Form Type: 4

SEC EDGAR Link
Accession Number:0001628280-20-009299
Date:2020-06-09
Issuer: ARES MANAGEMENT CORP (ARES)
Original Submission Date:

Reporting Person:

DEVEER R. KIPP
2000 AVENUE OF THE STARS
12TH FLOOR LOS ANGELES, CA 90067

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
CLASS A COMMON STOCK 2020-06-09 S 600 d $40.00 873,714 direct
CLASS A COMMON STOCK 2020-06-10 C 350,189 a $0.00 1,223,903 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
ARES OPERATING GROUP UNITS 0.0 2020-06-10 deemed execution date C 350,189 (d) class a common stock 350,189 $0.00 1,810,409 indirect by ares owners holdings l.p.
OPTIONS (RIGHT TO BUY) 19.0 2020-06-09 deemed execution date 0 ( ) 2024-04-30 class a common stock 126,820 $19.00 126,820 direct
Footnotes
IDfootnote
f1 this transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person or a vehicle controlled by him.
f2 includes 676,672 restricted units granted under the ares management corporation second amended and restated 2014 equity incentive plan. each restricted unit represents the right to receive one share of class a common stock upon vesting. the restricted units vest in installments in accordance with the applicable restricted unit award agreement.
f3 includes 676,672 restricted units granted under the ares management corporation second amended and restated 2014 equity incentive plan. each restricted unit represents the right to receive one share of class a common stock upon vesting. the restricted units vest in installments in accordance with the applicable restricted unit award agreement. the amount additionally includes 350,189 shares of class a common stock held by ares owners holdings l.p. ("aoh") on behalf of the reporting person, which were transferred to the reporting person.
f4 pursuant to the terms of the third amended and restated exchange agreement, dated as of may 4, 2018, among ares holdings inc., ares holdco llc, ares holdings l.p., ai holdco llc, ares investments l.p., ares ai holdings l.p., ares management corporation, ares management gp llc, ares offshore holdings l.p., aof holdco llc, ares offshore holdings, ltd., and each ares operating group limited partner (as defined in the exchange agreement), and subject to certain requirements and restrictions, (continued in footnote 4)
f5 the partnership units of the ares operating group ("aog units") are exchangeable for shares of class a common stock on a one-for-one basis, subject to the following transfer restrictions: up to 20% of the shares of class a common stock may be transferred in each of the subsequent five years after may 7, 2016.
f6 the reporting person is a limited partner in aoh, the direct holder of the shares of aog units. the aog units indirectly held by the reporting person are the number of aog units that he has a right to receive as a limited partner in aoh.
f7 the options are fully vested as of may 1, 2019.
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