SEC Form 4 · accession 0001104659-19-002983
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
Jan 20, 2019
Accepted (ET)
Jan 23, 2019 · 5:00 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 |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1,F2,F3,F4 | Jan 20, 2019 | A | 15,901 | $0.00 | A | 553,075 | D | |
| Class A Common Stock | holding | — | — | — | 2,700 | I | By Retirement Savings Plan | |
| Class A Common Stock | holding | — | — | — | 7,387 | I | By Spouse's SEP IRA | |
| Class A Common Stock | holding | — | — | — | 28,282 | I | By Reporting Person & Spouse as joint tenants with right of survivorship | |
| Class A Common Stock | holding | — | — | — | 5,003 | I | By IRA |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reflects a grant of 15,901 restricted units granted on January 20, 2019, each of which represents the right to receive one share of Class A Common Stock upon vesting. The restrictions on such units are scheduled to lapse in three equal installments on January 20, 2020, 2021 and 2022. Also includes 250,000 restricted units granted on November 1, 2018, each of which represents the right to receive one share of Class A Common Stock 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 8,645 restricted units granted on January 20, 2018, each of which represents the right to receive one share of Class A Common Stock upon vesting. The restrictions on such units are scheduled to lapse in four equal installments on January 20, 2019, 2020, 2021 and 2022.(Continued in Footnote 2)
- F2In connection with the vesting on January 20, 2019, the reporting person received 1,423 shares of Class A Common Stock, with the remaining 739 shares of Class A Common Stock 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 share of Class A Common Stock upon vesting. The restrictions on such units are scheduled to lapse on January 31, 2022. Also includes a grant of 9,440 restricted units, each of which represents the right to receive one share of Class A Common Stock 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 1,541 shares of Class A Common Stock, with the remaining 819 shares of Class A Common Stock withheld to cover taxes on this transaction.(Continued in Footnote 3)
- F3In connection with the vesting on January 20, 2019, the reporting person received 1,562 shares of Class A Common Stock, with the remaining 798 shares of Class A Common Stock 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 share of Class A Common Stock upon vesting. The restrictions on such units are scheduled to lapse on August 15, 2021. Also includes a grant of 13,530 restricted units, each of which represents the right to receive one share of Class A Common Stock 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 shares of Class A Common Stock, with the remaining 1,798 shares of Class A Common Stock withheld to cover taxes on this transaction. (Continued in Footnote 4)
- F4In connection with the vesting on January 20, 2019, the reporting person received 2,673 shares of Class A Common Stock, with the remaining 1,837 shares of Class A Common Stock withheld to cover taxes on this transaction. Also includes a grant of 51,754 restricted units, each of which represents the right to receive one share of Class A Common Stock 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 shares of Class A Common Stock, with the remaining 8,949 shares of Class A Common Stock withheld to cover taxes on this transaction.