GANNON JOHN TIMOTHY 4
4 · OUTBACK STEAKHOUSE INC · Filed Aug 27, 2003
Insider Transaction Report
Form 4
GANNON JOHN TIMOTHY
DirectorSr. Vice President10% Owner
Transactions
- Other
Common Stock, par value $.01
2003-08-25−4,500→ 7,304,975 total(indirect: See)
Holdings
- 375,000
Common Stock, par value $.01
- 1
Forward Sale Contract (right to sell)
Exercise: $0.00From: 2003-11-05Exp: 2003-11-05→ Common Stock (350,000 underlying)
Footnotes (3)
- [F1]Owned by Multi-Venture Partners, Ltd., a Nevada limited partnership ("MVP"). The reporting person is a limited partner in MVP. MVP transferred 4,500 shares in a non-liquidating distribution to another one of its Limited Partners. The reporting person's pecuniary interest held in MVP did not change as a result of this non-liquidating distribution.
- [F2]Not applicable.
- [F3]On November 5, 2001, the reporting person entered into a pre-paid forward sales contract. Upon the termination date, November 5, 2003, the reporting person will deliver up to 350,000 shares of common stock, based on the closing price of the common stock on that date. At the reporting person's option, he may deliver an amount in cash equal to the value of common stock to be delivered. The reporting person received proceeds of $8,911,000 pursuant to the contract.