Diamond Resorts International (DRII) Form 4 Diamond Resorts International / Lowell D Kraff ownership change

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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

1. Name and Address of Reporting Person^*

Kraff Lowell D

(Last) (First) (Middle)

10600 W. CHARLESTON BLVD

(Street)

LAS VEGAS NV 89135

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
03/20/2015

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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	03/20/2015		S		28,260	D	(1)	1,168,277	I	See Footnote(2)
Common Stock								287,686	I	See Footnote(3)
Common Stock								102,765	I	See Footnote(4)
Common Stock								28,129	I	See Footnote(5)

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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: 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

1. Name and Address of Reporting Person^*

Kraff Lowell D

(Last) (First) (Middle)

10600 W. CHARLESTON BLVD

(Street)

LAS VEGAS NV 89135

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Diamond Oursurance, LLC

(Last) (First) (Middle)

10600 W. CHARLESTON BLVD

(Street)

LAS VEGAS NV 89135

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Best Amigos Partners, LLC

(Last) (First) (Middle)

10600 W. CHARLESTON BLVD

(Street)

LAS VEGAS NV 89135

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

LDK Holdco, LLC

(Last) (First) (Middle)

10600 W. CHARLESTON BLVD

(Street)

LAS VEGAS NV 89135

(City) (State) (Zip)

Explanation of Responses:

1. The 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.

2. 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.

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. Directly 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.

5. By 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.

Remarks:

	/s/ Jared T. Finkelstein, attorney in fact for Lowell D. Kraff	03/24/2015
	Jared T. Finkelstein, as attorney in fact for Diamond Oursurance, LLC	03/24/2015
	Jared T. Finkelstein, attorney in fact for Best Amigos Partners, LLC	03/24/2015
	Jared T. Finkelstein, attorney in fact for LDK Holdco, LLC	03/24/2015
	** Signature of Reporting Person	Date
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