SEC Form 4 · accession 0001140361-15-034016
Diamondback Energy, Inc. · FANG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven E West
Director
Period of report
Aug 25, 2015
Accepted (ET)
Sep 1, 2015 · 1:53 pm EDT
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 |
|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | Aug 25, 2015 | A | 1,578 | $0.00 | A | 1,578 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These securities are restricted stock units that were granted under Diamondback Energy, Inc.'s (the "Issuer") 2012 Equity Incentive Plan. 526 of these restricted stock units vested on August 25, 2015, and the remaining 1,052 restricted stock units will vest in two equal annual installments beginning on July 1, 2016. Each restricted stock unit represents a contingent right to receive one share of common stock of the Issuer, par value $0.01 per share. These restricted stock units have been assigned to Wexford Capital LP under the terms of Mr. West's employment with Wexford Capital LP. As a result, Mr. West disclaims any pecuniary interest in these restricted stock units.