4//SEC Filing
Diamond Resorts International, Inc. 4
Accession 0000899243-16-025249
CIK 0001566897operating
Filed
Jul 17, 8:00 PM ET
Accepted
Jul 18, 5:45 PM ET
Size
26.7 KB
Accession
0000899243-16-025249
Insider Transaction Report
Form 4
Transactions
- Exercise of In-Money
Call Option (right to buy)
2016-07-18−1,511,808→ 0 total(indirect: See Footnote)Exercise: $12.56Exp: 2016-07-21→ Common Stock (1,511,808 underlying) - Exercise of In-Money
Common Stock
2016-07-18$12.56/sh+143,958$1,808,112→ 1,655,766 total(indirect: See Footnote) - Exercise of In-Money
Call Option (right to buy)
2016-07-18−143,958→ 0 total(indirect: See Footnote)Exercise: $12.56Exp: 2016-07-21→ Common Stock (143,958 underlying) - Sale
Common Stock
2016-07-14$30.19/sh−28,129$849,192→ 0 total(indirect: See Footnote) - Sale
Common Stock
2016-07-15$30.16/sh−35,616$1,074,000→ 67,149 total(indirect: See Footnote) - Exercise of In-Money
Common Stock
2016-07-18$12.56/sh+1,511,808$18,988,308→ 1,511,808 total(indirect: See Footnote)
Holdings
- 1,168,277(indirect: See Footnote)
Common Stock
- 287,686(indirect: See Footnote)
Common Stock
LDK Holdco, LLC
Other
Transactions
- Exercise of In-Money
Call Option (right to buy)
2016-07-18−143,958→ 0 total(indirect: See Footnote)Exercise: $12.56Exp: 2016-07-21→ Common Stock (143,958 underlying) - Sale
Common Stock
2016-07-14$30.19/sh−28,129$849,192→ 0 total(indirect: See Footnote) - Exercise of In-Money
Common Stock
2016-07-18$12.56/sh+143,958$1,808,112→ 1,655,766 total(indirect: See Footnote) - Exercise of In-Money
Call Option (right to buy)
2016-07-18−1,511,808→ 0 total(indirect: See Footnote)Exercise: $12.56Exp: 2016-07-21→ Common Stock (1,511,808 underlying) - Exercise of In-Money
Common Stock
2016-07-18$12.56/sh+1,511,808$18,988,308→ 1,511,808 total(indirect: See Footnote) - Sale
Common Stock
2016-07-15$30.16/sh−35,616$1,074,000→ 67,149 total(indirect: See Footnote)
Holdings
- 287,686(indirect: See Footnote)
Common Stock
- 1,168,277(indirect: See Footnote)
Common Stock
Transactions
- Exercise of In-Money
Common Stock
2016-07-18$12.56/sh+1,511,808$18,988,308→ 1,511,808 total(indirect: See Footnote) - Sale
Common Stock
2016-07-15$30.16/sh−35,616$1,074,000→ 67,149 total(indirect: See Footnote) - Exercise of In-Money
Common Stock
2016-07-18$12.56/sh+143,958$1,808,112→ 1,655,766 total(indirect: See Footnote) - Sale
Common Stock
2016-07-14$30.19/sh−28,129$849,192→ 0 total(indirect: See Footnote) - Exercise of In-Money
Call Option (right to buy)
2016-07-18−143,958→ 0 total(indirect: See Footnote)Exercise: $12.56Exp: 2016-07-21→ Common Stock (143,958 underlying) - Exercise of In-Money
Call Option (right to buy)
2016-07-18−1,511,808→ 0 total(indirect: See Footnote)Exercise: $12.56Exp: 2016-07-21→ Common Stock (1,511,808 underlying)
Holdings
- 1,168,277(indirect: See Footnote)
Common Stock
- 287,686(indirect: See Footnote)
Common Stock
Kraff Lowell D
Director10% Owner
Transactions
- Sale
Common Stock
2016-07-14$30.19/sh−28,129$849,192→ 0 total(indirect: See Footnote) - Exercise of In-Money
Common Stock
2016-07-18$12.56/sh+143,958$1,808,112→ 1,655,766 total(indirect: See Footnote) - Exercise of In-Money
Call Option (right to buy)
2016-07-18−1,511,808→ 0 total(indirect: See Footnote)Exercise: $12.56Exp: 2016-07-21→ Common Stock (1,511,808 underlying) - Exercise of In-Money
Common Stock
2016-07-18$12.56/sh+1,511,808$18,988,308→ 1,511,808 total(indirect: See Footnote) - Exercise of In-Money
Call Option (right to buy)
2016-07-18−143,958→ 0 total(indirect: See Footnote)Exercise: $12.56Exp: 2016-07-21→ Common Stock (143,958 underlying) - Sale
Common Stock
2016-07-15$30.16/sh−35,616$1,074,000→ 67,149 total(indirect: See Footnote)
Holdings
- 1,168,277(indirect: See Footnote)
Common Stock
- 287,686(indirect: See Footnote)
Common Stock
Transactions
- Sale
Common Stock
2016-07-15$30.16/sh−35,616$1,074,000→ 67,149 total(indirect: See Footnote) - Exercise of In-Money
Call Option (right to buy)
2016-07-18−1,511,808→ 0 total(indirect: See Footnote)Exercise: $12.56Exp: 2016-07-21→ Common Stock (1,511,808 underlying) - Exercise of In-Money
Common Stock
2016-07-18$12.56/sh+1,511,808$18,988,308→ 1,511,808 total(indirect: See Footnote) - Exercise of In-Money
Call Option (right to buy)
2016-07-18−143,958→ 0 total(indirect: See Footnote)Exercise: $12.56Exp: 2016-07-21→ Common Stock (143,958 underlying) - Exercise of In-Money
Common Stock
2016-07-18$12.56/sh+143,958$1,808,112→ 1,655,766 total(indirect: See Footnote) - Sale
Common Stock
2016-07-14$30.19/sh−28,129$849,192→ 0 total(indirect: See Footnote)
Holdings
- 1,168,277(indirect: See Footnote)
Common Stock
- 287,686(indirect: See Footnote)
Common Stock
Footnotes (8)
- [F1]The price reported in Column 4 is a weighted average price. The shares were sold by Praesumo Partners, LLC ("Praesumo") in multiple transactions on July 14, 2016 at prices ranging from $30.18 to $30.205, inclusive. The reporting person undertakes to provide to Diamond Resorts International, Inc., any security holder of Diamond Resorts International, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F2]Directly by Praesumo Partners, LLC and indirectly by Lowell D. Kraff as the managing member of Praesumo. Mr. Kraff disclaims beneficial ownership of any of the reported securities except to the extent of his pecuniary interest therein.
- [F3]The price reported in Column 4 is a weighted average price. The shares were sold by LDK Holdco, LLC ("LDK") in multiple transactions on July 15, 2016 at prices ranging from $30.15 to $30.17, inclusive. The reporting person undertakes to provide to Diamond Resorts International, Inc., any security holder of Diamond Resorts International, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F4]Directly by LDK and indirectly by Mr. Kraff, as sole member of LDK. Mr. Kraff disclaims beneficial ownership of any of the reported securities except to the extent of his pecuniary interest therein.
- [F5]Directly by Best Amigos Partners, LLC ("BAP") and indirectly by Mr. Kraff as sole manager of BAP. Mr. Kraff disclaims beneficial ownership of any of the reported securities except to the extent of his pecuniary interest therein.
- [F6]Directly by Diamond Oursurance, LLC ("Oursurance") and indirectly by Mr. Kraff as sole manager of Oursurance. Mr. Kraff disclaims beneficial ownership of any of the reported securities except to the extent of his pecuniary interest therein.
- [F7]Reflects a fully-exercisable call option, dated as of July 11, 2016 (the "DRPH Call Option"), to purchase 1,511,808 shares of Common Stock from DRP Holdco LLC ("DRPH"), which option was received pursuant to a pro-rata distribution from 1818 Partners, LLC to its members, including Praesumo. In prior reports, each of Mr. Kraff and Praesumo reported indirect beneficial ownership of a fully-exercisable call option effective as of July 21, 2011, to purchase 4,535,426 shares of Common Stock at an exercise price of $12.56 per share and, in each case, Mr. Kraff and Praesumo disclaimed beneficial ownership of the reported securities to the extent of his or its pecuniary interest therein. The distribution did not effect any change in the pecuniary interest of Mr. Kraff or Praesumo in the DRPH Call Option.
- [F8]Reflects a fully-exercisable call option, dated as of July 11, 2016, to purchase 143,958 shares of Common Stock from third parties, which option was received pursuant to a pro-rata distribution from 1818 Partners, LLC to its members, including Praesumo. In prior reports, each of Mr. Kraff and Praesumo reported indirect beneficial ownership of a fully-exercisable call option effective as of July 21, 2011 (the "Third Party Call Option"), to purchase 431,875 shares of Common Stock at an exercise price of $12.56 per share and, in each case, Mr. Kraff and Praesumo disclaimed beneficial ownership of the reported securities to the extent of his or its pecuniary interest therein. The distribution did not effect any change in the pecuniary interest of Mr. Kraff or Praesumo in the Third Party Call Option.
Documents
Issuer
Diamond Resorts International, Inc.
CIK 0001566897
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001566897
Filing Metadata
- Form type
- 4
- Filed
- Jul 17, 8:00 PM ET
- Accepted
- Jul 18, 5:45 PM ET
- Size
- 26.7 KB