Diamondback Energy, Inc. — Director's Dealing 2013

Nov 12, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Diamondback Energy, Inc. (FANG)
CIK: 0001539838
Period of Report: 2013-11-08

Reporting Person: WEXFORD CAPITAL LP (10% Owner)
Reporting Person: DAVIDSON CHARLES E (10% Owner)
Reporting Person: Wexford GP LLC (10% Owner)
Reporting Person: JACOBS JOSEPH (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-11-08	Common Stock, par value $0.01	S	221100	$53.8629	Disposed	11558836	Indirect
2013-11-11	Common Stock, par value $0.01	S	55613	$53.5521	Disposed	11503223	Indirect
2013-11-12	Common Stock, par value $0.01	S	23000	$52.6462	Disposed	11480223	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $0.01	6666	Direct

Footnotes

F1: Reflects assignment of stock units granted to the Reporting Persons' board designees Steve West and Paul Jacobi (the "Wexford Directors") for services rendered as directors of the issuer, as previously disclosed by the Wexford Directors in their respective Forms 4 filed on October 15, 2012.

F2: The securities disposed of were held by DB Energy Holdings LLC ("DB Energy"), Wexford Catalyst Fund, L.P. ("WCF"), Wexford Spectrum Fund, L.P. ("WSF"), Spectrum Intermediate Fund Limited ("SIF") and Catalyst Intermediate Fund Limited ("CIF" and, together with DB Energy, WCF, WSF and SIF, the "Funds").

F3: This form is jointly filed by Wexford Capital LP ("Wexford"), Charles E. Davidson ("Davidson"), Joseph M. Jacobs ("Jacobs") and Wexford GP LLC ("Wexford GP"). The common stock shown as beneficially owned by Davidson, Jacobs, Wexford GP and Wexford reflects common stock owned of record by the Funds. Wexford serves as manager, investment advisor or sub advisor of each of the Funds, and as such may be deemed to share beneficial ownership of the securities beneficially owned by the Funds, but disclaims such beneficial ownership to the extent such beneficial ownership exceeds its pecuniary interest. Wexford GP, as the general partner of Wexford, may be deemed to share beneficial ownership of the securities beneficially owned by the Funds, but disclaims such ownership to the extent such beneficial ownership exceeds its pecuniary interest. (continued under Footnote (4) below).

F4: (continued from Footnote (3) above) Davidson and Jacobs, as the controlling persons of Wexford GP, may be deemed to share beneficial ownership of any securities beneficially owned by the Funds for which Wexford serves as manager, investment advisor or sub advisor, but disclaim such beneficial ownership to the extent such beneficial ownership exceeds their pecuniary interest.