Diamondback Energy, Inc. — Director's Dealing 2014

Jul 3, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Diamondback Energy, Inc. (FANG)
CIK: 0001539838
Period of Report: 2014-07-01

Reporting Person: Stice Travis D. (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-07-01	Common Stock	M	75000	$17.50	Acquired	89705	Direct
2014-07-01	Common Stock	S	48178	$88.8534	Disposed	41527	Direct
2014-07-01	Common Stock	S	26822	$89.9405	Disposed	14705	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-07-01	Stock Option (right to buy)	$17.50	M	75000	Disposed	2016-04-18	Common Stock (75000)	Direct

Footnotes

F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 20, 2014.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $88.4600 to $89.3700, inclusive. The reporting person undertakes to provide to 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 footnotes (2) and (3) to this Form 4.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $89.4700 to $90.1100, inclusive.

F4: All of these options to purchase 75,000 shares of common stock of the issuer were vested at the time of exercise. The remaining options to purchase 75,000 shares of common stock will vest on April 18, 2015.