Diamondback Energy, Inc. — Director's Dealing 2014

Sep 16, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Diamondback Energy, Inc. (FANG)
CIK: 0001539838
Period of Report: 2014-09-12

Reporting Person: Hollis Michael L. (VP Drilling)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-09-12	Common Stock	M	8572	—	Acquired	25919	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-09-12	Restricted Stock Units	$	M	8572	Disposed		Common Stock (8572)	Direct

Footnotes

F1: Restricted stock units convert into common stock on a one-for-one basis.

F2: This number includes 14,422 restricted stock units that have not yet vested and settled, which were previously reported on Table II. Of these 14,422 restricted stock units, 8,572 will vest on September 12, 2015, and 5,850 restricted stock units will vest in two equal annual installments beginning on January 2, 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.

F3: On October 11, 2012, the reporting person was granted 34,287 restricted stock units, of which 17,143 have previously vested and settled and 8,572 restricted stock units vested and settled on September 12, 2014. The remaining 8,572 restricted stock units will vest on September 12, 2015.

F4: The reporting person has 14,422 restricted stock units that have not yet vested and settled. These restricted stock units have been moved to Table I and are not reported under Table II.