Pickens David T 4
4 · DARDEN RESTAURANTS INC · Filed Mar 29, 2012
Insider Transaction Report
Form 4
Pickens David T
SVP & President, Olive Garden
Transactions
- Exercise/Conversion
Common Stock
2012-03-27$27.27/sh+35,000$954,450→ 96,713 total - Sale
Common Stock
2012-03-27$51.28/sh−35,000$1,794,786→ 61,713 total - Exercise/Conversion
Stock Option (Right to Buy)
2012-03-27−35,000→ 0 totalExercise: $27.27From: 2004-06-19Exp: 2012-06-19→ Common Stock (35,000 underlying)
Holdings
- 686.419(indirect: Savings Plan)
Common Stock
Footnotes (3)
- [F1]This transaction was executed in multiple trades at prices ranging from $51.14 to $51.47. 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 shares reported is based on a recent plan statement and is derived from an undivided interest in a fund consisting of both Darden common stock and a small cash position that fluctuates from time to time. The number of shares reported may change based on the size of the cash position at the time of reporting and dividend reinvestments.
- [F3]This option vested in three equal annual installments beginning on the second anniversary of the grant.