SEC Form 4 · accession 0001539838-19-000026
Diamondback Energy, Inc. · FANG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael L. Hollis
Officer — President and COO · Director
Period of report
Mar 1, 2019
Accepted (ET)
Mar 5, 2019 · 6:06 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 StockF1,F2 | Mar 1, 2019 | A | 17,577 | $0.00 | A | 137,407 | I | By MBH Investments, Ltd. |
| Common StockF3,F2 | Mar 1, 2019 | F | 2,306 | $0.00 | D | 135,101 | I | By MBH Investments, Ltd. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These securities are restricted stock units, each representing a contingent right to receive one share of common stock, par value $0.01 per share, of the issuer. These restricted stock units were granted under the issuer's equity incentive plan and will vest in three equal installments beginning on March 1, 2019.
- F2These securities are held by MBH Investments, Ltd., which is managed by MBH Financial, LLC, its general partner. Mr. Hollis, his spouse, and the Hollis 2014 Irrevocable Trust hold 100% of the membership interests in MBH Financial, LLC, of which Mr. Hollis is the manager.
- F3The issuer withheld shares of common stock that would have otherwise been issuable to the reporting person to satisfy the issuer's tax withholding obligations in connection with the vesting and settlement of one-third of the restricted stock units granted on March 1, 2019. The number of shares of common stock withheld was determined based on the closing price per share of the issuer's common stock on March 1, 2019.