Statement of Changes in Beneficial Ownership (4)
03 November 2021 - 12:55AM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL
OWNERSHIP OF SECURITIES
|
OMB
APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5 |
|
Filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934 or Section 30(h) of the Investment
Company Act of 1940
|
|
| 1. Name
and Address of Reporting Person * deVeer
R. Kipp |
2. Issuer Name and Ticker or Trading
Symbol Ares Management Corp [ ARES ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)__X__
Director _____
10% Owner
__X__ Officer (give title
below) _____ Other
(specify below)
Head of Credit Group |
|
(Last)
(First)
(Middle)
2000 AVENUE OF THE STARS, 12TH FLOOR |
3. Date of Earliest Transaction (MM/DD/YYYY)
10/29/2021
|
|
(Street)
LOS ANGELES, CA 90067
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
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. Trans. Date |
2A. Deemed Execution Date, if any |
3. Trans. 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 |
10/29/2021 |
|
S(1) |
|
30622 |
D |
$84.79 (2) |
1114490 (3) |
D |
|
|
Class A Common Stock |
10/29/2021 |
|
S(1) |
|
1500 |
D |
$85.62 (4) |
1112990 (3) |
D |
|
|
Class A Common Stock |
11/1/2021 |
|
S(1) |
|
25422 |
D |
$84.26 (5) |
1087568 (3) |
D |
|
|
Class A Common Stock |
11/1/2021 |
|
S(1) |
|
3802 |
D |
$84.82 (6) |
1083766 (3) |
D |
|
|
Class A Common Stock |
11/2/2021 |
|
S(1) |
|
21071 |
D |
$83.93 (7) |
1062695 (3) |
D |
|
|
Class A Common Stock |
11/2/2021 |
|
S(1) |
|
19393 |
D |
$84.55 (8) |
1043302 (3) |
D |
|
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
|
1. Title of Derivate Security
(Instr. 3) |
2. Conversion or Exercise Price of Derivative
Security |
3. Trans. Date |
3A. Deemed Execution Date, if any |
4. Trans. 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 |
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 of Derivative Security: 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 |
| Explanation of
Responses: |
| (1) |
This transaction was
effected pursuant to a 10b5-1 trading plan previously adopted by
the reporting person. |
| (2) |
The price reported in Column
4 is a weighted average price. These shares were sold on October
29, 2021 in multiple transactions at prices ranging from $84.32 to
$85.31. 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 4, 5, 6, 7 and
8. |
| (3) |
Includes 563,614 restricted
units granted under the Ares Management Corporation Third Amended
and Restated 2014 Equity Incentive Plan. Each restricted unit
represents the right to receive one share of Class A Common Stock
upon vesting. The restricted units vest in installments in
accordance with the applicable restricted unit award
agreement. |
| (4) |
The price reported in Column
4 is a weighted average price. These shares were sold on October
29, 2021 in multiple transactions at prices ranging from $85.33 to
$86.09. |
| (5) |
The price reported in Column
4 is a weighted average price. These shares were sold on November
1, 2021 in multiple transactions at prices ranging from $83.70 to
$84.69. |
| (6) |
The price reported in Column
4 is a weighted average price. These shares were sold on November
1, 2021 in multiple transactions at prices ranging from $84.70 to
$85.21. |
| (7) |
The price reported in Column
4 is a weighted average price. These shares were sold on November
2, 2021 in multiple transactions at prices ranging from $83.25 to
$84.24. |
| (8) |
The price reported in Column
4 is a weighted average price. These shares were sold on November
2, 2021 in multiple transactions at prices ranging from $84.25 to
$84.86. |
Reporting
Owners
|
|
Reporting Owner Name / Address |
Relationships
|
|
Director |
10% Owner |
Officer |
Other |
deVeer R. Kipp
2000 AVENUE OF THE STARS
12TH FLOOR
LOS ANGELES, CA 90067 |
X |
|
Head of Credit Group |
|
Signatures
|
|
/s/ Naseem Sagati Aghili, by power of
attorney |
|
11/2/2021 |
| **Signature of
Reporting Person |
Date |
Ares Management (NYSE:ARES-A)
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