U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
[_] Check box if no longer subject to Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
--------------------------------------------------------------------------------
1. Name and Address of Reporting Person*
Donald Odie C.
--------------------------------------------------------------------------------
(Last) (First) (Middle)
5900 LAKE ELLENOR DRIVE
P.O. BOX 593330
--------------------------------------------------------------------------------
(Street)
ORLANDO FLORIDA 32859-3330
--------------------------------------------------------------------------------
(City) (State) (Zip)
--------------------------------------------------------------------------------
2. Issuer Name and Ticker or Trading Symbol
DARDEN RESTAURANTS, INC. (DRI)
--------------------------------------------------------------------------------
3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
--------------------------------------------------------------------------------
4. Statement for Month/Day/Year
02/25/2003
--------------------------------------------------------------------------------
5. If Amendment, Date of Original (Month/Day/Year)
--------------------------------------------------------------------------------
6. Relationship of Reporting Person 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
--------------------------------------------------------------------------------
================================================================================
Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
================================================================================
5.
Amount of 6.
4. Secutities Owner-
Securities Acquired (A) or Beneficially ship
2A. 3. Disposed of (D) Owned Form: 7.
Deemed Transaction (Instr. 3, 4 and 5) Following Direct Nature of
2. Execution Code ------------------------------ Reported (D) or Indirect
1. Transaction Date, if (Instr. 8) (A) Transaction(s) Indirect Beneficial
Title of Security Date any (Month/ ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Day/Year) Code V (D) and 4) (Instr.4) (Instr. 4)
------------------------------------------------------------------------------------------------------------------------------------
Common Stock 4,500 D
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Response) (Over)
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
================================================================================
9. 10.
Number Owner-
of ship
deriv- Form
2. 5. ative of
Conver- Number of 7. Secur- Deriv- 11.
sion Derivative Title & Amount ities ative Nature
or Secutities 6. of Underlying 8. Bene- Secur- of
Exer- 4. Acquired Date Securities Price ficially ity: In-
cise 3. 3A. Trans- (A)or Exercisable and (Instr.3 and 4) of Owned Direct direct
Price Trans- Deemed action Disposed Expiration Date --------------- Deriv- Following (D) or Bene-
1. of action Execution Code of (D) (Month/Day/Year) Amount ative Reported In- ficial
Title of Deriv- Date Date, if (Instr. (Instr.3, ---------------- or Secur- Trans- direct Owner-
Derivative ative Month/ any 8) 4 and 5) Date Expira- Number ity action(s) (I) ship
Security Secur- Day/ (Month ------ --------- Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Day/Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
------------------------------------------------------------------------------------------------------------------------------------
Phantom Stock Common 4,625.378
Units 1-for-1 02/25/03 A V 25.044 (1) (1) Stock 25.044 $16.97 (2) D
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
Explanation of Responses:
Note 1: The Reporting Person elected to defer a portion of the quarterly
Director's compensation under the Darden Restaurants, Inc. Compensation Plan for
Non-Employee Directors, to be paid out in Darden Restaurants, Inc. common stock
upon the reporting person's termination of board service.
Note 2: Includes phantom stock units acquired pursuant to a dividend equivalent
reinvestment feature of the Darden Restaurants, Inc. Compensation Plan for
Non-Employee Directors.
/s/ Paula J. Shives 02/27/03
--------------------------------------------- -----------------------
**Signature of Reporting Person Date
BY: PAULA J. SHIVES, Attorney-in-fact
for DONALD, ODIE C.
5900 LAKE ELLENOR DRIVE
P.O. BOX 593330
ORLANDO, FLORIDA 32859-3330
DARDEN RESTAURANTS, INC. (DRI)
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.