SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 8, 2002
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Outback Steakhouse, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 1-15935 59-3061413
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation
2202 North Westshore Boulevard, 5th Floor
Tampa, Florida 33607
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(Address of principal executive (Zip Code)
offices)
Registrant's telephone number, including area code: (813) 282-1225
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Not applicable.
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(Former name or former address, if changed since last report)
Item 5. Other Events.
The Board of Directors of Outback Steakhouse, Inc. (the
"Company") approved an amendment to its insider trading policy on
January 23, 2002, to permit its officers and directors subject to
the Company's insider trading guidelines to enter into written
trading plans in compliance with Rule 10b5-1 under the Securities
Exchange Act of 1934, as amended.
Paul E. Avery, a director of the Company, and director and
officer of certain affiliates of the Company, entered into a stock
trading plan on November 8, 2002, in accordance with Rule 10b5-1
to exercise stock options to purchase, and upon exercise to sell,
up to 40,000 shares of the Company's common stock. The plan
provides for option exercises and subsequent sales of specified
share amounts at specific market prices, subject to specified
limitations. Option exercises and sales pursuant to this plan
begin on November 8, 2002 and terminate on May 1, 2003, unless
terminated sooner in accordance with the plan's terms. This plan
was established during the Company's trading "window." In
addition, Mr. Avery has informed the Company that he will publicly
disclose any stock exercises and stock sales made under the Rule
10b5-1 plan as required by the securities laws.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
OUTBACK STEAKHOUSE, INC.
DATED: November 8, 2002 By: /s/Joseph J. Kadow
Joseph J. Kadow, Senior Vice President,
Secretary and General Counsel