SEC Form 4 · accession 0000899243-18-004348
Diamondback Energy, Inc. · FANG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael L. Hollis
Officer — President and COO
Period of report
Feb 13, 2018
Accepted (ET)
Feb 15, 2018 · 9:13 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001539838
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Feb 13, 2018 | A | 11,835 | $0.00 | A | 72,855 | I | By MBH Investments, Ltd. |
| Common StockF3,F2 | Feb 14, 2018 | A | 60,112 | $0.00 | A | 132,967 | I | By MBH Investments, Ltd. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These securities are restricted stock units, each representing a contingent right to receive one share of common stock, par value $0.01 per share, of the issuer. These restricted stock units were granted under the issuer's equity incentive plan and will vest in three equal annual installments beginning on February 21, 2018.
- F2These securities are performance based restricted stock units for the performance period January 1, 2016 to December 31, 2017 that were granted under the issuer's equity incentive plan. All of these performance based restricted stock units vested as of December 31, 2017 upon certification by the issuer's compensation committee of attainment of the applicable performance conditions on February 14, 2018.
- F3These securities are held by MBH Investments, Ltd., which is managed by MBH Financial, LLC, its general partner. Mr. Hollis, his spouse, and the Hollis 2014 Irrevocable Trust hold 100% of the membership interests in MBH Financial, LLC, of which Mr. Hollis is the manager.