SEC Form 4 · accession 0001140361-15-034464
Diamondback Energy, Inc. · FANG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Charles E Davidson
10% Owner
WEXFORD CAPITAL LP
Director
Joseph Jacobs
10% Owner
Wexford GP LLC
10% Owner
Period of report
Sep 2, 2015
Accepted (ET)
Sep 4, 2015 · 4:05 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 |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01F2,F3,F4 | Sep 2, 2015 | S | 50,000 | $67.2266 | D | 542,996 | I | See footnotes |
| Common Stock, par value $0.01F2,F3,F4 | Sep 3, 2015 | S | 70,000 | $68.4236 | D | 472,996 | I | See footnotes |
| Common Stock, par value $0.01F1 | holding | — | — | — | 77,054 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Since the date of the last group filing, Wexford Capital LP ("Wexford") received 1,578 Restricted Stock Units ("RSUs") which were granted to Steve West in respect of his service as a member of the Board of Directors of the Issuer, and assigned by Mr. West to Wexford. Of these RSUs, 526 vested on August 25, 2015 and the remaining 1,052 RSU will vest in two equal annual installments beginning on July 1, 2016. The grant of these RSUs was reported on a Form 4 filed by Mr. West on September 1, 2015. All such RSUs are included herein.
- F2The securities disposed of were held by DB Energy Holdings LLC ("DB Energy"), Wexford Catalyst Fund, L.P. ("WCF"), Wexford Spectrum Fund, L.P. ("WSF"), Spectrum Intermediate Fund Limited ("SIF") and Catalyst Intermediate Fund Limited ("CIF" and, together with DB Energy, WCF, WSF and SIF, the "Funds").
- F3This form is jointly filed by Wexford, Charles E. Davidson ("Davidson"), Joseph M. Jacobs ("Jacobs"), and Wexford GP LLC ("Wexford GP"). The common stock shown as beneficially owned by Davidson, Jacobs, Wexford GP and Wexford reflect common stock owned of record by the Funds. Wexford serves as manager, investment advisor or sub advisor of each of the Funds, and as such may be deemed to share beneficial ownership of the securities beneficially owned by the Funds. Wexford GP, as the general partner of Wexford, may be deemed to share beneficial ownership of the securities beneficially owned by the Funds. (continued under Footnote (4) below)
- F4(continued from Footnote (3) above) Davidson and Jacobs, as the controlling persons of Wexford GP, may be deemed to share beneficial ownership of any securities beneficially owned by the Funds for which Wexford serves as manager, investment advisor or sub advisor. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of his or its actual pecuniary interest therein.