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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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) 09/15/2014
	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	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 (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) Relationship of Reporting Person(s) to Issuer X Director X 10% Owner Officer (give title below) Other (specify below)

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) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) Member of 10% Group

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) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) Member of 10% Group

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) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) Member of 10% Group

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.

Remarks:

	/s/ Jared T. Finkelstein, attorney in fact for Lowell D. Kraff	09/17/2014
	Jared T. Finkelstein, as attorney in fact for Diamond Oursurance, LLC	09/12/2014
	Jared T. Finkelstein, attorney in fact for Best Amigos Partners, LLC	09/12/2014
	Jared T. Finkelstein, attorney in fact for LDK Holdco, LLC	09/12/2014
	** Signature of Reporting Person	Date
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