DARDEN RESTAURANTS INC 4
4 · DARDEN RESTAURANTS INC · Filed Nov 26, 2013
Insider Transaction Report
Form 4
LEDSINGER CHARLES A JR
Director
Transactions
- Award
Phantom Stock Units
2013-11-22$53.87/sh+345.74$18,625→ 28,297.266 total→ Common Stock (345.74 underlying) - Award
Stock Option (Right to Buy)
2013-11-22$16.16/sh+1,153$18,632→ 1,153 totalExercise: $53.87From: 2014-05-22Exp: 2023-11-22→ Common Stock (1,153 underlying)
Holdings
- 1,505
Common Stock
Footnotes (4)
- [F1]The Reporting Person elected to defer a portion of the quarterly Director's compensation under the Darden Restaurants, Inc. Director Compensation Program, to be paid out in cash upon the reporting person's termination of board service.
- [F2]The actual conversion rate is 1-for-1. Each Phantom Stock Unit is the economic equivalent of one share of Darden common stock.
- [F3]The number of shares of phantom stock 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 also includes phantom stock acquired pursuant to dividend equivalent reinvestments.
- [F4]The Reporting Person elected to receive a portion of the quarterly cash retainer for serving as a director in the form of stock options, the number of stock options issued being the amount of cash allocated divided by the price indicated.