Sec Form 4 Filing - Kraff Lowell D @ Diamond Resorts International, Inc. - 2016-07-14

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Kraff Lowell D 2. Issuer Name and Ticker or Trading Symbol Diamond Resorts International, Inc. [ DRII] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner _____ Officer (give title below) X __ Other (specify below) Member of a 10% Group (Last) (First) (Middle) 10600 WEST CHARLESTON BOULEVARD 3. Date of Earliest Transaction (MM/DD/YY) 07/14/2016 (Street) LAS VEGAS, NV89135 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 07/14/2016 S 28,129 D $ 30.1892 ( 1 ) 0 I See Footnote ( 1 ) Common Stock 07/18/2016 X 1,511,808 A $ 12.56 1,511,808 I See Footnote ( 2 ) Common Stock 07/18/2016 X 143,958 A $ 12.56 1,655,766 I See Footnote ( 2 ) Common Stock 07/15/2016 S 35,616 D $ 30.155 ( 3 ) 67,149 I See Footnote ( 4 ) Common Stock 1,168,277 I See Footnote ( 5 ) Common Stock 287,686 I See Footnote ( 6 )

3. Transaction Date (MM/DD/YY) Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Call Option (right to buy) ( 7 ) $ 12.56 07/18/2016 X 1,511,808 ( 7 ) 07/21/2016 Common Stock 1,511,808 $ 0 0 I See Footnote ( 2 ) Call Option (right to buy) ( 8 ) $ 12.56 07/18/2016 X 143,958 ( 8 ) 07/21/2016 Common Stock 143,958 $ 0 0 I See Footnote ( 2 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Kraff Lowell D 10600 WEST CHARLESTON BOULEVARD LAS VEGAS, NV89135 Member of a 10% Group Best Amigos Partners, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS, NV89135 Member of 10% Group Diamond Oursurance, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS, NV89135 Member of 10% Group LDK Holdco, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS, NV89135 Member of 10% Group Praesumo Partners, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS, NV89135 Member of 10% Group Signatures /s/ Lowell D. Kraff 07/18/2016 Signature of Reporting Person Date /s/ Lowell D. Kraff, Sole Manager of Best Amigos Partners, LLC 07/18/2016 Signature of Reporting Person Date /s/ Lowell D. Kraff, Sole Manager of Diamond Oursurance, LLC 07/18/2016 Signature of Reporting Person Date /s/ Lowell D. Kraff, Sole Member of LDK Holdco, LLC 07/18/2016 Signature of Reporting Person Date /s/ Lowell D. Kraff, Managing Member of Praesumo Partners, LLC 07/18/2016 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The price reported in Column 4 is a weighted average price. The shares were sold by Praesumo Partners, LLC ("Praesumo") in multiple transactions on July 14, 2016 at prices ranging from $30.18 to $30.205, inclusive. The reporting person undertakes to provide to Diamond Resorts International, Inc., any security holder of Diamond Resorts International, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. ( 2 )Directly by Praesumo Partners, LLC and indirectly by Lowell D. Kraff as 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. ( 3 )The price reported in Column 4 is a weighted average price. The shares were sold by LDK Holdco, LLC ("LDK") in multiple transactions on July 15, 2016 at prices ranging from $30.15 to $30.17, inclusive. The reporting person undertakes to provide to Diamond Resorts International, Inc., any security holder of Diamond Resorts International, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. ( 4 )Directly by LDK and indirectly by Mr. Kraff, as sole member of LDK. Mr. Kraff disclaims beneficial ownership of any of the reported securities except to the extent of his pecuniary interest therein. ( 5 )Directly by Best Amigos Partners, LLC ("BAP") and indirectly by Mr. Kraff as sole manager of BAP. Mr. Kraff disclaims beneficial ownership of any of the reported securities except to the extent of his pecuniary interest therein. ( 6 )Directly by Diamond Oursurance, LLC ("Oursurance") and indirectly by Mr. Kraff as sole manager of Oursurance. Mr. Kraff disclaims beneficial ownership of any of the reported securities except to the extent of his pecuniary interest therein. ( 7 )Reflects a fully-exercisable call option, dated as of July 11, 2016 (the "DRPH Call Option"), to purchase 1,511,808 shares of Common Stock from DRP Holdco LLC ("DRPH"), which option was received pursuant to a pro-rata distribution from 1818 Partners, LLC to its members, including Praesumo. In prior reports, each of Mr. Kraff and Praesumo reported indirect beneficial ownership of a fully-exercisable call option effective as of July 21, 2011, to purchase 4,535,426 shares of Common Stock at an exercise price of $12.56 per share and, in each case, Mr. Kraff and Praesumo disclaimed beneficial ownership of the reported securities to the extent of his or its pecuniary interest therein. The distribution did not effect any change in the pecuniary interest of Mr. Kraff or Praesumo in the DRPH Call Option. ( 8 )Reflects a fully-exercisable call option, dated as of July 11, 2016 , to purchase 143,958 shares of Common Stock from third parties, which option was received pursuant to a pro-rata distribution from 1818 Partners, LLC to its members, including Praesumo. In prior reports, each of Mr. Kraff and Praesumo reported indirect beneficial ownership of a fully-exercisable call option effective as of July 21, 2011 (the "Third Party Call Option"), to purchase 431,875 shares of Common Stock at an exercise price of $12.56 per share and, in each case, Mr. Kraff and Praesumo disclaimed beneficial ownership of the reported securities to the extent of his or its pecuniary interest therein. The distribution did not effect any change in the pecuniary interest of Mr. Kraff or Praesumo in the Third Party Call Option.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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