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
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

SMITH ELIZABETH A 		2. Issuer Name and Ticker or Trading Symbol

Bloomin' Brands, Inc. [ BLMN ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chairman and CEO
(Last)          (First)          (Middle)

2202 NORTH WEST SHORE BLVD, SUITE 500 		3. Date of Earliest Transaction (MM/DD/YYYY)

5/1/2017
(Street)

TAMPA, FL 33607
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   5/1/2017     M    125000   A $6.50   206235   D    
Common Stock   5/1/2017     S    125000   D $21.94   (1) 81235   D    
Common Stock   5/2/2017     M    150000   A $6.50   231235   D    
Common Stock   5/2/2017     S    150000   D $21.70   (2) 81235   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 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   5/1/2017     M         125000      (3) 11/16/2019   Common Stock   125000.0   $0   3187424   D    
Stock Option (right to buy)   $6.5   5/2/2017     M         150000      (3) 11/16/2019   Common Stock   150000.0   $0   3037424   D    
Restricted Stock Units   $0.0                      (4)   (5) Common Stock   112220.0     112220   D    
Restricted Stock Units   $0.0                      (6)   (5) Common Stock   84008.0     84008   D    
Stock Option (right to buy)   $17.27                      (7) 2/24/2027   Common Stock   267327.0     267327   D    
Stock Option (right to buy)   $17.15                      (8) 2/25/2026   Common Stock   261122.0     261122   D    
Stock Option (right to buy)   $25.36                      (9) 2/26/2025   Common Stock   220589.0     220589   D    
Stock Option (right to buy)   $25.32                      (10) 2/27/2024   Common Stock   177940.0     177940   D    
Stock Option (right to buy)   $10.03                      (3) 7/1/2021   Common Stock   550000.0     550000   D    

Explanation of Responses:
(1)  Price reflected is the weighted-average sales price for the shares sold. The shares were sold in multiple transactions, and the range of sale prices for the transaction reported was $21.875 to $22.060. The reporting person undertakes to provide to the issuer, or any staff member of the Securities and Exchange Commission, upon request, information regarding the number of shares sold at each separate price.
(2)  Price reflected is the weighted-average sales price for the shares sold. The shares were sold in multiple transactions, and the range of sale prices for the transaction reported was $21.565 to $22.020. The reporting person undertakes to provide to the issuer, or any staff member of the Securities and Exchange Commission, upon request, information regarding the number of shares sold at each separate price.
(3)  These stock options are fully vested.
(4)  These restricted stock units, in the original grant amount of 112,220, will begin vesting in four equal annual installments on February 24, 2018.
(5)  This field is not applicable.
(6)  These restricted stock units, in the original grant amount of 112,010, began vesting in four equal annual installments on February 25, 2017.
(7)  These stock options, in the original grant amount of 267,327, will begin vesting in four equal annual installments on February 24, 2018.
(8)  These stock options, in the original grant amount of 261,122, began vesting in four equal annual installments beginning on February 25, 2017.
(9)  These stock options, in the original grant amount of 220,589, began vesting in four equal annual installments on February 26, 2016.
(10)  These stock options, in the original grant amount of 177,940, began vesting in four equal annual installments on February 27, 2015.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
SMITH ELIZABETH A
2202 NORTH WEST SHORE BLVD
SUITE 500
TAMPA, FL 33607 		X
Chairman and CEO

Signatures
/s/ Kelly Lefferts, as Attorney-in-Fact 5/2/2017
** 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 control number.
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