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
08/00
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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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|(1)(2|(1)(2|Common Stock|(1) |(1) |1,385.95(1) |D | |
| | | | | | |) |) | | | | | | |
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Explanation of Responses:
(1) Derivative securities beneficially owned as of the end of reporting period
include (i) 568.70 phantom stock units acquired in fiscal year 1997 of prices
ranging from $15.840 to $17.669 to be
settled 100% in the Company's common stock on August 1, 2003; (ii) 470.64
phantom stock units acquired in fiscal year 1998 of prices ranging from $18.070
to $24.697, and to be settled 100% in
the Company's common stock on August 1, 2003; and (iii) 346.61 phantom stock
units acquired in fiscal year 1999 of prices ranging from $25.33 to $36.68, to
be settled 100% in the Company's
common stock on August 1,
2003(2).
(2) The reporting person further deferred to August 1, 2003, the settlement of
phantom stock units with an initial settlement date of August 1, 2000.
Therefore, the phantom stock units continue to
be held under the Company's Deferred Compensation and Stock Plan and are to be
settled 100% in the Company's common stock on August 1, 2003.
SIGNATURE OF REPORTING PERSON
Charles H. Bridges
