X0306 4 2016-07-15 0 0001566897 Diamond Resorts International, Inc. DRII 0001422765 Palmer David F 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 1 1 1 0 President, CEO 0001581773 Chautauqua Management, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 0 0 0 1 Member of 10% Group 0001581826 Chautauqua IIA, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 0 0 0 1 Member of 10% Group 0001581827 Chautauqua IIB, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 0 0 0 1 Member of 10% Group Common Stock 2016-07-15 4 X 0 1511808 12.56 A 4185606 I See Footnote Common Stock 2016-07-15 4 S 0 630004 30.14 D 3555602 I See Footnote Common Stock 2016-07-19 4 X 0 143958 12.56 A 3699560 I See Footnote Common Stock 616647 I See Footnote Common Stock 616647 I See Footnote Call Option (right to buy) 12.56 2016-07-15 4 X 0 1511808 0.00 D 2016-07-21 Common Stock 1511808 0 I See Footnote Call Option (right to buy) 12.56 2016-07-19 4 X 0 143958 0.00 D 2016-07-21 Common Stock 143958 0 I See Footnote Directly by Chautauqua Management, LLC ("CML") and indirectly by David F. Palmer as the sole manager of CML. Mr. Palmer disclaims beneficial ownership of any of the reported securities except to the extent of his pecuniary interest therein. On July 15, 2016, CML exercised the DRPH Call Option (defined below) to purchase an aggregate of 1,511,808 shares of Common Stock for an exercise price of $12.56 per share. CML exercised the DRPH Call Option pursuant to the "cashless exercise" provision thereof, resulting in DRPH (defined below) withholding an aggregate of 630,004 of the shares of Common Stock underlying the DRPH Call Option to pay the aggregate exercise price of $18,988,308 and issuing to CML the remaining 881,804 shares. Directly by Chautauqua IIA, LLC ("CIIA") and indirectly by Mr. Palmer as investment manager of CIIA. Mr. Palmer disclaims beneficial ownership of any of the reported securities except to the extent of his pecuniary interest therein. Directly by Chautauqua IIB, LLC ("CIIB") and indirectly by Mr. Palmer's spouse, as investment manager of CIIB. Mr. Palmer disclaims beneficial ownership of any of the reported securities except to the extent of his pecuniary interest therein. Reflects a fully-exercisable call option, dated as of July 11, 2016 (the "DRPH Call Option"), to purchase 1,511,808 shares of Common Stock from DRP Holdco LLC ("DRPH"), which option was received pursuant to a pro-rata distribution from 1818 Partners, LLC to its members, including CML. In prior reports, each of Mr. Palmer and CML reported indirect beneficial ownership of a fully-exercisable call option effective as of July 21, 2011, to purchase 4,535,426 shares of Common Stock at an exercise price of $12.56 per share and, in each case, Mr. Palmer and CML disclaimed beneficial ownership of the reported securities to the extent of his or its pecuniary interest therein. The distribution did not effect any change in the pecuniary interest of Mr. Palmer or CML in the DRPH Call Option. Reflects a fully-exercisable call option, dated as of July 11, 2016, to purchase 143,958 shares of Common Stock from third parties, which option was received pursuant to a pro-rata distribution from 1818 Partners, LLC to its members, including CML. In prior reports, each of Mr. Palmer and CML reported indirect beneficial ownership of a fully-exercisable call option effective as of July 21, 2011 (the "Third Party Call Option"), to purchase 431,875 shares of Common Stock at an exercise price of $12.56 per share and, in each case, Mr. Palmer and CML disclaimed beneficial ownership of the reported securities to the extent of his or its pecuniary interest therein. The distribution did not effect any change in the pecuniary interest of Mr. Palmer or CML in the Third Party Call Option. /s/ Jared T. Finkelstein, attorney-in-fact for David F. Palmer 2016-07-19 /s/ Jared T. Finkelstein, attorney-in-fact for Chautauqua Management, LLC 2016-07-19 /s/ Jared T. Finkelstein, attorney-in-fact for Chautauqua IIA, LLC 2016-07-19 /s/ Jared T. Finkelstein, attorney-in-fact for Chautauqua IIB, LLC 2016-07-19