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Filing Details

Accession Number:: 0001104659-19-034849
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-06-11 19:15:45
Reporting Period:: 2019-06-07

Accepted Time:: 2019-06-11 19:15:45
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1176948	Ares Management Corp	ARES	Investment Advice (6282)	954656677

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1267619	D Michael Weiner	2000 Avenue Of The Stars 12Th Floor Los Angeles CA 90067	Evp, Clo & Secretary	No	Yes	No	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
Class A Common Stock	Acquisiton	2019-06-07	100,000	$19.00	195,874	No	4	M	Direct
Class A Common Stock	Disposition	2019-06-07	83,761	$25.80	112,113	No	4	F	Direct
Class A Common Stock	Disposition	2019-06-10	3,600	$26.01	108,513	No	4	S	Direct
Class A Common Stock	Disposition	2019-06-11	12,639	$26.03	95,874	No	4	S	Direct

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

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Option (Right to Buy)	Disposition	2019-06-07	100,000	$0.00	100,000	$19.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
428,409		2024-04-30	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	154,572	Indirect	By Ares Owners Holdings L.P.

Footnotes

Includes a grant of 15,075 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 8,299 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. In connection with the vesting on January 20, 2019, the reporting person received 1,406 shares of Class A Common Stock, with the remaining 669 shares of Class A Common Stock withheld to cover taxes on this transaction.(Continued in Footnote 2)
Also includes 25,000 restricted units granted on January 31, 2017, 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 9,709 restricted units granted on January 20, 2017, 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 1,621 shares of Class A Common Stock, with the remaining 807 shares of Class A Common Stock withheld to cover taxes on this transaction.(Continued in Footnote 3)
In connection with the vesting on January 20, 2019, the reporting person received 1,644 shares of Class A Common Stock, with the remaining 783 shares of Class A Common Stock withheld to cover taxes on this transaction. Also includes 15,281 restricted units granted on January 20, 2016, 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, 2017, 2018, 2019 and 2020. In connection with the vesting on January 20, 2017, the reporting person received 2,474 shares of Class A Common Stock, with the remaining 1,347 shares of Class A Common Stock withheld to cover taxes on this transaction. In connection with the vesting on January 20, 2018, the reporting person received 2,550 shares of Class A Common Stock, with the remaining 1,270 shares of Class A Common Stock withheld to cover taxes on this transaction.(Continued in Footnote 4)
In connection with the vesting on January 20, 2019, the reporting person received 2,560 shares of Class A Common Stock, with the remaining 1,260 shares of Class A Common Stock withheld to cover taxes on this transaction. Also includes 28,947 restricted units granted on May 1, 2014, each of which represents the right to receive one share of Class A Common Stock upon vesting. The restrictions 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 6,022 shares of Class A Common Stock, with the remaining 3,627 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 6,312 shares of Class A Common Stock, with the remaining 3,337 shares of Class A Common Stock withheld to cover taxes on this transaction.(Continued in Footnote 5)
In connection with the vesting on May 1, 2019, the reporting person received 6,312 shares of Class A Common Stock, with the remaining 3,337 shares of Class A Common Stock withheld to cover taxes on this transaction.
The price reported in Column 4 is a weighted average price. These shares were sold on June 10, 2019 in multiple transactions at prices ranging from $26.00 to $26.06, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
The price reported in Column 4 is a weighted average price. These shares were sold on June 10, 2019 in multiple transactions at prices ranging from $26.00 to $26.11, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
The 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.
The options are fully vested as of May 1, 2019.