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Filing Details

Accession Number:: 0001181431-10-054915
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-11-10 19:32:18
Reporting Period:: 2010-10-28

Filing Date:: 2010-11-10
Accepted Time:: 2010-11-10 19:32:18
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1104252	Ddi Corp	DDIC	Printed Circuit Boards (3672)	061576013

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1387790	P Gerald Barnes	C/O Ddi. Corp. 1220 N. Simon Circle Anaheim CA 92806	Svp - Sales	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2010-10-28	20,302	$0.00	51,707	No	4	M	Direct
Common Stock	Disposition	2010-10-28	7,447	$9.06	44,260	No	4	F	Direct
Common Stock	Acquisiton	2010-11-08	40,000	$6.73	84,260	No	4	M	Direct
Common Stock	Disposition	2010-11-08	40,000	$11.10	44,260	No	4	S	Direct
Common Stock	Disposition	2010-11-08	10,000	$11.10	34,260	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Share Units	Acquisiton	2010-07-06	312	$0.00	312	$0.00
Common Stock	Restricted Share Units	Acquisiton	2010-09-30	292	$0.00	292	$0.00
Common Stock	Restricted Share Units	Disposition	2010-10-28	20,302	$0.00	20,302	$0.00
Common Stock	Stock Options	Disposition	2010-11-08	40,000	$0.00	40,000	$6.73

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
40,312		No	4	A	Direct
40,604		No	4	A	Direct
20,302		No	4	M	Direct
60,000	2017-02-26	No	4	M	Direct

Footnotes

As reported on a Form 4 dated October 28, 2008 and filed on October 30, 2008, the reporting person received a grant of 60,000 Restricted Share Units ("RSUs") on October 28, 2008 pursuant to the DDi Corp. 2005 Stock Incentive Plan, as amended )the "Plan"). The RSUs vest in three equal annual installments beginning on October 28, 2009. On each vesting date, for each RSU vesting on such date, the reporting person will receive one share of DDi Corp. common stock. On October 28, 2010, the secondone-third of these RSUs vested, resulting in the issuance of 20,302 shares of DDi Corp. common stock.
In accordance with the terms of the DDi Dorp. 2005 Stock Incentive Plan, 7,447 shares of DDi Corp. common stock were withheld at vesting to cover required tax withholding.
The number of derivative securities beneficially owned reflects additional RSUs issued in conjunction with cash dividends paid on the applicable transaction date. RSUs awarded under the Plan are entitled to receive dividend equivalents with respect to the payment of cash dividends on Common Stock. Dividend equivalents are paid by crediting the recipient with additional whole RSUs as of the cash dividend payment date. The number of additional RSUs is determined based on the amount of cash dividends paid with respect to the number of shares of Common Stock represented by the RSUs divided by the Company's closing stock price on the cash dividend payment date. Additional RSUs issued in conjunction with dividends are subject to the same terms and conditions and settled in the same manner and at the same time as the RSUs originally subject to the award.
One-third of the options will vest on the first, second, and third anniversaries of the grant date.
This transaction is a part of a Same Day Sale Transaction. The optionholder exercised his options and sold the shares on the same day.