4//SEC Filing
DARDEN RESTAURANTS INC 4
Accession 0001225208-14-019135
$DRICIK 0000940944operating
Filed
Aug 25, 8:00 PM ET
Accepted
Aug 26, 5:00 PM ET
Size
8.7 KB
Accession
0001225208-14-019135
Insider Transaction Report
Form 4
LEDSINGER CHARLES A JR
Director
Transactions
- Award
Phantom Stock Units (Cash)
2014-08-22$47.57/sh+661.572$31,471→ 6,932.517 total→ Common Stock (661.572 underlying) - Award
Stock Option (Right to Buy)
2014-08-22$14.27/sh+2,206$31,482→ 2,206 totalExercise: $47.57From: 2015-02-22Exp: 2024-08-22→ Common Stock (2,206 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.
Documents
Issuer
DARDEN RESTAURANTS INC
CIK 0000940944
Entity typeoperating
IncorporatedFL
Related Parties
1- filerCIK 0000940944
Filing Metadata
- Form type
- 4
- Filed
- Aug 25, 8:00 PM ET
- Accepted
- Aug 26, 5:00 PM ET
- Size
- 8.7 KB