Statement of Changes in Beneficial Ownership (4)
February 08 2021 - 11:20AM
Edgar (US Regulatory)
FORM 4
[ ]
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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3235-0287
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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
*
Kiernan Daniel J. |
2. Issuer Name and Ticker or Trading Symbol
DARDEN RESTAURANTS INC
[
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)
President, Olive Garden |
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(Last)
(First)
(Middle)
1000 DARDEN CENTER DRIVE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/5/2021 |
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(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 | 2/5/2021 | | M | | 12000.0000 | A | $42.9900 | 21512.0940 | D | |
| Common Stock | 2/5/2021 | | M | | 4198.0000 | A | $43.5800 | 25710.0940 | D | |
| Common Stock | 2/5/2021 | | S | | 16198.0000 | D | $132.7040 (1) | 9512.0940 | D | |
| Common Stock | | | | | | | | 125.4127 (2) | I | By 401k and Spouse's 401k |
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 |
| Stock Option (Right to Buy) | $42.9900 | 2/5/2021 | | M | | | 12000.0000 | (3) | 7/24/2023 | Common Stock | 12000.0000 | $0.0000 | 6790.0000 | D | |
| Stock Option (Right to Buy) | $43.5800 | 2/5/2021 | | M | | | 4198.0000 | (4) | 7/25/2022 | Common Stock | 4198.0000 | $0.0000 | 0.0000 | D | |
| Explanation of Responses: |
| (1) | This transaction was executed in multiple trades at prices ranging from $132.08 to $133.29. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide uponrequest 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. |
| (2) | Represents holdings in the unitized Darden stock fund under the company's 401(k) plan for both the reporting person and the reporting person's spouse as of plan statements dated January 31, 2021. |
| (3) | This option vested in two equal annual installments beginning July 24, 2016. |
| (4) | This option vested in two equal annual installments beginning July 25, 2015. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
Kiernan Daniel J.
1000 DARDEN CENTER DRIVE
ORLANDO, FL 32837 |
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| President, Olive Garden |
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Signatures
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| Anthony G. Morrow, Attorney-in-fact for Kiernan, Daniel J. | | 2/8/2021 |
| **Signature of Reporting Person | Date |
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