SEC FORM 4

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

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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^*

BUPP KARL E

(Last)

(First)

(Middle)

875 N. MICHIGAN AVENUE, SUITE 3000

(Street)

CHICAGO

60611

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
DIAMOND MANAGEMENT & TECHNOLOGY CONSULTANTS, INC. [ DTPI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
11/02/2010

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	11/02/2010		D		436,916	D	$12.5⁽¹⁾	0	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Appreciation Right	$6.27	11/02/2010		D			9,000	05/15/2006⁽²⁾	05/15/2011	Common Stock	9,000	$12.5	1,000	D
Stock Appreciation Right	$6.27	11/02/2010		D			1,000	05/15/2006⁽³⁾	05/15/2011	Common Stock	1,000	$12.5	0	D
Stock Appreciation Rights	$6.55	11/02/2010		D			35,000	11/15/2008⁽²⁾	11/15/2012	Common Stock	35,000	$12.5	35,000	D
Stock Appreciation Rights	$6.55	11/02/2010		D			35,000	11/15/2008⁽⁴⁾	11/15/2012	Common Stock	35,000	$12.5	0	D

Explanation of Responses:

1. Disposed of pursuant to merger agreement between Diamond Management & Technology Consultants, Inc. and PricewaterhouseCoopers LLP, in exchange for cash payment of $12.50 per share on the effective date of the merger.

2. The vested shares from this Stock Appreciation Right were canceled in the merger in exchange for a cash payment, representing the difference between the exercise price of the option and the merger consideration of $12.50 per share, on the effective date of the merger.

3. This Stock Appreciation Right, which provided for vesting in ten equal semi-annual installments beginning May15, 2006, was canceled in the merger in exchange for a cash payment, representing the difference between the exercise price of the option and the merger consideration of $12.50 per share, to be paid out in cash on the effective date of the merger.

4. This Stock Appreciation Right, which provided for vesting in eight equal semi-annual installments beginning November 15, 2008, was canceled in the merger in exchange for a cash payment, representing the difference between the exercise price of the option and the merger consideration of $12.50 per share, to be paid out in cash on the effective date of the merger.

	By: Karen L. McLaughlin, as attorney in fact For: Karl E. Bupp	11/04/2010
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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