SEC Form 4 · accession 0001209191-15-045577
Diamond Resorts International, Inc. · DRII
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David J Berkman
Director
Period of report
May 19, 2015
Accepted (ET)
May 21, 2015 · 6:26 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 | May 19, 2015 | A | 11,471 | $32.69 | A | 56,099 | D | |
| Common StockF3,F2 | May 19, 2015 | A | 4,436 | $32.69 | A | 60,535 | D | |
| Common StockF4 | holding | — | — | — | 60,000 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents 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).
- F2Includes 6,180 unvested shares of restricted stock previously granted to the reporting person.
- F3Represents 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).
- F4Directly 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.