Diamondback Energy, Inc. — Director's Dealing 2014

Mar 17, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Diamondback Energy, Inc. (FANG)
CIK: 0001539838
Period of Report: 2014-03-13

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-03-13	Common Stock	S	1180	$64.1186	Disposed	2280	Direct
2014-03-13	Common Stock	S	180	$61.1611	Disposed	2100	Direct
2014-03-14	Common Stock	M	5000	$17.50	Acquired	7100	Direct
2014-03-14	Common Stock	S	5000	$64.00	Disposed	2100	Direct
2014-03-14	Common Stock	S	1000	$64.00	Disposed	1100	Direct
2014-03-14	Common Stock	S	312	$64.0288	Disposed	788	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-03-14	Stock Option (right to buy)	$17.50	M	5000	Disposed	2016-09-01	Common Stock (5000)	Direct

Footnotes

F1: All of these options to purchase 5,000 shares of common stock of the issuer were vested as of September 1, 2013.

F2: Of the remaining options, options to purchase 16,910 shares of common stock are vested and options to purchase 25,000 shares of common stock will vest in two approximately equal annual installments beginning on September 1, 2014.