Diamondback Energy, Inc. — Director's Dealing 2014

Jul 17, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Diamondback Energy, Inc. (FANG)
CIK: 0001539838
Period of Report: 2014-07-15

Reporting Person: Houston David L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-07-15	Common Stock	A	2802	$0.00	Acquired	9468	Direct

Footnotes

F1: These securities are restricted stock units that were granted under Diamondback Energy, Inc.'s (the "Issuer") 2012 Equity Incentive Plan. 934 of these restricted stock units vested on July 15, 2014, and the remaining 1,868 resticted stock units will vest in two equal annual installments beginning on July 1, 2015. Each restricted stock unit represents a contingent right to receive one share of common stock of the Issuer, par value $0.01 per share.

F2: This number includes 6,666 shares of common stock underlying restricted stock units granted in connection with the Issuer's IPO, which were previously reported in Table II. Of these 6,666 shares underlying restricted stock units, 4,444 have vested, and the remaining 2,222 restricted stock units will vest on October 11, 2014. Each restricted stock unit represents a contingent right to receive one share of common stock of the Issuer, par value $0.01 per share.