Diamond Resorts International, Inc. 4
4 · Diamond Resorts International, Inc. · Filed May 21, 2015
Insider Transaction Report
Form 4
BERKMAN DAVID J
DirectorOther
Transactions
- Award
Common Stock
2015-05-19$32.69/sh+11,471$374,987→ 56,099 total - Award
Common Stock
2015-05-19$32.69/sh+4,436$145,013→ 60,535 total
Holdings
- 60,000(indirect: See Footnote)
Common Stock
Footnotes (4)
- [F1]Represents restricted stock units granted to the reporting person, each representing a contingent right to receive one share of common stock. The restricted stock units vest in 12 equal installments on each of the first 12 quarterly anniversaries of the grant date, and the shares will be delivered to the reporting person on the earlier of January 1, 2018, the 90th day following the date he ceases to be a Director and the date of a change in control (as defined).
- [F2]Includes 6,180 unvested shares of restricted stock previously granted to the reporting person.
- [F3]Represents shares of common stock issued in lieu of annual board and board committee retainer fees, the delivery to the reporting person of which has been deferred until the earlier of January 1, 2018, the 90th day following the date he ceases to be a Director and the date of a change in control (as defined).
- [F4]Directly by The 2006 Berkman Trust for David J. Berkman Family (the "Berkman Trust") and indirectly by David J. Berkman as co-trustee of the Berkman Trust. Mr. Berkman disclaims beneficial ownership of any of the reported securities except to the extent of his pecuniary interest therein.