X0306 4 2016-02-10 0 0001594466 Parsley Energy, Inc. PE 0001606914 Sheffield Bryan 303 COLORADO STREET, SUITE 3000 AUSTIN TX 78701 1 1 1 0 See Remarks Class A common stock 2016-02-10 4 S 0 1200 16.72 D 12451675 D Class A common stock 2016-02-10 4 S 0 34515 16.22 D 12417160 D Class A common stock 1711269 I By Sheffield Energy Management, LLC Class B common stock 22716573 D Class B common stock 1802178 I By Sheffield Energy Management, LLC The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. Sheffield on March 3, 2015. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.61 to $16.97, inclusive. The reporting person undertakes to provide to Parsley Energy, Inc., any security holder of Parsley 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 (2) and (3) to 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 $15.64 to $16.59, inclusive. Mr. Sheffield has voting and dispositive power over these shares. Each share of Class B common stock has no economic rights but entitles its holder to one vote on all matters to be voted on by stockholders generally. Director, President and Chief Executive Officer /s/ Bryan Sheffield, by Colin Roberts, as Attorney-in-Fact 2016-02-10