Diamondback Energy, Inc. — Director's Dealing 2016

Aug 3, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Viper Energy Partners LP (VNOM)
CIK: 0001602065
Period of Report: 2016-08-01

Reporting Person: Diamondback Energy, Inc. (10% Owner, Director by deputization)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-08-01	Common Units representing limited partner interests	P	2000000	$15.60	Acquired	72450000	Direct

Footnotes

F1: As of the date hereof, Diamondback Energy, Inc. owns 84% of the limited partner interests of Viper Energy Partners LP (the "Issuer") and a 100% limited liability company interest in Viper Energy Partners GP LLC, which owns a non-economic general partner interest in the Issuer. The Reporting Person may be deemed to be a director by deputization as a result of its ability to appoint the directors of Viper Energy Partners GP LLC.

F2: On August 1, 2016, Diamondback Energy, Inc. purchased 2,000,000 common units from the underwriters in an underwritten public offering by the Issuer at $15.60 per unit, which is the price per common unit paid by the underwriters to the Issuer.