SEC Form 4 · accession 0001104659-18-003642
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
Jan 20, 2018
Accepted (ET)
Jan 23, 2018 · 8:33 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,F3 | Jan 20, 2018 | A | 8,299 | $0.00 | A | 90,185 | D | |
| Common UnitsF4 | holding | — | — | — | 154,572 | I | By Ares Owners Holdings L.P. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reflects a grant of 8,299 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 25,000 restricted units granted on January 31, 2017, 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 9,709 restricted units granted on January 20, 2017, 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. In connection with the vesting on January 20, 2018, the reporting person received 1,621 Common Units, with the remaining 807 Common Units withheld to cover taxes on this transaction.(Continued in Footnote 2)
- F2Also includes 15,281 restricted units granted on January 20, 2016, 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, 2017, 2018, 2019 and 2020. In connection with the vesting on January 20, 2017, the reporting person received 2,474 Common Units, with the remaining 1,347 Common Units withheld to cover taxes on this transaction. In connection with the vesting on January 20, 2018, the reporting person received 2,550 Common Units, with the remaining 1,270 Common Units withheld to cover taxes on this transaction. Also includes 28,947 restricted units granted on May 1, 2014, each of which represents the right to receive one Common Unit upon vesting. The restrictions are scheduled to lapse in three equal installments on May 1, 2017, 2018 and 2019.(Continued in Footnote 3)
- F3In connection with the vesting on May 1, 2017, the reporting person received 6,022 Common Units, with the remaining 3,627 Common Units withheld to cover taxes on this transaction.
- 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.