SEC Form 4 · accession 0001104659-18-065805
Ares Management Corp · ARES
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ryan Berry
Officer — Chief Mktg. & Strategy Officer
Period of report
Nov 1, 2018
Accepted (ET)
Nov 2, 2018 · 7:50 pm EDT
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 SharesF1,F2,F3 | Nov 1, 2018 | A | 250,000 | $0.00 | A | 540,548 | D | |
| Common Shares | holding | — | — | — | 2,700 | I | By Retirement Savings Plan | |
| Common Shares | holding | — | — | — | 7,387 | I | By Spouse's SEP IRA | |
| Common Shares | holding | — | — | — | 28,282 | I | By Reporting Person & Spouse as joint tenants with right of survivorship | |
| Common Shares | holding | — | — | — | 5,003 | I | By IRA |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reflects a grant of 250,000 restricted units granted on November 1, 2018, each of which represents the right to receive one Common Share upon vesting. The restrictions on such units are scheduled to lapse in four equal installments on November 1, 2020, 2021, 2022 and 2023. Also includes a grant of 8,645 restricted units granted on January 20, 2018, each of which represents the right to receive one Common Share 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 Share upon vesting. The restrictions on such units are scheduled to lapse in two equal installments on May 1, 2018 and 2019. In connection with the vesting on May 1, 2018, the reporting person received 16,928 Common Shares, with the remaining 8,949 Common Shares withheld to cover taxes on this transaction.(Continued in Footnote 2)
- F2Also includes a grant of 13,530 restricted units, each of which represents the right to receive one Common Share upon vesting. The restrictions on such units 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 Shares, with the remaining 1,798 Common Shares 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 Share upon vesting. The restrictions on such units 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 Share upon vesting. The restrictions on such units are scheduled to lapse in four equal installments on January 20, 2018, 2019, 2020 and 2021.(Continued in Footnote 3)
- F3In connection with the vesting on January 20, 2018, the reporting person received 1,541 Common Shares, with the remaining 819 Common Shares 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 Share upon vesting. The restrictions on such units are scheduled to lapse on January 31, 2022.