Diamond Resorts International, Inc. 4
4 · Diamond Resorts International, Inc. · Filed Sep 2, 2016
Insider Transaction Report
Form 4
Lanznar Howard S
EVP and CAOOther
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2016-09-02$11.65/sh−500,000$5,825,000→ 0 totalExercise: $18.60Exp: 2024-02-27→ Common Stock (500,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2016-09-02$16.25/sh−543,630$8,833,988→ 0 totalExercise: $14.00Exp: 2023-07-18→ Common Stock (543,630 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) - Gift
Common Stock
2016-08-01−50,000→ 67,231 total - Disposition from Tender
Common Stock
2016-09-02$30.25/sh−67,231$2,033,738→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2016-09-02$16.25/sh−200,000$3,250,000→ 0 totalExercise: $14.00Exp: 2023-07-18→ Common Stock (200,000 underlying)
Footnotes (1)
- [F1]This option was canceled as of 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 Diamond Resorts International, Inc. (the "Company") (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 $30.25 merger consideration payable in the merger for each share of the Company's common stock over the exercise price per share of such option, without interest and less any applicable withholding tax.