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
                                                                                  
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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 *

Rutt Sheila M
2. Issuer Name and Ticker or Trading Symbol

DIEBOLD INC [ DBD ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
VP, Chief HR Officer
(Last)          (First)          (Middle)

C/O DIEBOLD, INCORPORATED, 5995 MAYFAIR ROAD
3. Date of Earliest Transaction (MM/DD/YYYY)

2/3/2016
(Street)

NORTH CANTON, OH 44720
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. 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                  11683   I   Revocable Trust   (1)
Common Stock                  525   I   401(k)   (2)
Common Stock   2/3/2016     A    2659   (3) A $27.39   33248   (4) D    

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
Non-Qualified Stock Option   (5) $39.43                    2/20/2007   2/19/2016   Common Stock   8000.0     8000   D    
Non-Qualified Stock Option   (5) $47.27                    2/14/2008   2/13/2017   Common Stock   7500.0     7500   D    
Non-Qualified Stock Option   (5) $32.67                    2/10/2012   2/9/2021   Common Stock   12000.0     12000   D    
Non-Qualified Stock Option   (5) $34.89                    2/8/2013   2/7/2022   Common Stock   16500.0     16500   D    
Non-Qualified Stock Option   (6) $29.87                    2/6/2014   2/5/2023   Common Stock   8505.0     8505   D    
Non-Qualified Stock Option   (6) $34.13                    2/12/2015   2/12/2024   Common Stock   15376.0     15376   D    
Non-Qualified Stock Option   (6) $32.33                    2/5/2016   2/5/2025   Common Shares   18723.0     18723   D    
Non-Qualified Stock Option   (6) $27.39   2/3/2016     A      19553       2/3/2017   2/3/2026   Common Shares   19553.0   $27.39   19553   D    

Explanation of Responses:
( 1)  Number of shares held by filer in a revocable trust over which filer has control.
( 2)  Number of 401(k) shares owned as of most current statement; fractional shares omitted.
( 3)  Award of restricted stock units; each restricted stock unit represents a contingent right to receive one share of Diebold Incorporated common stock.
( 4)  Number includes restricted stock units.
( 5)  Granted under the 1991 Equity and Performance Incentive Plan; option is generally exercisable in annual increments of 25% beginning one year from date of grant.
( 6)  Granted under the 1991 Equity and Performance Incentive Plan; option is generally exercisable in annual increments of 1/3, 1/3, 1/3 beginning one year from the date of grant.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Rutt Sheila M
C/O DIEBOLD, INCORPORATED
5995 MAYFAIR ROAD
NORTH CANTON, OH 44720


VP, Chief HR Officer

Signatures
Mary M. Swann, Attorney-in-fact for Sheila M. Rutt 2/5/2016
** 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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