Sec Form 4 Filing - Kraff Lowell D @ Diamond Resorts International, Inc. - 2014-09-15

Insider filing report for Changes in Beneficial Ownership
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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)
X __ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
10600 W. CHARLESTON BLVD
3. Date of Earliest Transaction (MM/DD/YY)
09/15/2014
(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 09/15/2014 S( 1 ) 5,350 D $ 23.1934 ( 2 ) 469,122 I See Footnote ( 3 )
Common Stock 09/16/2014 S( 1 ) 18,480 D $ 23.252 ( 4 ) 450,642 I See Footnote ( 3 )
Common Stock 09/17/2014 S( 1 ) 20,201 D $ 23.8092 ( 5 ) 430,441 I See Footnote ( 3 )
Common Stock 1,407,157 I See Footnote ( 6 )
Common Stock 490,687 I See Footnote ( 7 )
Common Stock 102,765 I See Footnote ( 8 )
Common Stock 170,884 I See Footnote ( 9 )
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 3. Transaction Date (MM/DD/YY) 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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Kraff Lowell D
10600 W. CHARLESTON BLVD
LAS VEGAS, NV89135
X X
Diamond Oursurance, LLC
10600 W. CHARLESTON BLVD
LAS VEGAS, NV89135
Member of 10% Group
Best Amigos Partners, LLC
10600 W. CHARLESTON BLVD
LAS VEGAS, NV89135
Member of 10% Group
LDK Holdco, LLC
10600 W. CHARLESTON BLVD
LAS VEGAS, NV89135
Member of 10% Group
Signatures
/s/ Jared T. Finkelstein, attorney in fact for Lowell D. Kraff 09/17/2014
Signature of Reporting Person Date
Jared T. Finkelstein, as attorney in fact for Diamond Oursurance, LLC 09/12/2014
Signature of Reporting Person Date
Jared T. Finkelstein, attorney in fact for Best Amigos Partners, LLC 09/12/2014
Signature of Reporting Person Date
Jared T. Finkelstein, attorney in fact for LDK Holdco, LLC 09/12/2014
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents open market sale of common stock pursuant to a previously disclosed "Rule 10b5-1 plan" established by the reporting person.
( 2 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions on September 15, 2014 at prices ranging from $22.97 to $23.40. The reporting person undertakes to provide to Diamond Resorts International, Inc., any securityholder 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 ranges set forth footnotes (2), (4) and (5).
( 3 )Directly 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.
( 4 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions on September 16, 2014 at prices ranging from $22.87 to $23.54.
( 5 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions on September 17, 2014 at prices ranging from $23.39 to $24.00.
( 6 )Directly 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.
( 7 )By Trivergance Diamond Sub, LLC ("TDS"). Lowell D. Kraff is the co-manager of an entity which is the sole manager of the sole member of TDS. In addition, pursuant to the terms of a nominee agreement, BAP has the right to control, and has the sole pecuniary interest in, 24,546 of such shares of Common Stock, and Mr. Kraff is the sole manager of BAP. Each of BAP and Mr. Kraff disclaims beneficial ownership of any of the reported securities except to the extent of its or his pecuniary interest therein.
( 8 )Directly by LDK Holdco, LLC ("LDK") and indirectly by Lowell D. Kraff as the sole manager of LDK. Mr. Kraff disclaims beneficial ownership of any of the reported securities except to the extent of his pecuniary interest therein.
( 9 )By Praesumo Partners, LLC ("Praesumo"). Lowell D. 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.

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