SEC Form 4 · accession 0001104659-19-004835
Ares Management Corp · ARES
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
R. Kipp deVeer
Officer — Partner
Period of report
Jan 31, 2019
Accepted (ET)
Jan 31, 2019 · 6:47 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 | Jan 31, 2019 | A | 100,000 | $0.00 | A | 877,121 | D | |
| Class A Common StockF3 | holding | — | — | — | 574,866 | 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 100,000 restricted units granted on January 31, 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 four equal installments on January 31, 2021, 2022, 2023 and 2024. Also includes a grant of 750,000 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 in four equal installments on January 1, 2019, 2020, 2021 and 2022. In connection with the vesting on January 1, 2019, the reporting person received 95,786 shares of Class A Common Stock, with the remaining 91,714 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. (Continued in Footnote 2)
- F2The restrictions on such units are scheduled to lapse on August 15, 2021. Also includes a grant of 28,947 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 May 1, 2017, 2018 and 2019. In connection with the vesting on May 1, 2017, the reporting person received 4,673 shares of Class A Common Stock, with the remaining 4,976 shares of Class A Common Stock withheld to cover taxes on this transaction. In connection with the vesting on May 1, 2018, the reporting person received 4,513 shares of Class A Common Stock, with the remaining 5,136 shares of Class A Common Stock withheld to cover taxes on this transaction.
- F3The reporting person or a vehicle controlled by him is a limited partner in Ares Owners Holdings L.P. ("AOH"), the direct holder of the shares of Class A Common Stock. The shares of Class A Common Stock indirectly held by the reporting person or the vehicle are the number of shares of Class A Common Stock that he or the vehicle has a right to receive as a limited partner in AOH.