Diamondback Energy, Inc. — Director's Dealing 2015

Oct 13, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Diamondback Energy, Inc. (FANG)
CIK: 0001539838
Period of Report: 2015-10-12

Reporting Person: White Jeffrey L. (VP - Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-10-12	Common Stock	S	3630	$75.7872	Disposed	12134	Direct
2015-10-12	Common Stock	M	25000	$17.50	Acquired	37134	Direct
2015-10-12	Common Stock	S	19662	$75.6757	Disposed	17472	Direct
2015-10-12	Common Stock	S	5338	$76.3692	Disposed	12134	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-10-12	Stock Option (right to buy)	$17.5	M	25000	Disposed	2016-09-30	Common Stock (25000.0)	Direct

Footnotes

F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 10, 2015.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.52 to $76.30, 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, 3 and 4 of this Form 4.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.20 to $76.18, inclusive.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $76.20 to $76.55, inclusive.

F5: All of these options to purchase 25,000 shares of common stock of the issuer vested on September 30, 2015.