Melvin John Martin - 28 Sep 2021 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Signature
Jessica P. Lange, Attorney-in-fact for Martin, Melvin John
Issuer symbol
DRI
Transactions as of
28 Sep 2021
Net transactions value
-$581,139
Form type
4
Filing time
29 Sep 2021, 12:00:54 UTC
Previous filing
30 Jul 2021
Next filing
23 Jun 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRI Common Stock Options Exercise $400,523 +6,160 +54% $65.02 17,608 28 Sep 2021 Direct
transaction DRI Common Stock Sale $31,977 -200 -1.1% $159.88 17,408 28 Sep 2021 Direct F1
transaction DRI Common Stock Sale $949,685 -5,960 -34% $159.34 11,448 28 Sep 2021 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DRI Stock Option (Right to Buy) Options Exercise $0 -6,160 -100% $0.000000* 0 28 Sep 2021 Common Stock 6,160 $65.02 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $159.80 to $159.97. 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.
F2 This transaction was executed in multiple trades at prices ranging from $158.80 to $159.71. 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.
F3 This option vests in two equal annual installments beginning on July 29, 2018.