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
Flom, Edward Leonard
4936 St. Croix Drive
Tampa, FL 33629
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
12/26/02
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|12/26/|G |V|2,886 |D |N/A |123,142(1) |D | |
1 |02 | | | | | | | | |
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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|(2) |(2) |Common Stock|(2) |(2) |4322.90(1)(2|D | |
| | | | | | | | | | | |) | | |
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Explanation of Responses:
(1) Represents number of shares beneficially owned immediately after the
reported transaction.
(2) Derivative securities beneficially owned as of the end of reporting period
include (i) 568.70 phantom stock units acquired in fiscal year 1997 at prices
ranging from $15.840 to $17.669 to be
settled 100% in the Company's common stock on May 1, 2003; (ii) 941.28 phantom
stock units acquired in fiscal year 1998 at prices ranging from $18.070 to
$24.697 to be settled 100% in the
Company's common stock on May 1, 2003; (iii) 693.22 phantom stock units
acquired in fiscal year 1999 at prices ranging from $25.33 to $36.68 to be
settled 100% in the Company's common stock
on May 1, 2003; (iv) 760.64 phantom stock units acquired in fiscal year 2000 at
prices ranging from $23.603 to $29.821 to be settled 100% in the Company's
common stock on May 1, 2003; (v)
767.37 phantom stock units acquired in fiscal year 2001 at prices ranging from
$24.85 to $27.98 to be settled 100% in the Company's common stock on May 1,
2003; and (vi) 591.69 phantom stock
units acquired in fiscal year 2002 at prices ranging from $28.00 to $37.38 to
be settled 100% in the Company's common stock on April 30, 2003
SIGNATURE OF REPORTING PERSON
Joseph J. Kadow, Attorney-in-Fact
DATE
December 27, 2002