SEC Form 4 · accession 0001104659-15-081557
Ares Management Corp · ARES
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David B Kaplan
Officer — Co-Founder & Partner · Director
Period of report
Nov 24, 2015
Accepted (ET)
Nov 25, 2015 · 7:05 pm EST
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 UnitsF1 | Nov 24, 2015 | P | 5,993 | $13.9914 | A | 97,660 | I | By Trently Holdings, LLC |
| Common UnitsF2,F3 | Nov 25, 2015 | P | 5,993 | $14.1143 | A | 103,653 | I | By Trently Holdings, LLC |
| Common UnitsF4 | holding | — | — | — | 3,355,052 | I | By Ares Owners Holdings L.P. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $13.90 to $14.00, inclusive. The Reporting Person undertakes to provide Ares Management, L.P., any security holder of Ares Management, L.P. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote (1) to this Form 4.
- F2The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $14.08 to $14.15, inclusive. The Reporting Person undertakes to provide Ares Management, L.P., any security holder of Ares Management, L.P. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote (2) to this Form 4.
- F3In addition to Common Units, the Reporting Person owns 10,421,596 Ares Operating Group Units, which are exchangeable for Common Units on a one-for-one basis (subject to the terms of an exchange agreement).
- F4The reporting person or a vehicle controlled by him is a limited partner in Ares Owners Holdings L.P. ("AOH"), the direct holder of the common units representing limited partner interests (the "Common Units") of the Issuer. The Common Units indirectly held by the reporting person or the vehicle are the number of Common Units that he or the vehicle has a right to receive as a limited partner in AOH.