8) | 7/29/2025 | Common Stock | 6160.0000 | $65.0200 | D | |
| Stock Option (Right to Buy) | (9) | 7/29/2030 | Common Stock | 12212.0000 | $74.2900 | D | |
| Stock Option (Right to Buy) | (10) | 7/26/2027 | Common Stock | 7673.0000 | $85.8300 | D | |
| Stock Option (Right to Buy) | (11) | 7/25/2028 | Common Stock | 9470.0000 | $107.5000 | D | |
| Stock Option (Right to Buy) | (12) | 7/24/2029 | Common Stock | 10182.0000 | $124.2400 | D | |
| Explanation of Responses: |
| (1) | On July 26, 2017, the Reporting Person was awarded 2,764 target performance restricted stock units (PSUs) subject to the achievement of performance criteria (relative total shareholder return as compared to a selectedcomparison group) from July 26, 2017 through May 31, 2020. |
| (2) | This grant vests in two equal annual installments beginning on July 26, 2020. |
| (3) | Performance restricted stock units convert into common stock on a one-for-one basis. |
| (4) | This grant vests in three equal annual installments beginning on July 25, 2019. |
| (5) | Restricted stock units convert into common stock on a one-for-one basis. |
| (6) | This grant vests in three equal annual installments beginning on July 29, 2021. |
| (7) | This option vests in two equal annual installments beginning on July 27, 2019. |
| (8) | This option vests in two equal annual installments beginning on July 29, 2018. |
| (9) | This option vests in two equal annual installments beginning on July 29, 2023. |
| (10) | This option vests in two equal annual installments beginning on July 26, 2020. |
| (11) | This option vests in two equal annual installments beginning on July 25, 2021. |
| (12) | This option vests in two equal annual installments beginning on July 24, 2022. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
Martin Melvin John
1000 DARDEN CENTER DRIVE
ORLANDO, FL 32837 |
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| President, SRG |
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Signatures
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| Jessica P. Lange, Attorney-in-fact for Martin, Melvin John | | 8/13/2020 |
| **Signature of Reporting Person | Date |
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