Diamondback Energy, Inc. — Director's Dealing 2014

Mar 12, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Diamondback Energy, Inc. (FANG)
CIK: 0001539838
Period of Report: 2014-03-10

Reporting Person: HOLDER RANDALL J (VP, General Counsel, Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-03-10	Common Stock	M	2280	$0.00	Acquired	2280	Direct
2014-03-10	Common Stock	S	2280	$62.9747	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-03-10	Restricted Stock Units	$0.00	M	2280	Disposed		Common Stock (2280)	Direct

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of common stock, par value $0.01 per share (the "Common Stock"), of Diamondback Energy, Inc. (the "Issuer") and was granted under the Issuer's 2012 Equity Incentive Plan.

F2: Of the remaining 13,131 restricted stock units, 8,571 restricted stock units will vest in two approximately equal annual installments beginning on November 18, 2014, and 4,560 restricted stock units will vest in two equal annual installments beginning on January 2, 2015.

F3: As of March 10, 2014, 2,280 restricted stock units granted under the Issuer's 2012 Equity Incentive Plan were vested and settled.