SEC Form 4 · accession 0001209191-15-017900
Diamondback Energy, Inc. · FANG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul Molnar
Officer — VP Geoscience
Period of report
Feb 20, 2015
Accepted (ET)
Feb 24, 2015 · 5:04 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 Stock | Feb 20, 2015 | M | 10,000 | $17.50 | A | 36,648 | D | |
| Common StockF2 | Feb 20, 2015 | S | 9,700 | $75.5388 | D | 26,948 | D | |
| Common StockF3 | Feb 20, 2015 | S | 300 | $76.2533 | D | 26,648 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F1 | $17.50 | Feb 20, 2015 | M | 10,000 | D | — | Aug 15, 2016 | Common Stock | 10,000 | 35,000 | D |
Explanation of responses
- F1All of these options to purchase 10,000 shares of common stock of the issuer were vested at the time of exercise. Of the remaining options to purchase 35,000 shares of common stock of the issuer, options to purchase 10,000 shares of common stock are vested and options to purchase 25,000 shares of common stock will vest on August 15, 2015.
- F2The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $75.000 per share to $75.930 per share, inclusive. The reporting person undertakes to provide to Diamondback Energy, Inc., any security holder of Diamondback Energy, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) and (3) of this Form 4.
- F3The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $76.010 per share to $76.500 per share, inclusive.