Diamondback Energy, Inc. — Director's Dealing 2017

Feb 22, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Diamondback Energy, Inc. (FANG)
CIK: 0001539838
Period of Report: 2017-02-16

Reporting Person: Stice Travis D. (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-16	Common Stock	A	71666	—	Acquired	261112	Indirect
2017-02-16	Common Stock	A	22230	—	Acquired	283342	Indirect

Footnotes

F1: These securities are performance based restricted stock units for the performance period January 1, 2014 to December 31, 2016 that were granted under the issuer's equity incentive plan. All of these performance based restricted stock units vested as of December 31, 2016 upon certification by the issuer's compensation committee of attainment of the applicable performance conditions on February 16, 2017.

F2: These securities are held by Stice Investments, Ltd., which is managed by Stice Management, LLC, its general partner. Mr. Stice and his spouse hold 100% of the membership interests in Stice Management, LLC, of which Mr. Stice is the manager.

F3: These securities are restricted stock units that were granted under the issuer's equity incentive plan. 7,410 of these restricted stock units vested on February 16, 2017, and the remaining 14,820 restricted stock units will vest in two equal annual installments beginning on February 16, 2018.