Diamondback Energy, Inc. — Director's Dealing 2014

Mar 24, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Diamondback Energy, Inc. (FANG)
CIK: 0001539838
Period of Report: 2014-03-20

Reporting Person: Moses Elizabeth (VP Land)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-03-20	Common Stock	M	12500	$22.70	Acquired	14840	Direct
2014-03-20	Common Stock	S	12500	$65.2491	Disposed	2340	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-03-20	Stock Option (right to buy)	$22.70	M	12500	Disposed	2018-01-31	Common Stock (12500)	Direct

Footnotes

F1: All of these options to purchase 12,500 shares of common stock of the issuer were vested as of February 1, 2014.

F2: The remaining options to purchase 37,500 shares of Common Stock will vest in three equal annual installments beginning on February 1, 2015.