Diamondback Energy, Inc. — Director's Dealing 2014

Mar 12, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Diamondback Energy, Inc. (FANG)
CIK: 0001539838
Period of Report: 2014-03-10

Reporting Person: White Jeffrey L. (VP Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-03-10	Common Stock	M	2610	$0.00	Acquired	2610	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-03-10	Restricted Stock Units	$0.00	M	2610	Disposed		Common Stock (2610)	Direct

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of common stock, par value $0.01 per share (the "Common Stock"), of Diamondback Energy, Inc. (the "Issuer") and was granted under the Issuer's 2012 Equity Incentive Plan.

F2: Of the remaining 22,363 restricted stock units, 17,143 restricted stock units will vest in two approximately equal annual installments beginning on September 30, 2014, and 5,220 restricted stock units will vest in two equal annual installments beginning on January 2, 2015.

F3: As of March 10, 2014, 2,610 restricted stock units granted under the Issuer's 2012 Equity Incentive Plan were vested and settled.