SEC Form 4 · accession 0001602065-16-000059
Viper Energy Partners LP · VNOM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Diamondback Energy, Inc.
10% Owner · Other
Period of report
Aug 1, 2016
Accepted (ET)
Aug 3, 2016 · 5:53 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001602065
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Units representing limited partner interestsF1,F2 | Aug 1, 2016 | P | 2,000,000 | $15.60 | A | 72,450,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1As of the date hereof, Diamondback Energy, Inc. owns 84% of the limited partner interests of Viper Energy Partners LP (the "Issuer") and a 100% limited liability company interest in Viper Energy Partners GP LLC, which owns a non-economic general partner interest in the Issuer. The Reporting Person may be deemed to be a director by deputization as a result of its ability to appoint the directors of Viper Energy Partners GP LLC.
- F2On August 1, 2016, Diamondback Energy, Inc. purchased 2,000,000 common units from the underwriters in an underwritten public offering by the Issuer at $15.60 per unit, which is the price per common unit paid by the underwriters to the Issuer.