SEC Form 4 · accession 0001104659-15-084733
Ares Management Corp · ARES
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael D Weiner
Officer — EVP, CLO & Secretary
Period of report
Dec 14, 2015
Accepted (ET)
Dec 14, 2015 · 7:22 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,F2 | Dec 14, 2015 | P | 2,000 | $12.7456 | A | 38,947 | D | |
| Common UnitsF3 | holding | — | — | — | 154,572 | 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 $12.741 to $12.75, 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.
- F2In addition to Common Units, the Reporting Person owns 592,618 Ares Operating Group Units, which are exchangeable for Common Units on a one-for-one basis (subject to the terms of an exchange agreement)
- F3The 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.