Diamondback Energy, Inc. — Director's Dealing 2014

Aug 19, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Diamondback Energy, Inc. (FANG)
CIK: 0001539838
Period of Report: 2014-08-15

Reporting Person: Molnar Paul (VP Geoscience)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-08-15	Common Stock	M	8572	—	Acquired	22364	Direct
2014-08-15	Common Stock	S	3050	$77.4241	Disposed	19314	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-08-15	Restricted Stock Unit	$	M	8572	Disposed		Common Stock (8572)	Direct

Footnotes

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

F2: This number includes 13,792 restricted stock units that have not yet vested and settled, which were previously reported on Table II. Of these 13,792 restricted stock units, 8,572 will vest on August 15, 2015, and 5,220 restricted stock units will vest in two equal annual installments beginning on January 2, 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.

F3: On October 11, 2012, the reporting person was granted 34,287 restricted stock units, of which 17,143 restricted stock units have previously vested and settled and 8,572 restricted stock units vested and settled on August 15, 2014. The remaining 8,572 restricted stock units will vest on August 15, 2015.

F4: The reporting person has 13,792 restricted stock units that have not yet vested and settled. These restricted stock units have been moved to Table I and are not reported under Table II.

F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $77.28 per share to $77.50 per share, inclusive. The reporting person undertakes to provide Diamondback Energy, Inc., any security holder of Diamondback Energy, Inc., or the staff of the Securities and Exchange Commission upon request full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (5) to this Form 4.