4 2003-06-06 0 0000874691 OUTBACK STEAKHOUSE INC OSI 0001044541 WILT TOBY S 1 0 0 0 Phantom Stock Units ("PSU") 0 2003-06-06 4 A 0 9.12 33.82 A 1988-08-08 1988-08-08 Common Stock 9.12 2579.71 D The security converts to common stock on a one-to-one basis. Shares reflect acquisition of additional PSU per reinvestment of dividends under the Company's Plan. The date provided is a "dummy date" used pursuant to instructions from SEC staff. The PSU were accrued under the Company's Deferred Compensation and Stock Plan ("Plan") and are settled 100% in the Company's common stock upon cessation as a director. Derivative securities beneficially owned at end of year include: (i) 568.70 PSU accrued in 1997 at prices ranging from $15.840 to $17.669, and are each settled 100% in the Company's common stock on January 1, 2007; (ii) 416.68 PSU accrued in 1998 at prices ranging from $18.070 to $24.697, and are each settled 100% in the Company's common stock on January 1, 2007; (iii) 336.37 PSU accrued in 1999 at prices ranging from $25.33 to $36.68, and are each settled 100% in the Company's common stock on January 1, 2009; (iv) 378.49 PSU accrued in 2000 at prices ranging from $23.603 to $29.821, and are each settled 100% in the Company's common stock upon cessation as a director; (v) 374.41 PSU accrued in 2001 at prices ranging from $24.85 to $27.98, and are each settled 100% in the Company's common stock upon cessation as a director; [continued in footnote 5] [continued from footnote 4] (vi) 333.57 PSU accrued in 2002 at prices ranging from $28.00 to $37.38, and are each settled 100% in the Company's common stock upon cessation as a director; and (vii) 162.38 PSU accrued in 2003 at prices ranging from $33.82 to $34.54, and are each settled 100% in the Company's common stock upon cessation as a director. Joseph J. Kadow, Attorney-in-Fact 2003-06-10