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Filing Details

Accession Number:: 0001209191-14-070487
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2014-11-20 20:03:26
Reporting Period:: 2014-11-18

Filing Date:: 2014-11-20
Accepted Time:: 2014-11-20 20:03:26
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1539838	Diamondback Energy Inc.	FANG	Crude Petroleum & Natural Gas (1311)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1196107	J Randall Holder	500 West Texas, Suite 1200 Midland TX 79701	Vp, General Counsel, Secretary	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2014-11-18	4,286	$0.00	13,131	No	4	M	Direct
Common Stock	Disposition	2014-11-18	1,643	$63.69	11,488	No	4	S	Direct
Common Stock	Disposition	2014-11-18	500	$64.73	10,988	No	4	S	Direct
Common Stock	Disposition	2014-11-20	2,143	$66.55	8,845	No	4	S	Direct
Common Stock	Acquisiton	2014-11-20	12,500	$17.50	21,345	No	4	M	Direct
Common Stock	Disposition	2014-11-20	12,500	$66.35	8,845	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Units	Disposition	2014-11-18	4,286	$0.00	4,286	$0.00
Common Stock	Stock Option (right to buy)	Disposition	2014-11-20	12,500	$0.00	12,500	$17.50

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0			No	4	M	Direct
12,500		2016-11-18	No	4	M	Direct

Footnotes

This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 20, 2014.
This number includes 8,845 restricted stock units that have not yet vested and settled, which were previously reported on Table II. Of these 8,845 restricted stock units, 4,285 will vest on November 18, 2015, and 4,560 restricted stock units will vest in two equal annual installments beginning on January 2, 2015.
Restricted stock units convert into common stock on a one-for-one basis.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $63.170 to $64.015, 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 4 through 7 of this Form 4.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $64.290 to $64.990, inclusive.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $66.31 to $67.00, inclusive
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $66.180 to $67.010, inclusive.
On October 11, 2012, the reporting person was granted 17,143 restricted stock units, of which 8,572 restricted stock units have previously vested and settled and 4,286 restricted stock units vested on November 18, 2014. The remaining 4,285 restricted stock units will vest on November 18, 2015.
The reporting person has 8,845 restricted stock units that have not yet vested and settled. These restricted stock units have been moved to Table I and are not reported on Table II.
All options exercised vested on November 18, 2014. The remaining options to purchase 12,500 shares of common stock will vest on November 18, 2015.