SEC Form 4 · accession 0001104659-18-065807
Ares Management Corp · ARES
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael R McFerran
Officer — Partner, CFO & COO
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,F4 | Nov 1, 2018 | A | 250,000 | $0.00 | A | 612,845 | D |
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 22,989 restricted units granted on March 23, 2018, 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 March 23, 2021, 2022 and 2023. Also includes a grant of 12,103 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 January 20, 2019, 2020, 2021 and 2022.(Continued in Footnote 2)
- F2Also includes a grant of 27,248 restricted units granted on March 23, 2017, 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 March 23, 2020, 2021 and 2022. Also includes a grant of 100,000 restricted units granted on January 31, 2017, 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. Also includes a grant of 11,462 restricted units granted on January 20, 2017, 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. In connection with the vesting on January 20, 2018, the reporting person received 1,870 Common Shares, with the remaining 996 Common Shares withheld to cover taxes on this transaction.(Continued in Footnote 3)
- F3Also includes 100,000 restricted units granted on August 15, 2016, 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 36,497 restricted units granted on March 23, 2016, 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 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 Share upon vesting. The restrictions on such units are scheduled to lapse in four equal installments on January 20, 2017, 2018, 2019 and 2020.(Continued in Footnote 4)
- F4In connection with the vesting on January 20, 2017, the reporting person received 2,151 Common Shares, with the remaining 1,616 Common Shares withheld to cover taxes on this transaction. In connection with the vesting on January 20, 2018, the reporting person received 2,250 Common Shares, with the remaining 1,517 Common Shares 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 Share upon vesting. The restrictions on such units are scheduled to lapse in three equal installments on March 23, 2018, 2019 and 2020. In connection with the vesting on March 23, 2018, the reporting person received 5,942 Common Shares, with the remaining 3,141 Common Shares withheld to cover taxes on this transaction.