Diamondback Energy, Inc. — Director's Dealing 2014

Dec 18, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Diamondback Energy, Inc. (FANG)
CIK: 0001539838
Period of Report: 2014-12-17

Reporting Person: WEXFORD CAPITAL LP (Director, 10% Owner)
Reporting Person: DAVIDSON CHARLES E (10% Owner)
Reporting Person: JACOBS JOSEPH (10% Owner)
Reporting Person: Wexford GP LLC (10% Owner)
Reporting Person: DB Energy Holdings LLC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-12-17	Common Stock, par value $0.01	A	63786	—	Acquired	75476	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $0.01	5832447	Indirect

Footnotes

F1: The securities acquired were issued in payment for certain services provided under the Advisory Services Agreement dated October 11, 2012 between the Issuer and Wexford Capital LP ("Wexford").

F2: This form is jointly filed by Wexford, Charles E. Davidson ("Davidson"), Joseph M. Jacobs ("Jacobs"), Wexford GP LLC ("Wexford GP") and DB Energy Holdings LLC ("DB Energy"). The common stock shown as beneficially owned by Davidson, Jacobs, Wexford GP and Wexford reflect common stock owned of record by the DB Energy, Wexford Spectrum Fund, L.P. ("WSF"), Wexford Catalyst Fund, L.P. ("WCF"), Spectrum Intermediate Fund Limited ("SIF") and Catalyst Intermediate Fund Limited ("CIF", and together with DB Energy, WSF, WCF and SIF, the "Funds"). Wexford serves as manager, investment advisor or sub advisor of each of the Funds, and as such may be deemed to share beneficial ownership of the securities beneficially owned by the Funds. Wexford GP, as the general partner of Wexford, may be deemed to share beneficial ownership of the securities beneficially owned by the Funds. (continued under Footnote (3) below).

F3: (continued from Footnote (2) above) Davidson and Jacobs, as the controlling persons of Wexford GP, may be deemed to share beneficial ownership of any securities beneficially owned by the Funds for which Wexford serves as manager, investment advisor or sub advisor. Each of the Reporting Persons and each of the Funds disclaims beneficial ownership of the securities reported herein, except to the extent of his or its actual pecuniary interest therein.