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Diamondback Energy's VP and Chief Operating Officer just disposed of 2,000 shares

Michael L. Hollis, Diamondback Energy's VP and Chief Operating Officer, recently disposed of 2,000 shares of the company. The disposals took place at prices ranging from $80.26 to $81.48 per share, on April 11, 2016. Hollis still owns 81,525 shares of the company. Hollis operates out of Midland, TX. Some additional info was provided as follows:

The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan. The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $80.00 per share to $80.86 per share, inclusive. The reporting person undertakes to provide to Diamondback Energy, Inc., any security holder of Diamondback Energy, Inc., or the staff of the Securitie s and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 2 and 4 of this Form 4. These 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. The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $81.03 per share to $81.70 per share, inclusive.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

Diamondback Energy's VP Reservoir Engineering just disposed of 2,000 shares - April 15, 2016