SEC Form 4 · accession 0001209191-15-028740
Diamond Resorts International, Inc. · DRII
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Mar 20, 2015
Accepted (ET)
Mar 24, 2015 · 2:36 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 StockF1,F2 | Mar 20, 2015 | S$0 | 28,260 | — | D | 1,168,277 | I | See Footnote |
| Common StockF3 | holding | — | — | — | 287,686 | I | See Footnote | |
| Common StockF4 | holding | — | — | — | 102,765 | I | See Footnote | |
| Common StockF5 | holding | — | — | — | 28,129 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The shares of common stock were sold pursuant to the underwriter's exercise of its option to purchase additional shares of common stock from selling stockholders, at a price per share of $32.99, to cover over-allotments in an underwritten public offering. The shares were sold to the public in the offering at a price of $33.75 per share.
- F2Directly by Best Amigos Partners, LLC ("BAP") and indirectly by Lowell D. Kraff as the sole manager of BAP. Mr. Kraff disclaims beneficial ownership of any of the reported securities except to the extent of his pecuniary interest therein.
- F3Directly by Diamond Oursurance, LLC ("Oursurance") and indirectly by Lowell D. Kraff as the sole manager of Oursurance. Mr. Kraff disclaims beneficial ownership of any of the reported securities except to the extent of his pecuniary interest therein.
- F4Directly by LDK Holdco, LLC ("LDK") and indirectly by Lowell D. Kraff as the sole member of LDK. Mr. Kraff disclaims beneficial ownership of any of the reported securities except to the extent of his pecuniary interest therein.
- F5By Praesumo Partners, LLC ("Praesumo"). Mr. Kraff is the managing member of Praesumo. Mr. Kraff disclaims beneficial ownership of any of the reported securities except to the extent of his pecuniary interest therein.