SEC Form 4 · accession 0001104659-17-005918
Ares Management Corp · ARES
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael R McFerran
Officer — EVP & CFO
Period of report
Jan 20, 2017
Accepted (ET)
Feb 1, 2017 · 8:31 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 | Jan 20, 2017 | A | 11,462 | $0.00 | A | 198,659 | D | |
| Common UnitsF3,F4 | Jan 31, 2017 | A | 100,000 | $0.00 | A | 298,659 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reflects a grant of 11,462 restricted units, each of which represents the right to receive one Common Unit upon vesting. The restrictions on such units are scheduled to lapse in four equal installments on January 20, 2018, 2019, 2020 and 2021. Also includes 100,000 restricted units granted on August 15, 2016, each of which represents the right to receive one Common Unit upon vesting. The restrictions on such units are scheduled to lapse on August 15, 2021. Also includes 36,497 restricted units granted on March 23, 2016, each of which represents the right to receive one Common Unit upon vesting. (Continued in Footnote 2)
- F2The restrictions on such units are scheduled to lapse in three equal installments on March 23, 2019, 2020 and 2021. Also includes 15,068 restricted units granted on January 20, 2016, each of which represents the right to receive one Common Unit upon vesting. The restrictions on such units are scheduled to lapse in four equal installments on January 20, 2017, 2018, 2019 and 2020. In connection with the vesting on January 20, 2017, the reporting person received 2,151 Common Units, with the remaining 1,616 Common Units withheld to cover taxes on this transaction. Also includes 27,248 restricted units granted on March 23, 2015, each of which represents the right to receive one Common Unit upon vesting. The restrictions on such units are scheduled to lapse in three equal installments on March 23, 2018, 2019 and 2020.
- F3Reflects a grant of 100,000 restricted units, each of which represents the right to receive one Common Unit upon vesting. The restrictions on such units are scheduled to lapse on January 31, 2022. Also includes a grant of 11,462 restricted units, each of which represents the right to receive one Common Unit upon vesting. The restrictions on such units are scheduled to lapse in four equal installments on January 20, 2018, 2019, 2020 and 2021. Also includes 100,000 restricted units granted on August 15, 2016, each of which represents the right to receive one Common Unit upon vesting. The restrictions on such units are scheduled to lapse on August 15, 2021. Also includes 36,497 restricted units granted on March 23, 2016, each of which represents the right to receive one Common Unit upon vesting. (Continued in Footnote 4)
- F4The restrictions on such units are scheduled to lapse in three equal installments on March 23, 2019, 2020 and 2021. Also includes 15,068 restricted units granted on January 20, 2016, each of which represents the right to receive one Common Unit upon vesting. The restrictions on such units are scheduled to lapse in four equal installments on January 20, 2017, 2018, 2019 and 2020. In connection with the vesting on January 20, 2017, the reporting person received 2,151 Common Units, with the remaining 1,616 Common Units withheld to cover taxes on this transaction. Also includes 27,248 restricted units granted on March 23, 2015, each of which represents the right to receive one Common Unit upon vesting. The restrictions on such units are scheduled to lapse in three equal installments on March 23, 2018, 2019 and 2020.