UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Bridges, Charles H.
5406 Millbrook Way
Palm Harbor, FL 34685
2. Issuer Name and Ticker or Trading Symbol
Outback Steakhouse, Inc.
OSI
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
08/31/02
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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Common Stock par value $.01|5/22/0|G |V|200 |D |N/A |200 |I |(1) |
|2 | | | | | | | | |
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Common Stock par value $.01|8/12/0|P |-|125 |A |$29.83 |125 |I |(2) |
|2 | | | | | | | | |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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Phantom Stock Units |1-1 |- |- |-|- - |A,D|(3) |(3) |Common Stock|(3) |(3) |1961.48(3) |D | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
(1) Owned by the Amended and Restated Revocable Trust Agreement of Helen H.
Bridges under trust dated November 22, 1999, as amended (the "Spouse Trust"),
to which Mrs. Bridges is the
sole Trustee and beneficiary of the Spouse Trust. On April 30, 2001, the
reporting person mistakenly filed a Form 4 reporting an acquisition of 200
shares beneficially owned directly by the
reporting person when in fact the 200 shares were purchased by the Amended and
Restated Revocable Trust Agreement of Charles H. Bridges under trust dated
November 22, 1999, as amended
(the "Trust"). On May 22, 2002, these shares were then gifted to Spouse Trust.
The reporting person continues to report beneficial ownership of all of the
shares held by the Spouse Trust. The
foregoing transaction is exempt from Section 16 pursuant to Rule 16b-5 as a
bona fide gift.
(2) Owned by the Trust to which the reporting person is the sole Trustee and
beneficiary of the Trust. The reporting person continues to report beneficial
ownership of all of the shares held by the
Trust.
(3) Derivative securities beneficially owned at end of reporting period include
(i) 568.70 phantom stock units accrued in fiscal year 1997 ranging in stock
prices from $15.840 to $17.669 and are
each settled 100% in the Company's common stock on August 1, 2003; (ii) 470.64
phantom stock units accrued in fiscal year 1998 ranging in stock prices from
$18.070 to $24.697, and are each
settled 100% in the Company's common stock on August 1, 2003;(iii) 346.61
phantom stock units accrued in fiscal year 1999 ranging in stock prices from
$25.33 to $36.68, and are each settled
100% in the Company's common stock on August 1, 2003; and (iv) 575.53 phantom
stock units accrued in fiscal year 2001 ranging in stock prices from $24.85 to
$27.98, and are each settled
100% in the Company's common stock on August 1,
2003.
SIGNATURE OF REPORTING PERSON
Charles H. Bridges
DATE
09/10/02