Statement of Changes in Beneficial Ownership (4)

FORM 4 [ ] 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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response... 0.5
	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 * Cloobeck Stephen J	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)
(Last)          (First)          (Middle) 10600 W. CHARLESTON BLVD	3. Date of Earliest Transaction (MM/DD/YYYY) 10/8/2014
(Street) LAS VEGAS, NV 89135 (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	10/8/2014		S (1)		49826	D	$22.4338   (2)	15953820	I	See Footnote   (3)
Common Stock	10/9/2014		S (1)		63654	D	$22.6377   (4)	15890166	I	See Footnote   (3)
Common Stock	10/10/2014		S (1)		18533	D	$22.3207   (5)	15871633	I	See Footnote   (3)
Common Stock								1073949	I	See Footnote   (6)

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

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 October 8, 2014 at prices ranging from $21.88 to $22.61. 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 in footnotes (2), (4) and (5).
( 3)	Directly by Cloobeck Diamond Parent, LLC ("CDP") and indirectly by Stephen J. Cloobeck as the sole manager of CDP. Mr. Cloobeck 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 October 9, 2014 at prices ranging from $22.45 to $22.80.
( 5)	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions on October 10, 2014 at prices ranging from $21.92 to $22.78.
( 6)	Directly by The Chantal Cloobeck Separate Property Trust, a trust for the benefit of Mr. Cloobeck's spouse ("CCSPT"), and indirectly by Mr. Cloobeck as co-managing trustee of CCSPT with his spouse. Mr. Cloobeck disclaims beneficial ownership of any of the reported securities except to the extent of his pecuniary interest therein.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Cloobeck Stephen J 10600 W. CHARLESTON BLVD LAS VEGAS, NV 89135	X	X
Cloobeck Diamond Parent, LLC 10600 W. CHARLESTON BLVD LAS VEGAS, NV 89135		X
Chantal Cloobeck Separate Property Trust 10600 W. CHARLESTON BLVD LAS VEGAS, NV 89135				Member of 10% Group

Signatures
/s/ Jared T. Finkelstein, attorney-in-fact for Stephen J. Cloobeck		10/10/2014
** Signature of Reporting Person		Date
Jared T. Finkelstein, attorney-in-fact for Cloobeck Diamond Parent, LLC		10/10/2014
** Signature of Reporting Person		Date
Jared T. Finkelstein, attorney-in-fact for Chantal Cloobeck Separate Property Trust		10/10/2014
** 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.
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