4//SEC Filing
Diamond Resorts International, Inc. 4
Accession 0000899243-16-028689
CIK 0001566897operating
Filed
Sep 7, 8:00 PM ET
Accepted
Sep 8, 4:41 PM ET
Size
17.1 KB
Accession
0000899243-16-028689
Insider Transaction Report
Form 4
Kraff Lowell D
Director10% Owner
Transactions
- Disposition from Tender
Common Stock
2016-09-02$30.25/sh−24,380$737,495→ 0 total(indirect: See Footnote) - Disposition to Issuer
Stock Option (right to buy)
2016-09-02$16.25/sh−1,212,585$19,704,506→ 0 totalExercise: $14.00→ Common Stock (1,212,585 underlying) - Disposition from Tender
Common Stock
2016-09-02$30.25/sh−287,686$8,702,502→ 0 total(indirect: See Footnote) - Other
Common Stock
2016-09-02$30.25/sh−1,655,766$50,086,922→ 0 total(indirect: See Footnote)
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2016-09-02$16.25/sh−1,212,585$19,704,506→ 0 totalExercise: $14.00→ Common Stock (1,212,585 underlying) - Disposition from Tender
Common Stock
2016-09-02$30.25/sh−24,380$737,495→ 0 total(indirect: See Footnote) - Other
Common Stock
2016-09-02$30.25/sh−1,655,766$50,086,922→ 0 total(indirect: See Footnote) - Disposition from Tender
Common Stock
2016-09-02$30.25/sh−287,686$8,702,502→ 0 total(indirect: See Footnote)
Transactions
- Disposition from Tender
Common Stock
2016-09-02$30.25/sh−24,380$737,495→ 0 total(indirect: See Footnote) - Other
Common Stock
2016-09-02$30.25/sh−1,655,766$50,086,922→ 0 total(indirect: See Footnote) - Disposition from Tender
Common Stock
2016-09-02$30.25/sh−287,686$8,702,502→ 0 total(indirect: See Footnote) - Disposition to Issuer
Stock Option (right to buy)
2016-09-02$16.25/sh−1,212,585$19,704,506→ 0 totalExercise: $14.00→ Common Stock (1,212,585 underlying)
Transactions
- Disposition from Tender
Common Stock
2016-09-02$30.25/sh−287,686$8,702,502→ 0 total(indirect: See Footnote) - Disposition from Tender
Common Stock
2016-09-02$30.25/sh−24,380$737,495→ 0 total(indirect: See Footnote) - Disposition to Issuer
Stock Option (right to buy)
2016-09-02$16.25/sh−1,212,585$19,704,506→ 0 totalExercise: $14.00→ Common Stock (1,212,585 underlying) - Other
Common Stock
2016-09-02$30.25/sh−1,655,766$50,086,922→ 0 total(indirect: See Footnote)
Footnotes (4)
- [F1]Directly by Best Amigos Partners LLC ("BAP") and indirectly by Lowell D. Kraff as the sole member of BAP. Mr. Kraff disclaims beneficial ownership of any of the reported securities except to the extent of his pecuniary interest therein.
- [F2]Directly by Diamond Oursurance, LLC and indirectly by Lowell D. Kraff as the sole manager of Diamond Oursurance, LLC. Mr. Kraff disclaims beneficial ownership of any of the reported securities except to the extent of his pecuniary interest therein.
- [F3]Directly by Praesumo Partners, LLC ("Praesumo") and indirectly by Lowell D. Kraff as the sole manager of Praesumo. Mr. Kraff disclaims beneficial ownership of any of the reported securities except to the extent of his pecuniary interest therein. The Common Stock 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 an amount of cash equal to the product of (i) the number of shares of Common Stock and (ii) the $30.25 merger consideration payable in the merger for each share of the Company's common stock.
- [F4]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 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.
Documents
Issuer
Diamond Resorts International, Inc.
CIK 0001566897
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001566897
Filing Metadata
- Form type
- 4
- Filed
- Sep 7, 8:00 PM ET
- Accepted
- Sep 8, 4:41 PM ET
- Size
- 17.1 KB