X0306 4 2017-01-03 1 0000817473 AMERICAN CAPITAL, LTD ACAS 0001203997 MANOS KRISTEN L C/O AMERICAN CAPITAL, LTD. 2 BETHESDA METRO CENTER, 14TH FLOOR BETHESDA MD 20814 1 0 0 0 Common Stock 2017-01-03 4 D 0 10000 D 0 D Pursuant to the Agreement and Plan of Merger, dated as of May 23, 2016 (the "Merger Agreement), by and among American Capital, Ltd. (the "Company"), Ares Capital Corporation ("Parent"), Orion Acqusition Sub, Inc., a direct wholly owned subsidiary of Parent ("Acquisition Sub"), and the other parties thereto, upon the effective time of the merger of Acquisition Sub with and into the Company (the "Company Merger"), each issued and outstanding share of the Company's common stock automatically converted into a right to receive $10.13 in cash and 0.483 of a share of Parent common stock (the "Merger Consideration"). Samual A. Flax, as attorney-in-fact for Kristen L Manos 2017-01-04