Cloobeck Stephen J Form 4 Diamond Resorts International / Stephen J Cloobeck 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^*

Cloobeck Stephen J

(Last) (First) (Middle)

10600 WEST CHARLESTON BOULEVARD

(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)
09/02/2016

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	07/28/2016		G	V	1,000,000	D	(1)	9,522,446	I	See Footnotes(1)(2)
Common Stock	09/02/2016		S		9,522,466	D	$30.25	0	I	See Footnote(2)
Common Stock	09/02/2016		S		1,073,949	D	$30.25	0	I	See Footnote(3)
Common Stock	09/02/2016		S		9,560	D	$30.25	0	D
Common Stock	09/02/2016		S		1,025,762	D	$30.25	0	I	See Footnote(4)

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^*

Cloobeck Stephen J

(Last) (First) (Middle)

10600 WEST CHARLESTON BOULEVARD

(Street)

LAS VEGAS NV 89135

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Cloobeck Diamond Parent, LLC

(Last) (First) (Middle)

10600 WEST CHARLESTON BOULEVARD

(Street)

LAS VEGAS NV 89135

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Chantal Cloobeck Separate Property Trust

(Last) (First) (Middle)

10600 WEST CHARLESTON BOULEVARD

(Street)

LAS VEGAS NV 89135

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Cloobeck Companies, LLC

(Last) (First) (Middle)

10600 WEST CHARLESTON BOULEVARD

(Street)

LAS VEGAS NV 89135

(City) (State) (Zip)

Explanation of Responses:

1. On July 28, 2016 CDP donated 1,000,000 shares of Common Stock to a donor advised trust. CDP did not receive any consideration for such donation.

2. Directly by Cloobeck Diamond Parent, LLC ("CDP") and indirectly by Stephen J. Cloobeck as the sole manager of CDP. Mr. Cloobeck disclaims beneficial ownership of any of the reported securities except to the extent of his pecuniary interest therein.

3. Directly by The Chantal Cloobeck Separate Property Trust, a trust for the benefit of Mr. Cloobeck's spouse ("CCSPT"), and indirectly by Mr. Cloobeck as co-managing trustee of CCSPT with his spouse. Mr. Cloobeck disclaims beneficial ownership of any of the reported securities except to the extent of his pecuniary interest therein.

4. Directly by Cloobeck Companies, LLC ("CCL") and indirectly by Stephen J. Cloobeck as the sole manager of CCL. Mr. Cloobeck disclaims beneficial ownership of any of the reported securities except to the extent of his pecuniary interest therein.

Remarks:

	Stephen J. Cloobeck	09/02/2016
	Stephen J. Cloobeck, Manager of Cloobeck Diamond Parent, LLC	09/02/2016
	Stephen J. Cloobeck, Co-Managing Trustee of the Chantal Cloobeck Separate Property Trust	09/02/2016
	Stephen J. Cloobeck, Manager of Cloobeck Companies, LLC	09/02/2016
	** Signature of Reporting Person	Date
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