Diamondback Energy, Inc. — Director's Dealing 2014

Nov 26, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Diamondback Energy, Inc. (FANG)
CIK: 0001539838
Period of Report: 2014-11-25

Reporting Person: Pantermuehl Russell (VP Reservoir Engineering)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-11-25	Common Stock	M	2400	$17.50	Acquired	28319	Direct
2014-11-25	Common Stock	S	1116	$68.262	Disposed	27203	Direct
2014-11-25	Common Stock	S	1284	$69.1843	Disposed	25919	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-11-25	Stock Option (right to buy)	$17.50	M	2400	Disposed	2016-08-15	Common Stock (2400)	Direct

Footnotes

F1: All of these options to purchase 2,400 shares of common stock of the issuer were vested at the time of exercise. Of the remaining options to purchase 47,600 shares of common stock of the issuer, options to purchase 22,600 shares of common stock are vested and options to purchase 25,000 shares of common stock will vest on August 15, 2015.

F2: The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $68.00 per share to $68.84 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 footnotes (2) and (3) to this Form 4.

F3: The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $69.07 per share to $69.26 per share, inclusive.