Form 4 for ARES Ares Management
Accepted 2021-09-14 00:00:00 ET · period of report 2021-09-11 · accession 0001628280-21-018630 · 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 | 2021-09-14 | 2021-09-13 | ARES | Arougheti Michael J | CEO, Pres, Co-Founder, Dir | F - Tax | $78.93 | -159.4K | 1.32M | -11% | -$12.58M |
| D | 2021-09-14 | 2021-09-11 | ARES | Arougheti Michael J | CEO, Pres, Co-Founder, Dir | M - OptEx | — | +300.0K | 1.48M | +25% | — |
| D | 2021-09-14 | 2021-09-11 | ARES | Arougheti Michael J | CEO, Pres, Co-Founder, Dir | M - OptEx | $0.00 | -300.0K | 0 | -100% | $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 | 2021-09-13 | F | D | 159,390 | $78.93 | 1,321,292 | 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 | 2021-09-11 | M | A | 300,000 | — | 1,480,682 | 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 September 11, 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 | 2021-09-11 | M | D | 300,000 | $0.00 | 0 | D | — · — to 2029-01-22 | 300,000 Class A Common Stock | (F5) The restricted units are fully vested as of September 11, 2021. |