Diamondback Energy, Inc. — Director's Dealing 2016

Feb 29, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Diamondback Energy, Inc. (FANG)
CIK: 0001539838
Period of Report: 2016-02-25

Reporting Person: Moses Elizabeth (VP Land)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-25	Common Stock	M	5127	$22.70	Acquired	32366	Direct
2016-02-25	Common Stock	S	5127	$72.063	Disposed	27239	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-25	Stock Option (right to buy)	$22.7	M	5127	Disposed	2018-01-31	Common Stock (5127.0)	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 $72.00 per share to $72.23 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 5,127 shares of common stock of the issuer were vested at the time of exercise. Of the remaining options to purchase 19,873 shares of common stock of the issuer, options to purchase 7,373 shares of common stock vested on February 1, 2016, and options to purchase 12,500 shares of common stock will vest on February 1, 2017.