X0201 4 2003-09-05 0 0000874691 OUTBACK STEAKHOUSE INC OSI 0001044541 WILT TOBY S 2202 NORTH WEST SHORE BLVD 5TH FLOOR TAMPA FL 33607 1 0 0 0 Common Stock, par value $.01 30000 D Phantom Stock Units ("PSU") 2003-09-05 4 A 0 8.42 37.77 A Common Stock 8.42 2657.62 D Stock Option (right to buy) 15 1998-07-23 2007-07-23 Common Stock 45000 45000 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 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; [continued in next footnote] [continued from previous footnote] (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 (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) 241 PSU accrued in 2003 at prices ranging from $33.82 to $37.77, and are each settled 100% in the Company's common stock upon cessation as a director. Currently exercisable. The option vested in three equal annual installments beginning on July 23, 1998. Joseph J. Kadow, Attorney-in-Fact 2003-09-05