FORM 4
[ X ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Kraff Lowell D 		2. Issuer Name and Ticker or Trading Symbol

Diamond Resorts International, Inc. [ DRII ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
_____ Officer (give title below)      __ X __ Other (specify below)
Member of a 10% Group
(Last)          (First)          (Middle)

3722 LAS VEGAS BOULEVARD, #1410 E 		3. Date of Earliest Transaction (MM/DD/YYYY)

9/2/2016
(Street)

LAS VEGAS, NV 89158
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   9/2/2016     U    24380   D $30.25   0   I   See Footnote   (1)
Common Stock   9/2/2016     U    287686   D $30.25   0   I   See Footnote   (2)
Common Stock   9/2/2016     J    1655766   D $30.25   0   I   See Footnote   (3)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: 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
Stock Option (right to buy)   $14.00   9/2/2016     D         1212585      (4)   (4) Common Stock   1212585   $16.25   0   D    

Explanation of Responses:
( 1)  Directly by Best Amigos Partners LLC ("BAP") and indirectly by Lowell D. Kraff as the sole member of BAP. Mr. Kraff disclaims beneficial ownership of any of the reported securities except to the extent of his pecuniary interest therein.
( 2)  Directly by Diamond Oursurance, LLC and indirectly by Lowell D. Kraff as the sole manager of Diamond Oursurance, LLC. Mr. Kraff disclaims beneficial ownership of any of the reported securities except to the extent of his pecuniary interest therein.
( 3)  Directly by Praesumo Partners, LLC ("Praesumo") and indirectly by Lowell D. Kraff as the sole manager of Praesumo. Mr. Kraff disclaims beneficial ownership of any of the reported securities except to the extent of his pecuniary interest therein. The Common Stock was canceled as of the effective time of the merger contemplated by the Agreement and Plan of Merger, dated as of June 29, 2016, by and among Dakota Parent, Inc., Dakota Merger Sub, Inc., and Diamond Resorts International, Inc. (the "Company") (the "Effective Time") and converted into the right to receive an amount of cash equal to the product of (i) the number of shares of Common Stock and (ii) the $30.25 merger consideration payable in the merger for each share of the Company's common stock.
( 4)  This option was canceled as of the Effective Time and converted into the right to receive a lump-sum cash payment promptly after the Effective Time equal to the product of (i) the number of shares underlying such option and (ii) the excess of the $30.25 merger consideration payable in the merger for each share of the Company's common stock over the exercise price per share of such option, without interest and less any applicable withholding tax.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Kraff Lowell D
3722 LAS VEGAS BOULEVARD, #1410 E
LAS VEGAS, NV 89158


Member of a 10% Group
Best Amigos Partners, LLC
3722 LAS VEGAS BOULEVARD #1410 E
LAS VEGAS, NV 89158


Member of 10% Group
Diamond Oursurance, LLC
3722 LAS VEGAS BOULEVARD #1410 E
LAS VEGAS, NV 89158


Member of 10% Group
Praesumo Partners, LLC
3722 LAS VEGAS BOULEVARD #1410 E
LAS VEGAS, NV 89158


Member of 10% Group

Signatures
/s/ Lowell D. Kraff 9/8/2016
** Signature of Reporting Person Date

/s/ Lowell D. Kraff, Sole Member of Best Amigos Partners, LLC 9/8/2016
** Signature of Reporting Person Date

/s/ Lowell D. Kraff, Sole Manager of Diamond Oursurance, LLC 9/8/2016
** Signature of Reporting Person Date

/s/ Lowell D. Kraff, Sole Manager of Praesumo Partners, LLC 9/8/2016
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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