0001628280-23-029915.txt : 20230817
0001628280-23-029915.hdr.sgml : 20230817
20230817202139
ACCESSION NUMBER: 0001628280-23-029915
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230815
FILED AS OF DATE: 20230817
DATE AS OF CHANGE: 20230817
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: KAPLAN DAVID B
CENTRAL INDEX KEY: 0001025976
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36429
FILM NUMBER: 231183534
MAIL ADDRESS:
STREET 1: 1999 AVENUE OF THE STARS
STREET 2: SUITE 1900
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Ares Management Corp
CENTRAL INDEX KEY: 0001176948
STANDARD INDUSTRIAL CLASSIFICATION: INVESTMENT ADVICE [6282]
IRS NUMBER: 954656677
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 2000 AVE OF THE STARS
STREET 2: 12TH FLOOR
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
BUSINESS PHONE: 3102014100
MAIL ADDRESS:
STREET 1: 2000 AVE OF THE STARS
STREET 2: 12TH FLOOR
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
FORMER COMPANY:
FORMER CONFORMED NAME: ARES MANAGEMENT LP
DATE OF NAME CHANGE: 20020701
4
1
wk-form4_1692318088.xml
FORM 4
X0508
4
2023-08-15
0
0001176948
Ares Management Corp
ARES
0001025976
KAPLAN DAVID B
2000 AVENUE OF THE STARS
12TH FLOOR
LOS ANGELES
CA
90067
1
1
0
0
Co-Founder
1
Class A Common Stock
2023-08-15
4
C
0
500000
0
A
500000
I
By Trently Holdings, LLC
Class A Common Stock
2023-08-15
4
S
0
115575
97.81
D
384425
I
By Trently Holdings, LLC
Class A Common Stock
2023-08-15
4
S
0
44884
98.85
D
339541
I
By Trently Holdings, LLC
Class A Common Stock
2023-08-15
4
S
0
29321
99.96
D
310220
I
By Trently Holdings, LLC
Class A Common Stock
2023-08-15
4
S
0
274
100.78
D
309946
I
By Trently Holdings, LLC
Class A Common Stock
2023-08-16
4
S
0
9946
97.51
D
300000
I
By Trently Holdings, LLC
Class A Common Stock
1180052
I
By Ares Owners Holdings L.P.
Ares Operating Group Units
2023-08-15
4
C
0
500000
D
Class A Common Stock
500000
9421596
I
By Ares Owners Holdings L.P.
This transaction was effected pursuant to a 10b5-1 trading plan adopted on May 12, 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 $98.31. 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, 5 and 6.
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 $100.70 to $100.82.
The price reported in Column 4 is a weighted average price. These shares were sold on August 16, 2023 in multiple transactions at prices ranging from $97.18 to $97.86.
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.
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 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.
/s/ Anton Feingold, by power of attorney
2023-08-17