Diamondback Energy, Inc. — Director's Dealing 2014

Jun 23, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Diamondback Energy, Inc. (FANG)
CIK: 0001539838
Period of Report: 2014-06-20

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-06-20	Common Stock	M	10000	$17.50	Acquired	10788	Direct
2014-06-20	Common Stock	S	10000	$90.0591	Disposed	788	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-06-20	Stock Option (right to buy)	$17.50	M	10000	Disposed	2016-09-01	Common Stock (10000)	Direct

Footnotes

F1: All of these options to purchase 10,000 shares of common stock of the issuer were vested as of September 1, 2013.

F2: Of the remaining options, options to purchase 6,910 shares of common stock are vested and options to purchase 25,000 shares of common stock will vest in two equal annual installments beginning on September 1, 2014.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $90.000 per share to $90.420 per share, 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 footnote (3) to this Form 4.