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.
OSSI
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Statement for Month/Year
April, 1998
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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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock, par value $.0|04/23/|M |-|20,001 |A |$10.00 |20,001 | | |
1 |98 | | | | | | | | |
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Common Stock, par value $.0|04/23/|S |-|20,001 |D |$39.0531 |0 | | |
1 |98 | | | | | | | | |
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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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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Stock Option (right to|$10.00 |04/23|M |-|20,001 |D |04/22|4/22/|Common Stock|20,001 |$10.00 |0 |D | |
buy) | |/98 | | | | |/94 |2004 | | | | | | |
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Phantom Stock Units |1-1 | | | | | |(1) |(1) |Common Stock|42.09 |$23.76 |42.09 |D | |
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Phantom Stock Units |1-1 | | | | | |(1) |(1) |Common Stock|179.22 |$26.504|179.22 |D | |
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Phantom Stock Units |1-1 | | | | | |(1) |(1) |Common Stock|124.53 |$30.114|124.53 |D | |
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| | | | | | | | | | | | | | |
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</TABLE>
Explanation of Responses:
(1) 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 on August 1,
2000.
SIGNATURE OF REPORTING PERSON
CHARLES H. BRIDGES
