SEC Form 4 · accession 0001104659-15-022697
Ares Management Corp · ARES
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael R McFerran
Officer — EVP, CFO & Treasurer
Period of report
Mar 23, 2015
Accepted (ET)
Mar 25, 2015 · 4:28 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001176948
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common UnitsF2 | Mar 23, 2015 | A | 27,248 | $0.00 | A | 27,248 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (Right to Buy)F3 | $18.35 | Mar 23, 2015 | A | 254,453 | A | — | Mar 23, 2025 | Common Units | 254,453 | 254,453 | D |
Explanation of responses
- F1These units were acquired by the reporting person upon commencing employment with the Issuer on March 23, 2015.
- F2Reflects a grant of restricted units, each of which represents the right to receive one common unit representing limited partnership interests of the Issuer upon vesting. The restrictions are scheduled to lapse in three equal installments on March 23, 2018, 2019 and 2020.
- F3The option is scheduled to vest in three equal installments on March 23, 2018, 2019 and 2020.