SEC Form 4 · accession 0000899243-16-028420
Diamond Resorts International, Inc. · DRII
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frankie Sue Del Papa
Director
Period of report
Sep 2, 2016
Accepted (ET)
Sep 2, 2016 · 1:01 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001566897
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Sep 2, 2016 | U | 1,414 | $30.25 | D | 15,547 | D | |
| Common StockF1 | Sep 2, 2016 | D | 4,240 | $30.25 | D | 11,307 | D | |
| Common StockF2 | Sep 2, 2016 | D | 11,307 | $0.00 | D | 0 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the portion of the 5,654 shares of restricted stock of Diamond Resorts International, Inc. (the "Company") that were to vest upon a change of control, with each such share of common stock converted, promptly after 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 the Company (the "merger"), into the right to receive an amount in cash equal to the $30.25 consideration payable in the merger for each share of the Company's common stock, without interest and less any applicable withholding tax.
- F2Represents the remaining shares of restricted stock that were forfeited without consideration in connection with the merger.