Diamondback Energy, Inc. — Director's Dealing 2014

Jul 17, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Diamondback Energy, Inc. (FANG)
CIK: 0001539838
Period of Report: 2014-07-15

Reporting Person: WEST STEVEN E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-07-15	Restricted Stock Units	A	2802	—	Acquired	2802	Direct

Footnotes

F1: These securities are restricted stock units that were granted under Diamondback Energy, Inc.'s (the "Issuer") 2012 Equity Incentive Plan. 934 of these restricted stock units vested on July 15, 2014, and the remaining 1,868 restricted stock units will vest in two equal annual installments beginning on July 1, 2015. Each restricted stock unit represents a contingent right to receive one share of common stock of the Issuer, par value $0.01 per share. These restricted stock units have been assigned to Wexford Capital LPunder the terms of Mr. West's employment with Wexford Capital LP. As a result, Mr. West disclaims any pecuniary interest in these restricted stock units.