X0306 4 2016-01-20 0 0001176948 ARES MANAGEMENT LP ARES 0001464431 McFerran Michael R 2000 AVENUE OF THE STARS 12TH FLOOR LOS ANGELES CA 90067 0 1 0 0 EVP, CFO & Treasurer Common Units 2016-01-20 4 A 0 15068 0 A 52316 D Reflects a grant of 15,068 restricted units, each of which represents the right to receive one Common Unit upon vesting. The restrictions are scheduled to lapse in four equal installments on January 20, 2017, 2018, 2019 and 2020. Also includes 27,248 restricted units granted on March 23, 2015, each of which represents the right to receive one Common Unit upon vesting. The restrictions are scheduled to lapse in three equal installments on March 23, 2018, 2019 and 2020. /s/ Michael R. McFerran 2016-01-21