X0306 4 2018-03-28 0 0001403528 Oaktree Capital Group, LLC OAK 0001249588 MASSON DAVID RICHARD C/O OAKTREE CAPITAL GROUP, LLC 333 SOUTH GRAND AVENUE, 28TH FLOOR LOS ANGELES CA 90071 1 0 0 0 Class A Units 2018-03-28 4 A 0 2301 0.00 A 12700 D Class A Units 100513 I By Trust Granted under the Issuer's 2011 Equity Incentive Plan and will generally vest in equal annual installments over four years with the first vesting date occurring on February 15, 2019. This balance represents the number of Class A units of Oaktree Capital Group, LLC held by a trust controlled by Mr. Masson as of the date of this filing, which units had previously been reported as directly held by Mr. Masson. Mr. Masson disclaims beneficial ownership of the Class A units reported on this Form 4, except to the extent of his pecuniary interest therein. /s/ Richard Ting, Attorney-in-fact 2018-03-29