Franklin William W. 4
4 · Diamondback Energy, Inc. · Filed Oct 15, 2012
Insider Transaction Report
Form 4
Franklin William W.
VP Land
Transactions
- Award
Stock Option (right to buy)
2012-10-11+50,000→ 50,000 totalExercise: $17.50Exp: 2016-08-08→ Common Stock (50,000 underlying) - Award
Restricted Stock Units
2012-10-11+17,143→ 17,143 total→ Common Stock (17,143 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of common stock, par value $0.01 per share (the "Common Stock"), of Diamondback Energy, Inc. (the "Issuer")
- [F2]4,286 restricted stock units will be vested on the closing date of the initial public offering of the Issuer (the "IPO"). 12,857 restricted stock units will vest in three remaining approximately equal annual installments beginning on August 8, 2013. All restricted stock units are subject to a lock-up agreement entered into by the reporting person in connection with the IPO.
- [F3]Options to purchase 12,500 shares of Common Stock will be vested on the closing date of the IPO. Options to purchase 37,500 shares of Common Stock will vest in three remaining approximately equal annual installments beginning on August 8, 2013. All Options are subject to the terms of the reporting person's employment agreement and a lock-up agreement entered into by the reporting person in connection with the IPO.