0001628280-24-012054.txt : 20240319 0001628280-24-012054.hdr.sgml : 20240319 20240319215150 ACCESSION NUMBER: 0001628280-24-012054 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240315 FILED AS OF DATE: 20240319 DATE AS OF CHANGE: 20240319 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Rosenthal Bennett CENTRAL INDEX KEY: 0001304465 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36429 FILM NUMBER: 24766195 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] ORGANIZATION NAME: 02 Finance 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_1710899498.xml FORM 4 X0508 4 2024-03-15 0 0001176948 Ares Management Corp ARES 0001304465 Rosenthal Bennett 2000 AVENUE OF THE STARS 12TH FLOOR LOS ANGELES CA 90067 1 1 0 0 Co-Founder & Chairman of PEG 1 Class A Common Stock 2024-03-15 4 C 0 250000 0 A 250000 I By BAR Holdings, LLC Class A Common Stock 2024-03-15 4 S 0 29137 132.19 D 220863 I By BAR Holdings, LLC Class A Common Stock 2024-03-15 4 S 0 8366 133.33 D 212497 I By BAR Holdings, LLC Class A Common Stock 2024-03-15 4 S 0 700 134.22 D 211797 I By BAR Holdings, LLC Class A Common Stock 2024-03-18 4 S 0 7260 130.15 D 204537 I By BAR Holdings, LLC Class A Common Stock 2024-03-18 4 S 0 13377 131.10 D 191160 I By BAR Holdings, LLC Class A Common Stock 2024-03-18 4 S 0 1300 131.78 D 189860 I By BAR Holdings, LLC Class A Common Stock 2024-03-18 4 S 0 218 132.82 D 189642 I By BAR Holdings, LLC Class A Common Stock 2024-03-19 4 S 0 1431 130.08 D 188211 I By BAR Holdings, LLC Class A Common Stock 2024-03-19 4 S 0 3400 130.92 D 184811 I By BAR Holdings, LLC Class A Common Stock 2024-03-19 4 S 0 11661 132.05 D 173150 I By BAR Holdings, LLC Class A Common Stock 2024-03-19 4 S 0 617 132.76 D 172533 I By BAR Holdings, LLC Class A Common Stock 1105052 I By Ares Owners Holdings L.P. Ares Operating Group Units 2024-03-15 4 C 0 250000 D Class A Common Stock 250000 9171596 I By Ares Owners Holdings L.P. This transaction was effected pursuant to a 10b5-1 trading plan adopted on December 14, 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 March 15, 2024 in multiple transactions at prices ranging from $131.99 to $132.98. 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 ranges set forth in this footnote and footnotes 3, 4, 5, 6, 7, 8, 9, 10, 11 and 12. The price reported in Column 4 is a weighted average price. These shares were sold on March 15, 2024 in multiple transactions at prices ranging from $132.99 to $133.98. The price reported in Column 4 is a weighted average price. These shares were sold on March 15, 2024 in multiple transactions at prices ranging from $134.00 to $134.33. The price reported in Column 4 is a weighted average price. These shares were sold on March 18, 2024 in multiple transactions at prices ranging from $129.60 to $130.58. The price reported in Column 4 is a weighted average price. These shares were sold on March 18, 2024 in multiple transactions at prices ranging from $130.60 to $131.58. The price reported in Column 4 is a weighted average price. These shares were sold on March 18, 2024 in multiple transactions at prices ranging from $131.60 to $132.46. The price reported in Column 4 is a weighted average price. These shares were sold on March 18, 2024 in multiple transactions at prices ranging from $132.76 to $132.94. The price reported in Column 4 is a weighted average price. These shares were sold on March 19, 2024 in multiple transactions at prices ranging from $129.51 to $130.42. The price reported in Column 4 is a weighted average price. These shares were sold on March 19, 2024 in multiple transactions at prices ranging from $130.51 to $131.40. The price reported in Column 4 is a weighted average price. These shares were sold on March 19, 2024 in multiple transactions at prices ranging from $131.53 to $132.52. The price reported in Column 4 is a weighted average price. These shares were sold on March 19, 2024 in multiple transactions at prices ranging from $132.54 to $132.93. 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 Class A Common Stock. The shares of Class A Common Stock indirectly held by the reporting person or the vehicle are the number of shares of Class A Common Stock that he or the vehicle has a right to receive as a limited partner in AOH. 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 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 2024-03-19