Diamondback Energy, Inc. — Director's Dealing 2014

Sep 3, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Diamondback Energy, Inc. (FANG)
CIK: 0001539838
Period of Report: 2014-09-01

Reporting Person: Dick Teresa L. (CFO, Sr. VP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-09-01	Common Stock	M	4286	—	Acquired	14079	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-09-01	Restricted Stock Units	$	M	4286	Disposed		Common Stock (4286)	Direct

Footnotes

F1: Restricted stock units convert into common stock on a one-for-one basis.

F2: This number includes 9,005 restricted stock units that have not yet vested and settled, which were previously reported on Table II. Of these 9,005 restricted stock units, 4,285 will vest on September 1, 2015, and 4,720 will vest in two equal annual installments beginning on January 2, 2015.

F3: On October 11, 2012, the reporting person was granted 17,143 restricted stock units, of which 8,572 restricted stock units have previously vested and settled and 4,286 restrcited stock units vested and settled on September 1, 2014. The remaining 4,285 restricted stock units granted on October 11, 2012 will vest on September 1, 2015.

F4: The reporting person has 9,005 restricted stock units that have not yet vested and settled. These restricted stock units have been moved to Table I and are not reported on Table II.