X0306 4 2014-05-29 0 0001594466 Parsley Energy, Inc. PE 0001606916 Roberts Colin 500 W. TEXAS AVE., TOWER I, SUITE 200 MIDLAND TX 79701 0 1 0 0 See Remarks Class A common stock 2014-05-29 4 A 0 20307 0.00 A 20307 D Class A common stock 2014-05-29 4 A 0 29127 0.00 A 49434 I By HHR Energy, LLC Class A common stock 2014-05-29 4 A 0 248527 0.00 A 297961 D Class A common stock 2014-05-29 4 A 0 24405 0.00 A 322366 D Upon closing of the Issuer's initial public offering, (i) the Limited Liability Company Agreement of Parsley Energy, LLC ("Parsley LLC"), of which the Issuer is the managing member, was amended and restated to, among other things, convert all of the membership interests (including outstanding incentive units) in Parsley LLC held by its existing owners, into a single class of units in Parsley LLC referred to as Parsley Energy, LLC Membership Units (the "Recapitalization") and (ii) Mr. Roberts contributed 20,307 of his Parsley Energy, LLC Membership Units to the Issuer in exchange for an equal number of shares of Class A common stock. In connection with the Recapitalization, HHR Energy, LLC contributed 29,127 Parsley Energy, LLC Membership Units to the Issuer in exchange for an equal number of shares of Class A common stock. Mr. Roberts has voting and dispositive power over these shares but disclaims beneficial ownership over these shares in excess of his pecuniary interest in these shares. HHR Energy, LLC is an entity owned by Mr. Roberts and certain members of his family. In connection with the Issuer's initial public offering, pursuant to the Agreement and Plan of Merger, dated May 29, 2014, between the Issuer and Parsley Energy Employee Holdings, LLC ("PEEH"), PEEH merged with and into the Issuer (the "Merger") and the members of PEEH received shares of Class A common stock in exchange for the membership interests in PEEH. Mr. Roberts received 248,527 shares of Class A common stock in the Merger. Restricted Stock Award pursuant to the Parsley Energy, Inc. 2014 Long Term Incentive Plan. The award vests in full on the fourth anniversary of the grant date. Vice President-General Counsel and Corporate Secretary /s/ Colin Roberts 2014-06-02