SEC Form 4 · accession 0001104659-18-003641
Ares Management Corp · ARES
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ryan Berry
Officer — Ptr, Chief Mktg. & Strat. Off.
Period of report
Jan 20, 2018
Accepted (ET)
Jan 23, 2018 · 8:32 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, 2018 | A | 8,645 | $0.00 | A | 299,497 | D | |
| Common Units | holding | — | — | — | 2,700 | I | By Retirement Savings Plan | |
| Common Units | holding | — | — | — | 7,387 | I | By Spouse's SEP IRA | |
| Common Units | holding | — | — | — | 28,282 | I | By Reporting Person & Spouse as joint tenants with right of survivorship | |
| Common Units | holding | — | — | — | 5,003 | I | By IRA |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reflects a grant of 8,645 restricted units granted on January 20, 2018, 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, 2019, 2020, 2021 and 2022. Also includes a grant of 51,754 restricted units, each of which represents the right to receive one Common Unit upon vesting. The restrictions are scheduled to lapse in two equal installments on May 1, 2018 and 2019. Also includes a grant of 13,530 restricted units, each of which represents the right to receive one Common Unit upon vesting. The restrictions are scheduled to lapse in three equal installments on January 20, 2018, 2019 and 2020. In connection with the vesting on January 20, 2018, the reporting person received 2,712 Common Units, with the remaining 1,798 Common Units withheld to cover taxes on this transaction.(Continued in Footnote 2)
- F2Also includes a grant of 100,000 restricted units, each of which represents the right to receive one Common Unit upon vesting. The restrictions are scheduled to lapse on August 15, 2021. Also includes a grant of 9,440 restricted units, each of which represents the right to receive one Common Unit upon vesting. The restrictions are scheduled to lapse in four equal installments on January 20, 2018, 2019, 2020 and 2021. In connection with the vesting on January 20, 2018, the reporting person received 1,541 Common Units, with the remaining 819 Common Units withheld to cover taxes on this transaction. Also includes a grant of 100,000 restricted units, each of which represents the right to receive one Common Unit upon vesting. The restrictions are scheduled to lapse on January 31, 2022.