SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Martin John

(Last) (First) (Middle)
8215 ROSWELL ROAD
BUILDING 600

(Street)
ATLANTA GA 30350

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
RARE HOSPITALITY INTERNATIONAL INC [ RARE ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) X Other (specify below)
Vice President President-Capital Grille
3. Date of Earliest Transaction (Month/Day/Year)
05/08/2007
4. If Amendment, Date of 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
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 05/08/2007 M 2,106 A $16.02 13,471 D
Common Stock 05/08/2007 M 2,989 A $17.38 16,460 D
Common Stock 05/08/2007 M 775 A $15.61 17,235 D
Common Stock 05/08/2007 S 5,470 D $30.2 11,765 D
Common Stock 05/08/2007 S 400 D $30.25 11,365 D
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 Securities Underlying Derivative Security (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: 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
Incentive Stock Option (right to buy) $16.02 05/08/2007 M 2,060 04/01/2003(1) 04/01/2012 Common Stock 2,060 $0 0 D
Non-Qualified Stock Option (right to buy) $16.02 05/08/2007 M 46 04/01/2003(2) 04/01/2012 Common Stock 46 $0 0 D
Incentive Stock Option (right to buy) $17.38 05/08/2007 M 2,292 07/01/2003(3) 07/01/2012 Common Stock 2,292 $0 0 D
Non-Qualified Stock Option (right to buy) $17.38 05/08/2007 M 697 07/01/2003(4) 07/01/2012 Common Stock 697 $0 0 D
Incentive Stock Option (right to buy) $15.6133 05/08/2007 M 376 09/30/2003(5) 09/30/2012 Common Stock 376 $0 0 D
Non-Qualified Stock Option (right to buy) $15.6133 05/08/2007 M 399 09/30/2003(6) 09/30/2012 Common Stock 399 $0 0 D
Explanation of Responses:
1. 2,121 options vested and became exercisable on April 1, 2003; 2,060 options vested and became exercisable on April 1, 2004; and 2,060 options vested and became exercisable on April 1, 2005.
2. 15 options vested and became exercisable on April 1, 2003; 15 options vested and became exercisable on April 1, 2004; and 16 options vested and became exercisable on April 1, 2005.
3. 357 options vested and became exercisable on July 1, 2003; 1,024 options vested and became exercisable on July 1, 2004; and 1,026 options vested and became exercisable on July 1, 2005.
4. 697 options vested and became exercisable on July 1, 2003.
5. 120 options vested and became exercisable on September 30, 2004; and 256 options vested and became exercisable on September 30, 2005.
6. 263 options vested and became exercisable on September 30, 2003; and 136 options vested and became exercisable on September 30, 2004.
John Martin, by W. Douglas Benn, Attorney-in-Fact 05/10/2007
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.