SEC Form 4 · accession 0001209191-15-028147

Diamondback Energy, Inc. · FANG

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — VP Land

Period of report

Mar 18, 2015

Accepted (ET)

Mar 20, 2015 · 2:22 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
Common Stock	Mar 18, 2015	M	5,713	$22.70	A	21,168	D
Common Stock^F2	Mar 18, 2015	S	5,713	$72.0594	D	15,455	D
Common Stock^F3	Mar 18, 2015	S	4,532	$72.0082	D	10,923	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Option (right to buy)^F1	$22.70	Mar 18, 2015	M	5,713	D	—	Jan 31, 2018	Common Stock	5,713	25,000	D

F1All of these options to purchase 5,713 shares of common stock of the issuer were vested at the time of exercise. The remaining options to purchase 25,000 shares of common stock of the issuer will vest in two equal annual installments beginning on February 1, 2016.
F2The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $72.00 to $72.14 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 $72.00 to $72.04 per share, inclusive.