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
Fields, Debbi
1267 East Massey Road
Memphis, TN 38120
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
10/23/02
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 $.0|- |- |-|- | |- |0(1) | | |
1 | | | | | | | | | |
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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 |01/23|A |-|143.24 - |A,D|(2) |(2) |Common Stock|143.24 |$33.16 | |D | |
| |/02 | | | | | | | | | | | | |
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Phantom Stock Units |1-1 |04/24|A |-|151.04 - |A,D|(2) |(2) |Common Stock|151.04 |$34.76 | |D | |
| |/02 | | | | | | | | | | | | |
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Phantom Stock Units |1-1 |07/24|A |-|127.07 - |A,D|(2) |(2) |Common Stock|127.07 |$37.38 | |D | |
| |/02 | | | | | | | | | | | | |
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Phantom Stock Units |1-1 |08/05|A |-|13.38 - |A,D|(2) |(2) |Common Stock|13.38 |$37.38 | |D | |
| |/02 | | | | | | | | | | | | |
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Phantom Stock Units |1-1 |08/08|A |-|13.38 - |A,D|(2) |(2) |Common Stock|13.38 |$37.38 | |D | |
| |/02 | | | | | | | | | | | | |
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Phantom Stock Units |1-1 |08/13|A |-|13.38 - |A,D|(2) |(2) |Common Stock|13.38 |$37.38 | |D | |
| |/02 | | | | | | | | | | | | |
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Phantom Stock Units |1-1 |10/23|A |-|169.64 - |A,D|(2) |(2) |Common Stock|169.64 |$28.00 |3637.54(1)(3|D | |
| |/02 | | | | | | | | | |) | | |
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Explanation of Responses:
(1) Represents number of shares beneficially owned immediately after the
reported transaction.
(2) The phantom stock units were accrued under the Company's Deferred
Compensation and Stock Plan and are settled 100% in the Company's common stock
upon the reporting person's
cessation as a director of the
Company.
(3) Derivative securities beneficially owned at end of year include (i) 448.97
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 upon cessation as a director of the Company;
(ii) 439.26 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 upon cessation as a
director of the Company; (iii) 672.73 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 upon
cessation as a director of the Company; (iv) 756.99 phantom stock units
acquired in fiscal year 2000 of prices
ranging from $23.603 to $29.821, to be settled 100% in the Company's common
stock upon cessation as a director; and (v) 688.46 phantom stock units
acquired in fiscal year 2001 of prices
ranging from $24.85 to $27.98, to be settled 100% in the Company's common stock
upon cessation as a director.
SIGNATURE OF REPORTING PERSON
Debbi Fields