Form 4 for ARES Ares Management
Accepted 2021-08-03 00:00:00 ET · period of report 2021-07-30 · accession 0001628280-21-015426 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-08-03 | 2021-07-30 | ARES | Arougheti Michael J | CEO, Pres, Co-Founder, Dir | F - Tax | $71.61 | -146.9K | 1.18M | -11% | -$10.52M |
| D | 2021-08-03 | 2021-07-30 | ARES | Arougheti Michael J | CEO, Pres, Co-Founder, Dir | M - OptEx | — | +300.0K | 1.33M | +29% | — |
| D | 2021-08-03 | 2021-07-30 | ARES | Arougheti Michael J | CEO, Pres, Co-Founder, Dir | M - OptEx | $0.00 | -300.0K | 300.0K | -50% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2021-07-30 | F | D | 146,910 | $71.61 | 1,180,682 | D | — | — | (F3) Consists of Class A Common Stock withheld by the Issuer in order to satisfy the minimum tax withholding obligations of the reporting person arising in connection with the vesting of restricted units representing the right to receive one share of Class A Common Stock under the Equity Incentive Plan. (F2) Includes 633,332 restricted units granted under the Equity Incentive Plan. These restricted units vest in installments in accordance with the applicable restricted unit award agreement. |
| 2 | Common | Class A Common Stock | 2021-07-30 | M | A | 300,000 | — | 1,327,592 | D | — | — | (F1) Reflects the vesting of 300,000 restricted units granted on January 22, 2021 under the Ares Management Corporation Third Amended and Restated 2014 Equity Incentive Plan (the "Equity Incentive Plan") on July 30, 2021 pursuant to the vesting conditions of such restricted units. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. (F2) Includes 633,332 restricted units granted under the Equity Incentive Plan. These restricted units vest in installments in accordance with the applicable restricted unit award agreement. |
| 3 | Derivative | Restricted Units | 2021-07-30 | M | D | 300,000 | $0.00 | 300,000 | D | — · — to 2029-01-22 | 300,000 Class A Common Stock | (F5) The restricted units were granted on January 22, 2021 pursuant to the Equity Incentive Plan, each of which represents the right to receive one share of Class A Common Stock upon vesting. The restricted units are subject to market price-based vesting conditions as follows: 300,000 units will vest if, over all trading days that occur during any 30 consecutive calendar day period on or prior to January 22, 2029, the volume-weighted average price per share of Class A Common Stock is at least $75.00, generally subject to the reporting person's continued service through the applicable vesting date. |