Diamondback Energy, Inc. — Director's Dealing 2016

Feb 23, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Diamondback Energy, Inc. (FANG)
CIK: 0001539838
Period of Report: 2016-02-19

Reporting Person: Moses Elizabeth (VP Land)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-19	Common Stock	A	14040	—	Acquired	28974	Direct
2016-02-19	Common Stock	S	8700	$70.0979	Disposed	20274	Direct
2016-02-22	Common Stock	A	8115	—	Acquired	28389	Direct

Footnotes

F1: These securities are performance based restricted stock units that were granted under the issuer's 2012 Equity Incentive Plan for the performance period January 1, 2013 to December 31, 2015. All of these performance based restricted stock units vested as of December 31, 2015 upon certification by the issuer's compensation committee of attainment of the applicable performance conditions and settlement of these units on February 19, 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 $69.90 per share to $70.34 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.

F3: These securities are restricted stock units that were granted under the issuer's 2012 Equity Incentive Plan. 2,705 of these restricted stock units vested on February 22, 2016, and the remaining 5,410 restricted stock units will vest in two equal annual installments beginning on January 2, 2017.