SEC Form 4
Washington, D.C. 20549


Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*

(Last) (First) (Middle)


(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Apollo Global Management, Inc. [ APO ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
Senior Managing Director
3. Date of Earliest Transaction (Month/Day/Year)
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 09/05/2019 M 2,600,000 A (1) 2,600,000(2) I See footnote(3)
Class A Common Stock 09/06/2019 G V 200,000 D $0 0 D(4)
Class A Common Stock 2,400,000 I See footnote(3)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Apollo Operating Group units (1) 09/05/2019 M 2,600,000 (5) (5) Class A Common Stock 2,600,000 (6) 0 I See footnote(3)
Apollo Operating Group units (1) (5) (5) Class A Common Stock (1) 45,832,643 I See footnote(7)
Explanation of Responses:
1. Following the Conversion (as defined below in "Remarks"), each Apollo Operating Group ("AOG") unit represents a right to receive one share of Class A common stock of the Issuer, subject to the restrictions and provisions set forth in the Agreement Among Principals, dated July 13, 2007, by and among the reporting person, Leon Black and Marc Rowan (the "Agreement Among Principals"), and the Fifth Amended and Restated Exchange Agreement, dated April 28, 2017, by and among the Issuer, AP Professional Holdings, L.P. and the other parties thereto (the "Exchange Agreement"), which was further amended and restated on September 5, 2019.
2. Following the Conversion, tax-free exchanges of AOG units under the Exchange Agreement will no longer be possible. Accordingly, the reporting person has elected to convert AOG units in connection with the Conversion. The AOG units were exchanged for shares of Class A common stock solely for purposes of charitable contributions. It is the reporting person's intent to contribute the shares to charity or a donor advised fund over time.
3. By MJH Partners, L.P., an estate planning vehicle for which voting and investment control are exercised by the reporting person.
4. The amounts shown in Column 5 of Table I reflect (in addition to the transactions described herein) changes in form of beneficial ownership.
5. The AOG units were fully vested as of December 31, 2011 and do not expire.
6. Pursuant to Instruction 4(c)(iii), this response has been left blank.
7. By AP Professional Holdings, L.P. The reporting person is an indirect limited partner in BRH Holdings, L.P., which holds approximately 90.5% of the limited partnership interests in AP Professional Holdings, L.P., the direct holder of the 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 an indirect limited partner in BRH Holdings, L.P., subject to the restrictions and provisions set forth in the Agreement Among Principals and the Exchange Agreement.
On September 5, 2019, Apollo Global Management, LLC, a Delaware limited liability company, converted (the "Conversion") into a Delaware corporation named Apollo Global Management, Inc. As a result of the Conversion, each Class A Share of Apollo Global Management, LLC was converted into a share of Class A common stock of Apollo Global Management, Inc.
/s/ Carlos Rodrigues, attorney-in-fact 09/09/2019
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.