SEC Form 4 · accession 0001539838-15-000023
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
May 21, 2015
Accepted (ET)
May 26, 2015 · 5:17 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 | May 21, 2015 | M | 5,000 | $17.50 | A | 31,648 | D | |
| Common StockF1 | May 21, 2015 | S | 5,000 | $79.946 | 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)F2 | $17.50 | May 21, 2015 | M | 5,000 | D | — | Aug 15, 2016 | Common Stock | 5,000 | 30,000 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $79.58 per share to $80.03 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 range set forth in this footnote.
- F2All of these options to purchase 5,000 shares of common stock of the issuer were vested at the time of exercise. Of the remaining options to purchase 30,000 shares of common stock of the issuer, options to purchase 5,000 shares of common stock are vested and options to purchase 25,000 shares of common stock will vest on August 15, 2015.