Filing Details

Accession Number:
0000921895-16-003778
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-03-18 20:30:52
Reporting Period:
2016-03-16
Filing Date:
2016-03-18
Accepted Time:
2016-03-18 20:30:52
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
940944 Darden Restaurants Inc DRI Retail-Eating Places (5812) 593305930
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1362697 C Jeffrey Smith 777 Third Avenue, 18Th Floor
New York NY 10017
Yes No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2016-03-16 82 $67.95 2,723,229 No 4 S Indirect By Managed Accounts of Starboard Value LP
Common Stock Disposition 2016-03-16 60 $67.95 1,984,383 No 4 S Indirect By Starboard Leaders Delta LLC
Common Stock Disposition 2016-03-16 5 $67.95 182,511 No 4 S Indirect By Starboard Value and Opportunity C LP
Common Stock Disposition 2016-03-16 44 $67.95 1,455,568 No 4 S Indirect By Starboard Value and Opportunity Master Fund Ltd
Common Stock Disposition 2016-03-16 10 $67.95 332,967 No 4 S Indirect By Starboard Value and Opportunity S LLC
Common Stock Disposition 2016-03-17 15,877 $67.96 2,707,352 No 4 S Indirect By Managed Accounts of Starboard Value LP
Common Stock Disposition 2016-03-17 11,570 $67.96 1,972,813 No 4 S Indirect By Starboard Leaders Delta LLC
Common Stock Disposition 2016-03-17 1,064 $67.96 181,447 No 4 S Indirect By Starboard Value and Opportunity C LP
Common Stock Disposition 2016-03-17 8,486 $67.96 1,447,082 No 4 S Indirect By Starboard Value and Opportunity Master Fund Ltd
Common Stock Disposition 2016-03-17 1,941 $67.96 331,026 No 4 S Indirect By Starboard Value and Opportunity S LLC
Common Stock Disposition 2016-03-18 10,080 $67.91 2,697,272 No 4 S Indirect By Managed Accounts of Starboard Value LP
Common Stock Disposition 2016-03-18 7,345 $67.91 1,965,468 No 4 S Indirect By Starboard Leaders Delta LLC
Common Stock Disposition 2016-03-18 675 $67.91 180,772 No 4 S Indirect By Starboard Value and Opportunity C LP
Common Stock Disposition 2016-03-18 5,388 $67.91 1,441,694 No 4 S Indirect By Starboard Value and Opportunity Master Fund Ltd
Common Stock Disposition 2016-03-18 1,232 $67.91 329,794 No 4 S Indirect By Starboard Value and Opportunity S LLC
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect By Managed Accounts of Starboard Value LP
No 4 S Indirect By Starboard Leaders Delta LLC
No 4 S Indirect By Starboard Value and Opportunity C LP
No 4 S Indirect By Starboard Value and Opportunity Master Fund Ltd
No 4 S Indirect By Starboard Value and Opportunity S LLC
No 4 S Indirect By Managed Accounts of Starboard Value LP
No 4 S Indirect By Starboard Leaders Delta LLC
No 4 S Indirect By Starboard Value and Opportunity C LP
No 4 S Indirect By Starboard Value and Opportunity Master Fund Ltd
No 4 S Indirect By Starboard Value and Opportunity S LLC
No 4 S Indirect By Managed Accounts of Starboard Value LP
No 4 S Indirect By Starboard Leaders Delta LLC
No 4 S Indirect By Starboard Value and Opportunity C LP
No 4 S Indirect By Starboard Value and Opportunity Master Fund Ltd
No 4 S Indirect By Starboard Value and Opportunity S LLC
Footnotes
  1. Shares held in certain accounts managed by Starboard Value LP (the "Managed Accounts"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP LLC ("Starboard Value GP"), the general partner of Starboard Value LP, and as a member and member of the Management Committee of Starboard Principal Co GP LLC ("Principal GP"), the general partner of the member of Starboard Value GP, may be deemed to beneficially own the shares held in the Managed Accounts for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
  2. Shares owned directly by Starboard Leaders Delta LLC ("Starboard Delta LLC"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP, the general partner of the investment manager of Starboard Delta LLC, and as a member and member of the Management Committee of Principal GP, the general partner of the member of Starboard Value GP, may be deemed to beneficially own the shares owned directly by Starboard Delta LLC for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
  3. Shares owned directly by Starboard Value and Opportunity C LP ("Starboard C LP"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP, the general partner of the investment manager of Starboard C LP, and as a member and member of the Management Committee of Principal GP, the general partner of the member of Starboard Value GP, may be deemed to beneficially own the shares owned directly by Starboard C LP for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
  4. Shares owned directly by Starboard Value and Opportunity Master Fund Ltd ("Starboard V&O Fund"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP, the general partner of the investment manager of Starboard V&O Fund, and as a member and member of the Management Committee of Principal GP, the general partner of the member of Starboard Value GP, may be deemed to beneficially own the shares owned directly by Starboard V&O Fund for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
  5. Shares owned directly by Starboard Value and Opportunity S LLC ("Starboard S LLC"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP, the general partner of the manager of Starboard S LLC, and as a member and member of the Management Committee of Principal GP, the general partner of the member of Starboard Value GP, may be deemed to beneficially own the shares owned directly by Starboard S LLC for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
  6. The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.