Ownership Submission
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

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
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 (Month/Day/Year)
08/01/2018
(Street)

TAMPA, FL 33607		 4. If Amendment, Date 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
(City)
(State)
(Zip)
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 08/01/2018   M   250,000 A $ 6.5 394,152 D  
Common Stock 08/01/2018   S   152,587 D $ 18.45 (1) 241,565 D  

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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 Underlying Securities
(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 08/01/2018   M     250,000   (2) 11/16/2019 Common Stock 250,000 $ 0 544,202 D  
Restricted Stock Units $ 0 (3)               (4)   (5) Common Stock 79,296   79,296 D  
Restricted Stock Units $ 0 (3)               (6)   (5) Common Stock 84,165   84,165 D  
Restricted Stock Units $ 0 (3)               (7)   (5) Common Stock 56,005   56,005 D  
Stock Option (right to buy) $ 24.1               (8) 02/23/2028 Common Stock 185,695   185,695 D  
Stock Option (right to buy) $ 17.27               (9) 02/24/2027 Common Stock 267,327   267,327 D  
Stock Option (right to buy) $ 17.15               (10) 02/25/2026 Common Stock 261,122   261,122 D  
Stock Option (right to buy) $ 25.36               (11) 02/26/2025 Common Stock 220,589   220,589 D  
Stock Option (right to buy) $ 25.32               (2) 02/27/2024 Common Stock 177,940   177,940 D  
Stock Option (right to buy) $ 10.03               (2) 07/01/2021 Common Stock 550,000   550,000 D  

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   08/01/2018
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Price reflected is the weighted-average sale price for shares sold. The shares were sold in multiple transactions, and the range of sale prices for the transactions reported was $18.19 to $18.65. The reporting person undertakes to provide to the issuer, any security holder of 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) These stock options are fully vested.
(3) Each restricted stock unit represents the contingent right to receive one share of common stock of the issuer upon vesting of the unit.
(4) These restricted stock units, in the original grant amount of 79,296, will begin vesting in four equal annual installments on February 23, 2019.
(5) This field is not applicable.
(6) These restricted stock units, in the original grant amount of 112,220, began vesting in four equal annual installments on February 24, 2018.
(7) These restricted stock units, in the original grant amount of 112,010, began vesting in four equal annual installments on February 25, 2017.
(8) These stock options, in the original grant amount of 185,695 will begin vesting in four equal annual installments on February 23, 2019.
(9) These stock options, in the original grant amount of 267,327, began vesting in four equal annual installments on February 24, 2018.
(10) These stock options, in the original grant amount of 261,122, began vesting in four equal annual installments beginning on February 25, 2017.
(11) These stock options, in the original grant amount of 220,589, began vesting in four equal annual installments on February 26, 2016.

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