0001104659-22-008975.txt : 20220128
0001104659-22-008975.hdr.sgml : 20220128
20220128160132
ACCESSION NUMBER: 0001104659-22-008975
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220126
FILED AS OF DATE: 20220128
DATE AS OF CHANGE: 20220128
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: ARES MANAGEMENT LLC
CENTRAL INDEX KEY: 0001259313
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36478
FILM NUMBER: 22568701
BUSINESS ADDRESS:
STREET 1: 2000 AVENUE OF THE STARS
STREET 2: 12TH FLOOR
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
BUSINESS PHONE: 310-201-4100
MAIL ADDRESS:
STREET 1: 2000 AVENUE OF THE STARS
STREET 2: 12TH FLOOR
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: AF V Energy IV AIV 1B, L.P.
CENTRAL INDEX KEY: 0001831195
STATE OF INCORPORATION: CA
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36478
FILM NUMBER: 22568699
BUSINESS ADDRESS:
STREET 1: 2000 AVENUE OF THE STARS, 12TH FLOOR
STREET 2: C/O ARES MANAGEMENT
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
BUSINESS PHONE: 310-201-4100
MAIL ADDRESS:
STREET 1: 2000 AVENUE OF THE STARS, 12TH FLOOR
STREET 2: C/O ARES MANAGEMENT
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: AF V Energy IV AIV 1A, L.P.
CENTRAL INDEX KEY: 0001831167
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36478
FILM NUMBER: 22568700
BUSINESS ADDRESS:
STREET 1: 2000 AVENUE OF THE STARS, 12TH FLOOR
STREET 2: C/O ARES MANAGEMENT
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
BUSINESS PHONE: 310-201-4100
MAIL ADDRESS:
STREET 1: 2000 AVENUE OF THE STARS, 12TH FLOOR
STREET 2: C/O ARES MANAGEMENT
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: AF Energy Feeder, L.P.
CENTRAL INDEX KEY: 0001831203
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36478
FILM NUMBER: 22568695
BUSINESS ADDRESS:
STREET 1: 2000 AVENUE OF THE STARS, 12TH FLOOR
STREET 2: C/O ARES MANAGEMENT
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
BUSINESS PHONE: 310-201-4100
MAIL ADDRESS:
STREET 1: 2000 AVENUE OF THE STARS, 12TH FLOOR
STREET 2: C/O ARES MANAGEMENT
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: AF V Energy IV AIV 2, L.P.
CENTRAL INDEX KEY: 0001831196
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36478
FILM NUMBER: 22568698
BUSINESS ADDRESS:
STREET 1: 2000 AVENUE OF THE STARS, 12TH FLOOR
STREET 2: C/O ARES MANAGEMENT
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
BUSINESS PHONE: 310-201-4100
MAIL ADDRESS:
STREET 1: 2000 AVENUE OF THE STARS, 12TH FLOOR
STREET 2: C/O ARES MANAGEMENT
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: AEOF ECR AIV A-B, L.P.
CENTRAL INDEX KEY: 0001831200
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36478
FILM NUMBER: 22568697
BUSINESS ADDRESS:
STREET 1: 2000 AVENUE OF THE STARS, 12TH FLOOR
STREET 2: C/O ARES MANAGEMENT
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
BUSINESS PHONE: 310-201-4100
MAIL ADDRESS:
STREET 1: 2000 AVENUE OF THE STARS, 12TH FLOOR
STREET 2: C/O ARES MANAGEMENT
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: AEOF ECR AIV C, L.P.
CENTRAL INDEX KEY: 0001831202
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36478
FILM NUMBER: 22568696
BUSINESS ADDRESS:
STREET 1: 2000 AVENUE OF THE STARS, 12TH FLOOR
STREET 2: C/O ARES MANAGEMENT
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
BUSINESS PHONE: 310-201-4100
MAIL ADDRESS:
STREET 1: 2000 AVENUE OF THE STARS, 12TH FLOOR
STREET 2: C/O ARES MANAGEMENT
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: California Resources Corp
CENTRAL INDEX KEY: 0001609253
STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311]
IRS NUMBER: 465670947
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 27200 TOURNEY ROAD
STREET 2: SUITE 200
CITY: SANTA CLARITA
STATE: CA
ZIP: 91355
BUSINESS PHONE: 8888484754
MAIL ADDRESS:
STREET 1: 27200 TOURNEY ROAD
STREET 2: SUITE 200
CITY: SANTA CLARITA
STATE: CA
ZIP: 91355
4
1
tm221419-15_4seq1.xml
OWNERSHIP DOCUMENT
X0306
4
2022-01-26
0
0001609253
California Resources Corp
CRC
0001259313
ARES MANAGEMENT LLC
2000 AVENUE OF THE STARS
12TH FLOOR
LOS ANGELES
CA
90067
0
0
1
0
0001831167
AF V Energy IV AIV 1A, L.P.
2000 AVENUE OF THE STARS
12TH FLOOR
LOS ANGELES
CA
90067
0
0
1
0
0001831195
AF V Energy IV AIV 1B, L.P.
2000 AVENUE OF THE STARS
12TH FLOOR
LOS ANGELES
CA
90067
0
0
1
0
0001831196
AF V Energy IV AIV 2, L.P.
2000 AVENUE OF THE STARS
12TH FLOOR
LOS ANGELES
CA
90067
0
0
1
0
0001831200
AEOF ECR AIV A-B, L.P.
2000 AVENUE OF THE STARS
12TH FLOOR
LOS ANGELES
CA
90067
0
0
1
0
0001831202
AEOF ECR AIV C, L.P.
2000 AVENUE OF THE STARS
12TH FLOOR
LOS ANGELES
CA
90067
0
0
1
0
0001831203
AF Energy Feeder, L.P.
2000 AVENUE OF THE STARS
12TH FLOOR
LOS ANGELES
CA
90067
0
0
1
0
Common Stock, par value $0.01
2022-01-26
4
S
0
70000
43.1230
D
9186063
I
See Footnotes
Common Stock, par value $0.01
2022-01-27
4
S
0
5933
42.7630
D
9180130
I
See Footnotes
This statement is being filed jointly by (i) AF V Energy IV AIV 1A, L.P. ("ACOF AIV 1A"), (ii) AF V Energy IV AIV 1B, L.P. ("ACOF AIV 1B"), (iii) AF V Energy IV AIV 2, L.P. ("ACOF AIV 2" and, together with ACOF AIV 1A and ACOF AIV 1B, the "ACOF AIVs"), (iv) AEOF ECR AIV A-B, L.P. ("AEOF AIV A-B"), (v) AEOF ECR AIV C, L.P. ("AEOF AIV C" and, together with AEOF AIV A-B, the "AEOF AIVs"), (vi) AF Energy Feeder, L.P., (vii) ACOF Investment Management LLC ("ACOF Investment Management"), (viii) Ares Management LLC, (Continued in footnote 2)
(ix) Ares Management Holdings L.P. ("Ares Management Holdings"), (x) Ares Holdco LLC ("Ares Holdco"), (xi) Ares Management Corporation ("Ares Management"), (xii) Ares Voting LLC ("Ares Voting"), (xiii) Ares Management GP LLC ("Ares Management GP") and (xiv) Ares Partners Holdco LLC ("Ares Partners") (collectively, the "Reporting Persons"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in duplicate.
ACOF Investment Management is the manager of each of the ACOF AIVs, the AEOF AIVs and AF Energy Feeder, L.P., and the sole member of ACOF Investment Management is Ares Management LLC. The sole member of Ares Management LLC is Ares Management Holdings and the general partner of Ares Management Holdings is Ares Holdco. The sole member of Ares Holdco is Ares Management. Ares Management GP is the sole holder of the Class B common stock, $0.01 par value per share, of Ares Management (the "Ares Class B Common Stock") and Ares Voting is the sole holder of the Class C common stock, $0.01 par value per share, of Ares Management (the "Ares Class C Common Stock"). (Continued in footnote 4)
Pursuant to Ares Management's Certificate of Incorporation, the holders of the Ares Class B Common Stock and the Ares Class C Common Stock, collectively, will generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. The sole member of both Ares Management GP and Ares Voting is Ares Partners. Ares Partners is managed by a board of managers, which is composed of Michael Arougheti, Ryan Berry, R. Kipp deVeer, David Kaplan, Antony Ressler and Bennett Rosenthal (collectively, the "Board Members"). Mr. Ressler generally has veto authority over decisions by the Board Members.
The Reporting Persons collectively beneficially own, or may be deemed to beneficially own, in the aggregate 9,180,130 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ACOF AIV 1A directly holds 508,532 shares of Common Stock, (ii) ACOF AIV 1B directly holds 1,860,972 shares of Common Stock, (iii) ACOF AIV 2 directly holds 1,895,787 shares of Common Stock, (iv) AEOF AIV A-B directly holds 1,894,861 shares of Common Stock, (v) AEOF AIV C directly holds 804,524 shares of Common Stock and (vi) AF Energy Feeder, L.P. directly holds 2,215,454 shares of Common Stock.
Each of the Reporting Persons (other than the ACOF AIVs, the AEOF AIVs, and AF Energy Feeder, L.P with respect to the shares of Common Stock directly held by them) and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes.
ARES MANAGEMENT LLC /s/ Naseem Sagati Aghili By: Naseem Sagati Aghili Its: Authorized Signatory
2022-01-28
AF V ENERGY IV AIV 1A, L.P. By: ACOF INVESTMENT MANAGEMENT LLC Its: Manager /s/ Naseem Sagati Aghili By: Naseem Sagati Aghili Its: Authorized Signatory
2022-01-28
AF V ENERGY IV AIV 1B, L.P. By: ACOF INVESTMENT MANAGEMENT LLC Its: Manager /s/ Naseem Sagati Aghili By: Naseem Sagati Aghili Its: Authorized Signatory
2022-01-28
AF V ENERGY IV AIV 2, L.P. By: ACOF INVESTMENT MANAGEMENT LLC Its: Manager /s/ Naseem Sagati Aghili By: Naseem Sagati Aghili Its: Authorized Signatory
2022-01-28
AEOF ECR AIV A-B, L.P. By: ACOF INVESTMENT MANAGEMENT LLC Its: Manager /s/ Naseem Sagati Aghili By: Naseem Sagati Aghili Its: Authorized Signatory
2022-01-28
AEOF ECR AIV C, L.P. By: ACOF INVESTMENT MANAGEMENT LLC Its: Manager /s/ Naseem Sagati Aghili By: Naseem Sagati Aghili Its: Authorized Signatory
2022-01-28
AF ENERGY FEEDER, L.P. By: ACOF INVESTMENT MANAGEMENT LLC Its: Manager /s/ Naseem Sagati Aghili By: Naseem Sagati Aghili Its: Authorized Signatory
2022-01-28