0001628280-23-039379.txt : 20231116 0001628280-23-039379.hdr.sgml : 20231116 20231116204123 ACCESSION NUMBER: 0001628280-23-039379 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20231115 FILED AS OF DATE: 20231116 DATE AS OF CHANGE: 20231116 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Arougheti Michael J CENTRAL INDEX KEY: 0001304471 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36429 FILM NUMBER: 231416183 MAIL ADDRESS: STREET 1: 2000 AVENUE OF THE STARS, 12TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90067 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Ares Management Corp CENTRAL INDEX KEY: 0001176948 STANDARD INDUSTRIAL CLASSIFICATION: INVESTMENT ADVICE [6282] IRS NUMBER: 954656677 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 2000 AVE OF THE STARS STREET 2: 12TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90067 BUSINESS PHONE: 3102014100 MAIL ADDRESS: STREET 1: 2000 AVE OF THE STARS STREET 2: 12TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90067 FORMER COMPANY: FORMER CONFORMED NAME: ARES MANAGEMENT LP DATE OF NAME CHANGE: 20020701 4 1 wk-form4_1700185272.xml FORM 4 X0508 4 2023-11-15 0 0001176948 Ares Management Corp ARES 0001304471 Arougheti Michael J 2000 AVENUE OF THE STARS 12TH FLOOR LOS ANGELES CA 90067 1 1 0 0 Co-Founder, CEO and President 0 Class A Common Stock 2023-11-15 4 C 0 150000 0 A 150000 I By Atticus Enterprises LLC Class A Common Stock 2023-11-15 4 S 0 66892 104.07 D 83108 I By Atticus Enterprises LLC Class A Common Stock 2023-11-15 4 S 0 39831 105.07 D 43277 I By Atticus Enterprises LLC Class A Common Stock 2023-11-15 4 S 0 22696 106.22 D 20581 I By Atticus Enterprises LLC Class A Common Stock 2023-11-15 4 S 0 10771 107.31 D 9810 I By Atticus Enterprises LLC Class A Common Stock 2023-11-15 4 S 0 6699 107.88 D 3111 I By Atticus Enterprises LLC Class A Common Stock 2023-11-15 4 S 0 3111 109.07 D 0 I By Atticus Enterprises LLC Class A Common Stock 825000 D Ares Operating Group Units 2023-11-15 4 C 0 150000 D Class A Common Stock 150000 9946596 I By Ares Owners Holdings L.P. This transaction was effected pursuant to a 10b5-1 trading plan adopted on February 22, 2023 by the reporting person, or a vehicle controlled by him. The price reported in Column 4 is a weighted average price. These shares were sold on November 15, 2023 in multiple transactions at prices ranging from $103.73 to $104.72. 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 3, 4, 5, 6 and 7. The price reported in Column 4 is a weighted average price. These shares were sold on November 15, 2023 in multiple transactions at prices ranging from $104.73 to $105.72. The price reported in Column 4 is a weighted average price. These shares were sold on November 15, 2023 in multiple transactions at prices ranging from $105.73 to $106.72. The price reported in Column 4 is a weighted average price. These shares were sold on November 15, 2023 in multiple transactions at prices ranging from $106.73 to $107.72. The price reported in Column 4 is a weighted average price. These shares were sold on November 15, 2023 in multiple transactions at prices ranging from $107.73 to $108.60. The price reported in Column 4 is a weighted average price. These shares were sold on November 15, 2023 in multiple transactions at prices ranging from $108.82 to $109.30. Represents 825,000 restricted units granted under an equity incentive plan of Ares Management Corporation. 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. Pursuant to the terms of the Fifth Amended and Restated Exchange Agreement, dated as of April 1, 2021, among Ares Management Corporation, Ares Holdings L.P. and each Ares Operating Group Limited Partner (as defined in the exchange agreement), and subject to certain requirements and restrictions, the partnership units of the Ares Operating Group ("AOG Units") are exchangeable for shares of Class A Common Stock on a one-for-one basis. The reporting person or a vehicle controlled by him is a limited partner in Ares Owners Holdings L.P. ("AOH"), the direct holder of the shares of AOG Units. The AOG Units indirectly held by the reporting person are the number of AOG Units that he has a right to receive as a limited partner in AOH. /s/ Naseem Sagati Aghili, by power of attorney 2023-11-16