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Filing Details

Accession Number:: 0001140361-16-072832
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2016-07-19 18:54:47
Reporting Period:: 2016-07-15

Filing Date:: 2016-07-19
Accepted Time:: 2016-07-19 18:54:47
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1566897	Diamond Resorts International Inc.	DRII	()	DE

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1283072	Guggenheim Capital Llc	227 West Monroe Suite 4900 Chicago IL 60606	No	No	No	No
1425498	Guggenheim Partners, Llc	227 West Monroe Suite 4900 Chicago IL 60606	No	No	No	No
1425852	Guggenheim Partners Investment Management, Llc	100 Wilshire Boulevard, 5Th Floor Santa Monica CA 90401	No	No	No	No
1581086	Guggenheim Partners Investment Management Holdings, Llc	330 Madison Avenue New York NY 10017	No	No	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	Explanation
Common Stock, $0.01 Par Value Per Share	Disposition	2016-07-15	1,511,808	$12.56	7,936,889	No	4	X	Indirect	See Footnotes
Common Stock, $0.01 Par Value Per Share	Acquisiton	2016-07-15	630,004	$30.14	8,566,893	No	4	P	Indirect	See Footnotes
Common Stock, $0.01 Par Value Per Share	Disposition	2016-07-15	1,511,808	$12.56	7,055,085	No	4	X	Indirect	See Footnotes
Common Stock, $0.01 Par Value Per Share	Acquisiton	2016-07-15	630,004	$30.14	7,685,089	No	4	P	Indirect	See Footnotes
Common Stock, $0.01 Par Value Per Share	Disposition	2016-07-18	1,511,808	$12.56	6,173,281	No	4	X	Indirect	See Footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	X	Indirect	See Footnotes
No	4	P	Indirect	See Footnotes
No	4	X	Indirect	See Footnotes
No	4	P	Indirect	See Footnotes
No	4	X	Indirect	See Footnotes

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock, $0.01 Par Value Per Share	Call Option (Obligation to Sell)	Disposition	2016-07-11	2	$0.00	2	$12.56
Common Stock, $0.01 Par Value Per Share	Call Option (Obligation to Sell)	Disposition	2016-07-15	1,511,808	$0.00	1,511,808	$12.56
Common Stock, $0.01 Par Value Per Share	Call Option (Obligation to Sell)	Disposition	2016-07-15	1,511,808	$0.00	1,511,808	$12.56
Common Stock, $0.01 Par Value Per Share	Call Option (Obligation to Sell)	Disposition	2016-07-18	1,511,808	$0.00	1,511,808	$12.56

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
4,535,424	2011-07-21	2016-07-21	No	5	E	Indirect
3,023,616	2011-07-21	2016-07-21	No	4	X	Indirect
1,511,808	2011-07-21	2016-07-21	No	4	X	Indirect
0	2011-07-21	2016-07-21	No	4	X	Indirect

Footnotes

On July 11, 2016, 1818 Partners, LLC distributed its fully-exercisable call option to purchase 4,535,426 shares of common stock, par value $0.01 per share, ("Shares") from DRP Holdco, LLC on a pro-rata basis to its three members (collectively, the "Members"). Each Member received a call option representing the right to acquire 1,511,808 Shares (each, a "Call Option"). The two remaining Shares underlying the call option with 1818 Partners, LLC were cancelled.
On July 15, 2016, two Members exercised their Call Options on a cashless basis which, based on the $30.14 closing price of the Shares on July 15, 2016, resulted in each Member paying 630,004 Shares back to DRP Holdco, LLC in order to pay the exercise price for its Call Option.
On July 18, 2016, one Member exercised its Call Option on a cash basis.
These Shares are held directly by DRP Holdco, LLC. These Shares may be deemed to be beneficially owned by the following, each of whom is a Reporting Person: Guggenheim Partners Investment Management, LLC ("GPIM"), which, via its relationship with the managing members of DRP Holdco, LLC, whose unanimous consent is required for decisions regarding assets held by DRP Holdco, LLC and who have granted full investment discretion and voting authority to GPIM over their units in DRP Holdco, LLC, exercises complete voting and dispositive power over the Shares held by DRP Holdco, LLC; Guggenheim Partners Investment Management Holdings, LLC ("GPIMH"), as the majority owner of GPIM; Guggenheim Partners, LLC, as the majority indirect owner of GPIMH; and Guggenheim Capital, LLC, as the majority owner of Guggenheim Partners, LLC.
Each of the Reporting Persons disclaims beneficial ownership of the Shares, except to the extent of such Reporting Person's pecuniary interest therein, and this statement shall not be construed as an admission that such Reporting Person is the beneficial owner of any such shares for purposes of Section 16 of the Exchange Act or for any other purpose.