Diamondback Energy, Inc. — Director's Dealing 2015

Mar 20, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Diamondback Energy, Inc. (FANG)
CIK: 0001539838
Period of Report: 2015-03-18

Reporting Person: Moses Elizabeth (VP Land)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-03-18	Common Stock	M	5713	$22.70	Acquired	21168	Direct
2015-03-18	Common Stock	S	5713	$72.0594	Disposed	15455	Direct
2015-03-18	Common Stock	S	4532	$72.0082	Disposed	10923	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-03-18	Stock Option (right to buy)	$22.70	M	5713	Disposed	2018-01-31	Common Stock (5713)	Direct

Footnotes

F1: All of these options to purchase 5,713 shares of common stock of the issuer were vested at the time of exercise. The remaining options to purchase 25,000 shares of common stock of the issuer will vest in two equal annual installments beginning on February 1, 2016.

F2: The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $72.00 to $72.14 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) of 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 $72.00 to $72.04 per share, inclusive.