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Filing Details

Accession Number:: 0001628280-23-029917
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-08-17 20:26:54
Reporting Period:: 2023-08-15

Accepted Time:: 2023-08-17 20:26:54
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
1304471	J Michael Arougheti	2000 Avenue Of The Stars 12Th Floor Los Angeles CA 90067	Co-Founder, Ceo And President	Yes	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	Explanation
Class A Common Stock	Acquisiton	2023-08-15	150,000	$0.00	150,000	No	4	C	Indirect	By Atticus Enterprises LLC
Class A Common Stock	Disposition	2023-08-15	93,999	$97.82	56,001	No	4	S	Indirect	By Atticus Enterprises LLC
Class A Common Stock	Disposition	2023-08-15	33,854	$98.85	22,147	No	4	S	Indirect	By Atticus Enterprises LLC
Class A Common Stock	Disposition	2023-08-15	21,917	$99.96	230	No	4	S	Indirect	By Atticus Enterprises LLC
Class A Common Stock	Disposition	2023-08-15	230	$100.56	0	No	4	S	Indirect	By Atticus Enterprises LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Indirect	By Atticus Enterprises LLC
No	4	S	Indirect	By Atticus Enterprises LLC
No	4	S	Indirect	By Atticus Enterprises LLC
No	4	S	Indirect	By Atticus Enterprises LLC
No	4	S	Indirect	By Atticus Enterprises LLC

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Ares Operating Group Units	Disposition	2023-08-15	150,000	$0.00	150,000	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
10,096,596			No	4	C	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	825,000	Direct

Footnotes

This transaction was effected pursuant to a 10b5-1 trading plan adopted on February 22, 2023 by the reporting person, or a vehicle controlled by him.
The price reported in Column 4 is a weighted average price. These shares were sold on August 15, 2023 in multiple transactions at prices ranging from $97.33 to $98.32. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote and footnotes 3, 4 and 5.
The price reported in Column 4 is a weighted average price. These shares were sold on August 15, 2023 in multiple transactions at prices ranging from $98.33 to $99.32.
The price reported in Column 4 is a weighted average price. These shares were sold on August 15, 2023 in multiple transactions at prices ranging from $99.33 to $100.31.
The price reported in Column 4 is a weighted average price. These shares were sold on August 15, 2023 in multiple transactions at prices ranging from $100.41 to $100.70.
Represents 825,000 restricted units granted under the Third 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.
Pursuant to the terms of the Fifth Amended and Restated Exchange Agreement, dated as of April 1, 2021, among Ares Management Corporation, Ares Holdings L.P. and each Ares Operating Group Limited Partner (as defined in the exchange agreement), and subject to certain requirements and restrictions, 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.
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 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.