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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

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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

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.
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.
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.
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.
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.
The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.