Diamond Resorts International, Inc. 4
4 · Diamond Resorts International, Inc. · Filed Sep 6, 2016
Insider Transaction Report
Form 4
WARREN ZACHARY D
DirectorOther
Transactions
- Disposition from Tender
Common Stock, $0.01 par value per share
2016-09-01$30.25/sh−23,356$706,519→ 12,343 total - Disposition to Issuer
Common Stock, $0.01 par value per share
2016-09-02$30.25/sh−12,343$373,376→ 0 total
Footnotes (2)
- [F1]These shares of Common Stock were tendered in the tender offer launched by Dakota Merger Sub, Inc. on July 14, 2016, pursuant to the Agreement and Plan of Merger, dated as of June 29, 2016, by and among the Issuer, Dakota Parent, Inc. and Dakota Merger Sub, Inc. (the "Merger Agreement"), to purchase all of the issued and outstanding shares of the Issuer's Common Stock at a purchase price of $30.25 per share, net to the holders thereof, payable in cash, without interest, less any applicable tax withholding.
- [F2]Pursuant to the Merger Agreement, upon closing of the merger on September 2, 2016, these shares of Common Stock (which include 3,392 shares of deferred stock, 1,304 shares of unvested restricted stock, and 6,691 shares underlying restricted stock units, which become fully vested upon closing of the merger) were cancelled in exchange for a cash payment from the Issuer.