SEC Form 4 · accession 0001140361-16-078213
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 28, 2016
Accepted (ET)
Aug 30, 2016 · 4:23 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 28, 2016 | A | 1,359 | $0.00 | A | 1,359 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F11. These securities are restricted stock units that were granted under Diamondback Energy, Inc.'s (the "Issuer") 2012 Equity Incentive Plan. 453 of these restricted stock units vested on August 28, 2016, and the remaining 906 restricted stock units will vest in two equal annual installments beginning on July 1, 2017. 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.