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Diamond Resorts International, Inc. 4

Accession 0001140361-16-072832

CIK 0001566897operating
View on SEC.govCompany Profile

Filed

Jul 18, 8:00 PM ET

Accepted

Jul 19, 6:54 PM ET

Size

27.7 KB

Accession

0001140361-16-072832

Insider Transaction Report

Form 4
Period: 2016-07-15
Diamond Resorts International, Inc.DRII
Guggenheim Partners Investment Management Holdings, LLC
10% Owner
Transactions
  • Exercise of In-Money

    Common Stock, $0.01 par value per share

    2016-07-15$12.56/sh−1,511,808$18,988,308→ 7,055,085 total(indirect: See Footnotes)
  • Exercise of In-Money

    Common Stock, $0.01 par value per share

    2016-07-18$12.56/sh−1,511,808$18,988,308→ 6,173,281 total(indirect: See Footnotes)
  • Expiration

    Call Option (Obligation to Sell)

    2016-07-11−2→ 4,535,424 total(indirect: See Footnotes)
    Exercise: $12.56From: 2011-07-21Exp: 2016-07-21→ Common Stock, $0.01 par value per share (2 underlying)
  • Exercise of In-Money

    Call Option (Obligation to Sell)

    2016-07-15−1,511,808→ 3,023,616 total(indirect: See Footnotes)
    Exercise: $12.56From: 2011-07-21Exp: 2016-07-21→ Common Stock, $0.01 par value per share (1,511,808 underlying)
  • Purchase

    Common Stock, $0.01 par value per share

    2016-07-15$30.14/sh+630,004$18,988,321→ 7,685,089 total(indirect: See Footnotes)
  • Exercise of In-Money

    Call Option (Obligation to Sell)

    2016-07-15−1,511,808→ 1,511,808 total(indirect: See Footnotes)
    Exercise: $12.56From: 2011-07-21Exp: 2016-07-21→ Common Stock, $0.01 par value per share (1,511,808 underlying)
  • Exercise of In-Money

    Call Option (Obligation to Sell)

    2016-07-18−1,511,808→ 0 total(indirect: See Footnotes)
    Exercise: $12.56From: 2011-07-21Exp: 2016-07-21→ Common Stock, $0.01 par value per share (1,511,808 underlying)
  • Exercise of In-Money

    Common Stock, $0.01 par value per share

    2016-07-15$12.56/sh−1,511,808$18,988,308→ 7,936,889 total(indirect: See Footnotes)
  • Purchase

    Common Stock, $0.01 par value per share

    2016-07-15$30.14/sh+630,004$18,988,321→ 8,566,893 total(indirect: See Footnotes)
GUGGENHEIM CAPITAL LLC
10% Owner
Transactions
  • Purchase

    Common Stock, $0.01 par value per share

    2016-07-15$30.14/sh+630,004$18,988,321→ 8,566,893 total(indirect: See Footnotes)
  • Expiration

    Call Option (Obligation to Sell)

    2016-07-11−2→ 4,535,424 total(indirect: See Footnotes)
    Exercise: $12.56From: 2011-07-21Exp: 2016-07-21→ Common Stock, $0.01 par value per share (2 underlying)
  • Purchase

    Common Stock, $0.01 par value per share

    2016-07-15$30.14/sh+630,004$18,988,321→ 7,685,089 total(indirect: See Footnotes)
  • Exercise of In-Money

    Common Stock, $0.01 par value per share

    2016-07-18$12.56/sh−1,511,808$18,988,308→ 6,173,281 total(indirect: See Footnotes)
  • Exercise of In-Money

    Call Option (Obligation to Sell)

    2016-07-15−1,511,808→ 1,511,808 total(indirect: See Footnotes)
    Exercise: $12.56From: 2011-07-21Exp: 2016-07-21→ Common Stock, $0.01 par value per share (1,511,808 underlying)
  • Exercise of In-Money

    Common Stock, $0.01 par value per share

    2016-07-15$12.56/sh−1,511,808$18,988,308→ 7,936,889 total(indirect: See Footnotes)
  • Exercise of In-Money

    Common Stock, $0.01 par value per share

    2016-07-15$12.56/sh−1,511,808$18,988,308→ 7,055,085 total(indirect: See Footnotes)
  • Exercise of In-Money

    Call Option (Obligation to Sell)

    2016-07-15−1,511,808→ 3,023,616 total(indirect: See Footnotes)
    Exercise: $12.56From: 2011-07-21Exp: 2016-07-21→ Common Stock, $0.01 par value per share (1,511,808 underlying)
  • Exercise of In-Money

    Call Option (Obligation to Sell)

    2016-07-18−1,511,808→ 0 total(indirect: See Footnotes)
    Exercise: $12.56From: 2011-07-21Exp: 2016-07-21→ Common Stock, $0.01 par value per share (1,511,808 underlying)
Guggenheim Partners, LLC
10% Owner
Transactions
  • Purchase

    Common Stock, $0.01 par value per share

    2016-07-15$30.14/sh+630,004$18,988,321→ 8,566,893 total(indirect: See Footnotes)
  • Exercise of In-Money

    Common Stock, $0.01 par value per share

    2016-07-15$12.56/sh−1,511,808$18,988,308→ 7,055,085 total(indirect: See Footnotes)
  • Expiration

    Call Option (Obligation to Sell)

    2016-07-11−2→ 4,535,424 total(indirect: See Footnotes)
    Exercise: $12.56From: 2011-07-21Exp: 2016-07-21→ Common Stock, $0.01 par value per share (2 underlying)
  • Exercise of In-Money

    Call Option (Obligation to Sell)

    2016-07-15−1,511,808→ 1,511,808 total(indirect: See Footnotes)
    Exercise: $12.56From: 2011-07-21Exp: 2016-07-21→ Common Stock, $0.01 par value per share (1,511,808 underlying)
  • Exercise of In-Money

    Call Option (Obligation to Sell)

    2016-07-15−1,511,808→ 3,023,616 total(indirect: See Footnotes)
    Exercise: $12.56From: 2011-07-21Exp: 2016-07-21→ Common Stock, $0.01 par value per share (1,511,808 underlying)
  • Purchase

    Common Stock, $0.01 par value per share

    2016-07-15$30.14/sh+630,004$18,988,321→ 7,685,089 total(indirect: See Footnotes)
  • Exercise of In-Money

    Common Stock, $0.01 par value per share

    2016-07-15$12.56/sh−1,511,808$18,988,308→ 7,936,889 total(indirect: See Footnotes)
  • Exercise of In-Money

    Call Option (Obligation to Sell)

    2016-07-18−1,511,808→ 0 total(indirect: See Footnotes)
    Exercise: $12.56From: 2011-07-21Exp: 2016-07-21→ Common Stock, $0.01 par value per share (1,511,808 underlying)
  • Exercise of In-Money

    Common Stock, $0.01 par value per share

    2016-07-18$12.56/sh−1,511,808$18,988,308→ 6,173,281 total(indirect: See Footnotes)
Guggenheim Partners Investment Management, LLC
10% Owner
Transactions
  • Exercise of In-Money

    Common Stock, $0.01 par value per share

    2016-07-18$12.56/sh−1,511,808$18,988,308→ 6,173,281 total(indirect: See Footnotes)
  • Exercise of In-Money

    Call Option (Obligation to Sell)

    2016-07-15−1,511,808→ 3,023,616 total(indirect: See Footnotes)
    Exercise: $12.56From: 2011-07-21Exp: 2016-07-21→ Common Stock, $0.01 par value per share (1,511,808 underlying)
  • Exercise of In-Money

    Common Stock, $0.01 par value per share

    2016-07-15$12.56/sh−1,511,808$18,988,308→ 7,936,889 total(indirect: See Footnotes)
  • Purchase

    Common Stock, $0.01 par value per share

    2016-07-15$30.14/sh+630,004$18,988,321→ 8,566,893 total(indirect: See Footnotes)
  • Exercise of In-Money

    Call Option (Obligation to Sell)

    2016-07-18−1,511,808→ 0 total(indirect: See Footnotes)
    Exercise: $12.56From: 2011-07-21Exp: 2016-07-21→ Common Stock, $0.01 par value per share (1,511,808 underlying)
  • Exercise of In-Money

    Common Stock, $0.01 par value per share

    2016-07-15$12.56/sh−1,511,808$18,988,308→ 7,055,085 total(indirect: See Footnotes)
  • Purchase

    Common Stock, $0.01 par value per share

    2016-07-15$30.14/sh+630,004$18,988,321→ 7,685,089 total(indirect: See Footnotes)
  • Expiration

    Call Option (Obligation to Sell)

    2016-07-11−2→ 4,535,424 total(indirect: See Footnotes)
    Exercise: $12.56From: 2011-07-21Exp: 2016-07-21→ Common Stock, $0.01 par value per share (2 underlying)
  • Exercise of In-Money

    Call Option (Obligation to Sell)

    2016-07-15−1,511,808→ 1,511,808 total(indirect: See Footnotes)
    Exercise: $12.56From: 2011-07-21Exp: 2016-07-21→ Common Stock, $0.01 par value per share (1,511,808 underlying)
Footnotes (5)
  • [F1]On July 11, 2016, 1818 Partners, LLC distributed its fully-exercisable call option to purchase 4,535,426 shares of common stock, par value $0.01 per share, ("Shares") from DRP Holdco, LLC on a pro-rata basis to its three members (collectively, the "Members"). Each Member received a call option representing the right to acquire 1,511,808 Shares (each, a "Call Option"). The two remaining Shares underlying the call option with 1818 Partners, LLC were cancelled.
  • [F2]On July 15, 2016, two Members exercised their Call Options on a cashless basis which, based on the $30.14 closing price of the Shares on July 15, 2016, resulted in each Member paying 630,004 Shares back to DRP Holdco, LLC in order to pay the exercise price for its Call Option.
  • [F3]On July 18, 2016, one Member exercised its Call Option on a cash basis.
  • [F4]These Shares are held directly by DRP Holdco, LLC. These Shares may be deemed to be beneficially owned by the following, each of whom is a Reporting Person: Guggenheim Partners Investment Management, LLC ("GPIM"), which, via its relationship with the managing members of DRP Holdco, LLC, whose unanimous consent is required for decisions regarding assets held by DRP Holdco, LLC and who have granted full investment discretion and voting authority to GPIM over their units in DRP Holdco, LLC, exercises complete voting and dispositive power over the Shares held by DRP Holdco, LLC; Guggenheim Partners Investment Management Holdings, LLC ("GPIMH"), as the majority owner of GPIM; Guggenheim Partners, LLC, as the majority indirect owner of GPIMH; and Guggenheim Capital, LLC, as the majority owner of Guggenheim Partners, LLC.
  • [F5]Each of the Reporting Persons disclaims beneficial ownership of the Shares, except to the extent of such Reporting Person's pecuniary interest therein, and this statement shall not be construed as an admission that such Reporting Person is the beneficial owner of any such shares for purposes of Section 16 of the Exchange Act or for any other purpose.

Documents

1 file

Issuer

Diamond Resorts International, Inc.

CIK 0001566897

→
Entity typeoperating
IncorporatedDE

Related Parties

1
  • filerCIK 0001566897

Filing Metadata

Form type
4
Filed
Jul 18, 8:00 PM ET
Accepted
Jul 19, 6:54 PM ET
Size
27.7 KB
View on SEC.gov