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Filing Details

Accession Number:: 0001104659-10-063389
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-12-17 18:22:20
Reporting Period:: 2010-12-15

Filing Date:: 2010-12-17
Accepted Time:: 2010-12-17 18:22:20
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
722723	Hanger Orthopedic Group Inc	HGR	Services-Specialty Outpatient Facilities, Nec (8093)	840904275

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1189523	Ares Corporate Opportunities Fund Lp	2000 Avenue Of The Stars, 12Th Floor Los Angeles CA 90067	No	No	Yes	No
1230743	Acof Management Lp	2000 Avenue Of The Stars, 12Th Floor Los Angeles CA 90067	No	No	Yes	No
1259042	Ares Partners Management Co Llc	2000 Avenue Of The Stars, 12Th Floor Los Angeles CA 90067	No	No	Yes	No
1259313	Ares Management Llc	2000 Avenue Of The Stars, 12Th Floor Los Angeles CA 90067	No	No	Yes	No
1259315	Acof Operating Manager Lp	2000 Avenue Of The Stars, 12Th Floor Los Angeles CA 90067	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value $0.01	Disposition	2010-12-15	2,000,000	$19.75	3,046,980	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct

Footnotes

The amount reported includes 29,750 shares of restricted stock granted under the Issuer's 2003 Non-Employee Directors' Stock Incentive Plan (the "2003 Plan") and 8,500 shares of restricted stock granted under the Issuer's 2010 Omnibus Incentive Plan (together with the 2003 Plan, the "Plans") to Bennett Rosenthal. Shares of restricted stock granted under the Plans vest to the extent of one-third each year after issuance, subject to certain provisions of the Plans. (Continued in footnote 2)
These shares are held by Mr. Rosenthal for the benefit of Ares Management LLC ("Ares Management") and certain other Ares Entities (as defined in footnote 3 below). Mr. Rosenthal is associated with Ares Management and certain of the other Ares Entities. Pursuant to the policies of the Ares Entities, Mr. Rosenthal must hold this restricted stock as a nominee for the sole benefit of the Ares Entities and has assigned to Ares Management all economic, pecuniary and voting rights in respect of such restricted stock.
The amount reported is owned of record by the designated reporting person, Ares Corporate Opportunities Fund, L.P. ("ACOF"). The general partner of ACOF is ACOF Management, L.P. ("ACOF Management") and the general partner of ACOF Management is ACOF Operating Manager, L.P. ("ACOF Operating"). ACOF Operating is indirectly controlled by Ares Management which, in turn, is indirectly controlled by Ares Partners Management Company LLC ("Ares Partners," and collectively with ACOF, ACOF Management, ACOF Operating and Ares Management, the "Ares Entities"). Ares Partners is managed by an executive committee comprised of Messrs. Michael Arougheti, David Kaplan, Gregory Margolies, Antony Ressler and Bennett Rosenthal. (Continued in footnote 4)
Each of the members of the executive committee, the Ares Entities (other than ACOF, with respect to the shares owned by ACOF) and the partners, members and managers of the Ares Entities disclaims beneficial ownership of these securities, except to the extent of any pecuniary interest therein, and this report shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes. The address of each Ares Entity is 2000 Avenue of the Stars, 12th Floor, Los Angeles, CA 90067.