Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Schmidt David Peter
  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 & Pres. Bonefish Grill
(Last)
(First)
(Middle)
2202 NORTH WEST SHORE BLVD., STE. 500
3. Date of Earliest Transaction (Month/Day/Year)
01/12/2018
(Street)

TAMPA, FL 33607
4. If Amendment, Date 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
(City)
(State)
(Zip)
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 01/12/2018   M   3,500 (1) A $ 6.5 7,916 D  
Common Stock 01/12/2018   S   3,500 (1) D $ 22.5 4,416 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Underlying Securities
(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 of Derivative Security: 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
Stock Option (right to buy) $ 6.5 01/12/2018   M     3,500 (1)   (2) 04/06/2020 Common Stock 3,500 $ 0 0 D  
Restricted Stock Units $ 0               (3)   (4) Common Stock 9,976   9,976 D  
Restricted Stock Units $ 0               (5)   (4) Common Stock 18,750   18,750 D  
Restricted Stock Units $ 0               (6)   (4) Common Stock 2,043   2,043 D  
Restricted Stock Units $ 0               (7)   (4) Common Stock 1,250   1,250 D  
Restricted Stock Units $ 0               (8)   (4) Common Stock 1,656   1,656 D  
Restricted Stock Units $ 0               (9)   (4) Common Stock 2,500   2,500 D  
Restricted Stock Units $ 0               (10)   (4) Common Stock 297   297 D  
Stock Option (right to buy) $ 17.27               (11) 02/24/2027 Common Stock 23,763   23,763 D  
Stock Option (right to buy) $ 17.96               (12) 08/01/2026 Common Stock 100,000   100,000 D  
Stock Option (right to buy) $ 17.8               (13) 03/01/2026 Common Stock 23,900   23,900 D  
Stock Option (right to buy) $ 17.15               (14) 02/25/2026 Common Stock 8,463   8,463 D  
Stock Option (right to buy) $ 25.36               (15) 02/26/2025 Common Stock 4,000   4,000 D  
Stock Option (right to buy) $ 25.32               (16) 02/27/2024 Common Stock 2,434   2,434 D  
Stock Option (right to buy) $ 17.4               (17) 02/26/2023 Common Stock 4,232   4,232 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Schmidt David Peter
2202 NORTH WEST SHORE BLVD., STE. 500
TAMPA, FL 33607
      EVP & Pres. Bonefish Grill  

Signatures

 Kelly Lefferts, as Attorney-in-Fact   01/16/2018
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) This transaction was effected by the reporting person pursuant to a Rule 10b5-1 trading plan that was entered into on August 11, 2017.
(2) This stock option is a replacement stock option and is fully vested.
(3) These restricted stock units, in the original grant amount of 9,976, will begin vesting in four equal annual installments on February 24, 2018.
(4) This field is not applicable.
(5) These restricted stock units, in the original grant amount of 25,000, began vesting in four equal annual installments on August 1, 2017.
(6) These restricted stock units, in the original grant amount of 2,723, began vesting in four equal annual installments on February 25, 2017.
(7) These restricted stock units, in the original grant amount of 2,500, began vesting in four equal annual installments on September 1, 2016.
(8) These restricted stock units, in the original grant amount of 3,310, began vesting in four equal annual installments on February 26, 2016.
(9) These restricted stock units, in the original grant amount of 10,000, began vesting in four equal annual installments on October 1, 2015.
(10) These restricted stock units, in the original grant amount of 1,185, began vesting in four equal annual installments on February 27, 2015.
(11) These stock options, in the original grant amount of 23,763, will begin vesting in four equal annual installments on February 24, 2018.
(12) These stock options, in the original grant amount of 100,000, began vesting in four equal annual installments on August 1, 2017.
(13) These stock options, in the original grant amount of 23,900, began vesting in two equal annual installments on March 1, 2017.
(14) These stock options, in the original grant amount of 8,463, began vesting in four equal annual installments on February 25, 2017.
(15) These stock options, in the original grant amount of 4,000, began vesting in four equal annual installments on February 26, 2016.
(16) These stock options, in the original grant amount of 2,434, began vesting in four equal annual installments on February 27, 2015.
(17) These stock options are fully vested.

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