0001104659-22-032018.txt : 20220309 0001104659-22-032018.hdr.sgml : 20220309 20220309160353 ACCESSION NUMBER: 0001104659-22-032018 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220307 FILED AS OF DATE: 20220309 DATE AS OF CHANGE: 20220309 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: 22725380 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: 22725378 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: 22725379 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: 22725374 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: 22725377 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: 22725376 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: 22725375 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 tm228163-5_4seq1.xml OWNERSHIP DOCUMENT X0306 4 2022-03-07 1 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 2022-03-07 4 S 0 225000 43.1793 D 8062573 I See Footnotes Common Stock, par value $0.01 2022-03-08 4 S 0 350000 45.1577 D 7712573 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 7,712,573 shares of Common Stock by reason of the direct or indirect beneficial ownership of such shares as follows: (i) ACOF AIV 1A directly holds 393,380 shares of Common Stock, (ii) ACOF AIV 1B directly holds 1,439,557 shares of Common Stock, (iii) ACOF AIV 2 directly holds 1,466,491 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 1,713,760 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 2022-03-09 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 2022-03-09 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 2022-03-09 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 2022-03-09 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 2022-03-09 AEOF ECR AIV C, L.P. By: ACOF INVESTMENT MANAGEMENT LLC Its: Manager /s/ Naseem Sagati Aghili By: Naseem Sagati Aghili Its: Authorized Signatory 2022-03-09 AF ENERGY FEEDER, L.P. By: ACOF INVESTMENT MANAGEMENT LLC Its: Manager /s/ Naseem Sagati Aghili By: Naseem Sagati Aghili Its: Authorized Signatory 2022-03-09