Diamondback Energy, Inc. — Director's Dealing 2016

Mar 7, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Diamondback Energy, Inc. (FANG)
CIK: 0001539838
Period of Report: 2016-03-04

Reporting Person: Pantermuehl Russell (VP Reservoir Engineering)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-03-04	Common Stock	M	4000	$17.50	Acquired	81514	Direct
2016-03-04	Common Stock	S	4000	$76.0017	Disposed	77514	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-03-04	Stock Option (right to buy)	$17.5	M	4000	Disposed	2016-08-15	Common Stock (4000.0)	Direct

Footnotes

F1: The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $76.00 per share to $76.02 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 range set forth in this footnote.

F2: All of these options to purchase 4,000 shares of common stock of the issuer were vested at the time of exercise.

F3: The remaining options to purchase 4,000 shares of common stock vested on August 18, 2015.