Diamond Resorts International, Inc. 4
4 · Diamond Resorts International, Inc. · Filed Sep 2, 2016
Insider Transaction Report
Form 4
Flaskey Michael
Other
Transactions
- Disposition from Tender
Common Stock
2016-09-02$30.25/sh−56,500$1,709,125→ 75,000 total - Disposition to Issuer
Stock Option (right to buy)
2016-09-02$11.65/sh−250,000$2,912,500→ 0 totalExercise: $18.60Exp: 2024-02-27→ Common Stock (250,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2016-09-02$16.25/sh−120,000$1,950,000→ 0 totalExercise: $14.00Exp: 2023-07-18→ Common Stock (120,000 underlying) - Disposition to Issuer
Common Stock
2016-09-02$30.25/sh−75,000$2,268,750→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2016-09-02$16.25/sh−135,907$2,208,489→ 0 totalExercise: $14.00Exp: 2023-07-18→ Common Stock (135,907 underlying) - Disposition to Issuer
Stock Option (right to buy)
2016-09-02−100,000→ 0 totalExercise: $32.69Exp: 2025-05-19→ Common Stock (100,000 underlying)
Footnotes (2)
- [F1]Consists of shares of restricted stock of Diamond Resorts International, Inc. (the "Company") that were each converted, promptly after the effective time of the merger contemplated by the Agreement and Plan of Merger, dated as of June 29, 2016, by and among Dakota Parent, Inc., Dakota Merger Sub, Inc., and the Company (the "Effective Time"), into the right to receive an amount in cash equal to the $30.25 consideration payable in the merger for each share of the Company's common stock (the "merger consideration"), without interest and less any applicable withholding tax.
- [F2]This option was canceled as of the Effective Time and converted into the right to receive a lump-sum cash payment promptly after the Effective Time equal to the product of (i) the number of shares underlying such option and (ii) the excess, if any, of the merger consideration over the exercise price per share of such option, without interest and less any applicable withholding tax.