Diamondback Energy, Inc. — Director's Dealing 2012

Oct 15, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Diamondback Energy, Inc. (FANG)
CIK: 0001539838
Period of Report: 2012-10-11

Reporting Person: Jacobi Paul M. (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-10-11	Restricted Stock Units	$	A	6666	Acquired		Common Stock (6666)	Direct

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of common stock, par value $0.01 per share (the "Common Stock"), of Diamondback Energy, Inc. (the "Issuer").

F2: 2,222 restricted stock units will be vested on the closing date of the initial private offering of the Issuer (the "IPO"). 2,222 restricted stock units will be vested on the first annual anniversary of the closing date of the IPO. 2,222 restricted stock units will be vested on the second annual anniversary of the closing date of the IPO. All restricted stock units are subject to certain lock-up agreements the holder has entered into in connection with the IPO. These restricted stock units have been assigned to Wexford Capital LP.