Diamondback Energy, Inc. — Director's Dealing 2014

Mar 24, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Diamondback Energy, Inc. (FANG)
CIK: 0001539838
Period of Report: 2014-03-21

Reporting Person: Pantermuehl Russell (VP Reservoir Engineering)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-03-21	Common Stock	M	800	$17.50	Acquired	5725	Direct
2014-03-21	Common Stock	S	800	$65.00	Disposed	4925	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-03-21	Stock Option (right to buy)	$17.50	M	800	Disposed	2016-08-15	Common Stock (800)	Direct

Footnotes

F1: All of these options to purchase 800 shares of common stock of the issuer were vested as of August 15, 2013.

F2: Of the remaining options, options to purchase 6,700 shares of common stock are vested and options to purchase 50,000 shares of common stock will vest in two equal annual installments beginning on August 15, 2014.