Diamondback Energy, Inc. — Director's Dealing 2014

Mar 14, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Diamondback Energy, Inc. (FANG)
CIK: 0001539838
Period of Report: 2014-03-12

Reporting Person: Pantermuehl Russell (VP Reservoir Engineering)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-03-12	Common Stock	M	5000	$17.50	Acquired	9925	Direct
2014-03-12	Common Stock	S	5000	$62.5339	Disposed	4925	Direct
2014-03-12	Common Stock	M	5000	$17.50	Acquired	9925	Direct
2014-03-12	Common Stock	S	5000	$62.461	Disposed	4925	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-03-12	Stock Option (right to buy)	$17.50	M	5000	Disposed	2016-08-15	Common Stock (5000)	Direct
2014-03-12	Stock Option (right to buy)	$17.50	M	5000	Disposed	2016-08-15	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 August 13, 2013. Of the remaining options, options to purchase 15,000 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.

F2: All of these options to purchase 5,000 shares of common stock of the issuer were vested as of August 13, 2013. Of the remaining options, options to purchase 10,000 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.