Michael Kappitt Form 4 Bloomin' Brands / Michael Kappitt ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this 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^*

Kappitt Michael

(Last) (First) (Middle)

2202 NORTH WEST SHORE BOULEVARD

SUITE 500

(Street)

TAMPA FL 33607

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Bloomin' Brands, Inc. [ BLMN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
EVP & President of Carrabba's

3. Date of Earliest Transaction (Month/Day/Year)
02/10/2017

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. 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
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/10/2017		M		6,250	A	$0	25,035	D
Common Stock	02/10/2017		F		1,716	D	$0	23,319(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0.0	02/10/2017		M			6,250	(2)	(3)	Common Stock	6,250	$0	18,750	D
Restricted Stock Units	$0.0							(4)	(3)	Common Stock	6,250		6,250	D
Restricted Stock Units	$0.0							(5)	(3)	Common Stock	11,201		11,201	D
Stock Option (right to buy)	$17.8							(6)	03/01/2026	Common Stock	50,000		50,000	D
Stock Option (right to buy)	$17.15							(7)	02/25/2026	Common Stock	26,113		26,113	D
Stock Option (right to buy)	$25.36							(8)	02/26/2025	Common Stock	15,074		15,074	D
Stock Option (right to buy)	$25.32							(9)	02/27/2024	Common Stock	12,490		12,490	D
Stock Option (right to buy)	$23.87							(10)	01/02/2024	Common Stock	100,000		100,000	D
Stock Option (right to buy)	$17.4							(11)	02/26/2023	Common Stock	10,021		10,021	D
Stock Option (right to buy)	$10.03							(12)	07/05/2021	Common Stock	49,227		49,227	D

Explanation of Responses:

1. Certain of these shares represent restricted stock issued under a Bloomin' Brands, Inc. stock plan and are subject to risk of forfeiture. Of such shares, 6,250 continue to be subject to forfeiture under the plan.

2. These restricted stock units, in the original grant amount of 25,000, began vesting in four equal annual installments on February 12, 2017.

3. This field is not applicable.

4. These restricted stock units, in the original grant amount of 25,000, began vesting in four equal annual installments on January 2, 2015.

5. These restricted stock units, in the original grant amount of 11,201, will begin vesting in four equal annual installments on February 25, 2017.

6. These stock options, in the original grant amount of 50,000, will begin vesting in four equal annual installments on February 12, 2017.

7. These stock options, in the original grant amount of 26,113, will begin vesting in four equal annual installments on February 25, 2017.

8. These stock options, in the original grant amount of 15,074, began vesting in four equal annual installments on February 26, 2016.

9. These stock options, in the original grant amount of 12,490, began vesting in four equal annual installments on February 27, 2015.

10. These stock options, in the original grant amount of 100,000, began vesting in four equal annual installments on January 2, 2015.

11. These stock options, in the original grant amount of 10,021, began vesting in four equal annual installments on February 26, 2014.

12. These stock options are fully vested.

Remarks:

	/s/ Kelly Lefferts, as Attorney-in-Fact	02/13/2017
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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