X0305 4 2012-05-29 0 0001320947 Diamond Foods Inc DMND 0001469241 Hollis Richard Dean C/O DIAMOND FOODS, INC. 600 MONTGOMERY STREET, 13TH FLOOR SAN FRANCISCO CA 94111 1 0 0 0 Common Stock 2012-05-29 4 A 0 5417 A 5417 D Director Stock Option (right to buy) 22.15 2012-05-29 4 A 0 10000 0 A 2022-05-28 Common Stock 10000 10000 D Shares will vest, and the Issuer's right to repurchase the shares will lapse, over the 36-month period beginning on May 29, 2012, with one-third of the shares vesting every 12 months from that date, provided the director remains in continuous service as a director or consultant through each such date. The stock option vests and becomes exercisable on May 29, 2013, provided the director remains in continuous service as a director or consultant through such date. The option grant reported on this Form 4 is being made pursuant to the Issuer's 2005 Equity Incentive Plan, which provides that each non-employee director automatically receives an option to purchase 10,000 shares of common stock upon his initial appointment or election to the board. /s/ Richard Dean Hollis by Stephen Kim, Attorney-in-Fact 2012-05-31