Margaret Shan Atkins - 28 Dec 2021 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
Director
Signature
Anthony G. Morrow, Attorney-in-fact for Atkins, M. Shan
Issuer symbol
DRI
Transactions as of
28 Dec 2021
Net transactions value
-$317,297
Form type
4
Filing time
29 Dec 2021, 10:25:03 UTC
Previous filing
06 Oct 2021
Next filing
03 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRI Common Stock Options Exercise $154,620 +3,123 +115% $49.51 5,837 28 Dec 2021 Direct
transaction DRI Common Stock Sale $471,917 -3,123 -54% $151.11 2,714 28 Dec 2021 Direct F1

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 -3,123 -100% $0.000000* 0 28 Dec 2021 Common Stock 3,123 $49.51 Direct F2, 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 $151.03 to $151.1365. 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 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).
F3 This option vested on September 17, 2015.