SEC Form 4 · accession 0001539838-15-000031
Diamondback Energy, Inc. · FANG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael L. Hollis
Officer — VP Drilling
Period of report
Jun 17, 2015
Accepted (ET)
Jun 19, 2015 · 9:37 am 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 | Jun 17, 2015 | M | 1,670 | $17.50 | A | 37,589 | D | |
| Common StockF1 | Jun 17, 2015 | S | 1,670 | $80.9008 | D | 35,919 | 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,F3 | $17.50 | Jun 17, 2015 | M | 1,670 | D | — | Sep 12, 2016 | Common Stock | 1,670 | 25,000 | 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 $80.77 to $81.29, 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 1,670 shares of common stock of the issuer were vested at the time of exercise.
- F3All of the remaining options to purchase 25,000 shares of common stock of the issuer will vest on September 12, 2015.