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 *

DAHL RICHARD J
2. Issuer Name and Ticker or Trading Symbol

Dine Brands Global, Inc. [ DIN ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle)

450 NORTH BRAND BOULEVARD, 7TH FLOOR
3. Date of Earliest Transaction (MM/DD/YYYY)

4/13/2021
(Street)

GLENDALE, CA 91203
(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 4/13/2021  M  5000 A$51.12 5000 D  
COMMON STOCK 4/13/2021  F  3528 (1)D$92.996 1472 D  
COMMON STOCK 4/13/2021  M  15000 A$51.12 16472 D  
COMMON STOCK         30183 I BY TRUST (2)

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 Security3. Trans. Date3A. Deemed Execution Date, if any4. 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 Date7. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
STOCK OPTION (RIGHT TO BUY) $51.12 4/13/2021  M (3)    5000   (4)3/21/2027 COMMON STOCK 5000 $0.00 42000 D  
STOCK OPTION (RIGHT TO BUY) $51.12 4/13/2021  M (5)    15000   (4)3/21/2027 COMMON STOCK 15000 $0.00 27000 D  

Explanation of Responses:
(1) Represents shares withheld by the Issuer in connection with a net settlement of a stock option exercise. Shares were withheld for the payment of the exercise price as well as withholding taxes.
(2) Shares held by Richard James Dahl as trustee for the Richard J. Dahl Revocable Living Trust dated 01/20/1995.
(3) Represents a net exercise of stock options in which the Reporting Person paid the exercise price of such options through withholding of shares by the Issuer. No shares were sold by the Reporting Person in connection with this transaction.
(4) This option to purchase shares of common stock vested as to one-third on each of March 21, 2018, 2019 and 2020.
(5) Represents a cash exercise of stock options in which the Reporting Person paid the exercise price of such options in cash. No shares were sold by the Reporting Person in connection with this transaction.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
DAHL RICHARD J
450 NORTH BRAND BOULEVARD, 7TH FLOOR
GLENDALE, CA 91203
X



Signatures
/s/ Christine K. Son as attorney-in-fact for Richard J. Dahl4/15/2021
**Signature of Reporting PersonDate

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