FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
ARES MANAGEMENT LP [ ARES ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 11/01/2018 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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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 | ||||||
Common Shares | 11/01/2018 | A | 250,000 | A | $0 | 540,548(1)(2)(3) | D | |||
Common Shares | 2,700 | I | By Retirement Savings Plan | |||||||
Common Shares | 7,387 | I | By Spouse's SEP IRA | |||||||
Common Shares | 28,282 | I | By Reporting Person & Spouse as joint tenants with right of survivorship | |||||||
Common Shares | 5,003 | I | By IRA |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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 |
Explanation of Responses: |
1. Reflects a grant of 250,000 restricted units granted on November 1, 2018, each of which represents the right to receive one Common Share upon vesting. The restrictions on such units are scheduled to lapse in four equal installments on November 1, 2020, 2021, 2022 and 2023. Also includes a grant of 8,645 restricted units granted on January 20, 2018, each of which represents the right to receive one Common Share upon vesting. The restrictions on such units are scheduled to lapse in four equal installments on January 20, 2019, 2020, 2021 and 2022. Also includes a grant of 51,754 restricted units, each of which represents the right to receive one Common Share upon vesting. The restrictions on such units are scheduled to lapse in two equal installments on May 1, 2018 and 2019. In connection with the vesting on May 1, 2018, the reporting person received 16,928 Common Shares, with the remaining 8,949 Common Shares withheld to cover taxes on this transaction.(Continued in Footnote 2) |
2. Also includes a grant of 13,530 restricted units, each of which represents the right to receive one Common Share upon vesting. The restrictions on such units are scheduled to lapse in three equal installments on January 20, 2018, 2019 and 2020. In connection with the vesting on January 20, 2018, the reporting person received 2,712 Common Shares, with the remaining 1,798 Common Shares withheld to cover taxes on this transaction. Also includes a grant of 100,000 restricted units, each of which represents the right to receive one Common Share upon vesting. The restrictions on such units are scheduled to lapse on August 15, 2021. Also includes a grant of 9,440 restricted units, each of which represents the right to receive one Common Share upon vesting. The restrictions on such units are scheduled to lapse in four equal installments on January 20, 2018, 2019, 2020 and 2021.(Continued in Footnote 3) |
3. In connection with the vesting on January 20, 2018, the reporting person received 1,541 Common Shares, with the remaining 819 Common Shares withheld to cover taxes on this transaction. Also includes a grant of 100,000 restricted units, each of which represents the right to receive one Common Share upon vesting. The restrictions on such units are scheduled to lapse on January 31, 2022. |
/s/ Michael D. Weiner, by power of attorney | 11/02/2018 | |
** 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. |