4//SEC Filing
WEINER MICHAEL D 4
Accession 0001104659-19-034849
CIK 0001176948other
Filed
Jun 10, 8:00 PM ET
Accepted
Jun 11, 7:15 PM ET
Size
18.1 KB
Accession
0001104659-19-034849
Insider Transaction Report
Form 4
WEINER MICHAEL D
EVP, CLO & Secretary
Transactions
- Tax Payment
Class A Common Stock
2019-06-07$25.80/sh−83,761$2,161,034→ 112,113 total - Sale
Class A Common Stock
2019-06-10$26.01/sh−3,600$93,636→ 108,513 total - Exercise/Conversion
Option (Right to Buy)
2019-06-07−100,000→ 428,409 totalExercise: $19.00Exp: 2024-04-30→ Class A Common Stock (100,000 underlying) - Exercise/Conversion
Class A Common Stock
2019-06-07$19.00/sh+100,000$1,900,000→ 195,874 total - Sale
Class A Common Stock
2019-06-11$26.03/sh−12,639$328,993→ 95,874 total
Holdings
- 154,572(indirect: By Ares Owners Holdings L.P.)
Class A Common Stock
Footnotes (9)
- [F1]Includes a grant of 15,075 restricted units granted on January 20, 2019, each of which represents the right to receive one share of Class A Common Stock upon vesting. The restrictions on such units are scheduled to lapse in three equal installments on January 20, 2020, 2021 and 2022. Also includes 8,299 restricted units granted on January 20, 2018, each of which represents the right to receive one share of Class A Common Stock upon vesting. The restrictions on such units are scheduled to lapse in four equal installments on January 20, 2019, 2020, 2021 and 2022. In connection with the vesting on January 20, 2019, the reporting person received 1,406 shares of Class A Common Stock, with the remaining 669 shares of Class A Common Stock withheld to cover taxes on this transaction.(Continued in Footnote 2)
- [F2]Also includes 25,000 restricted units granted on January 31, 2017, each of which represents the right to receive one share of Class A Common Stock upon vesting. The restrictions on such units are scheduled to lapse on January 31, 2022. Also includes 9,709 restricted units granted on January 20, 2017, each of which represents the right to receive one share of Class A Common Stock upon vesting. The restrictions on such units are scheduled to lapse in four equal installments on January 20, 2018, 2019, 2020 and 2021. In connection with the vesting on January 20, 2018, the reporting person received 1,621 shares of Class A Common Stock, with the remaining 807 shares of Class A Common Stock withheld to cover taxes on this transaction.(Continued in Footnote 3)
- [F3]In connection with the vesting on January 20, 2019, the reporting person received 1,644 shares of Class A Common Stock, with the remaining 783 shares of Class A Common Stock withheld to cover taxes on this transaction. Also includes 15,281 restricted units granted on January 20, 2016, each of which represents the right to receive one share of Class A Common Stock upon vesting. The restrictions on such units are scheduled to lapse in four equal installments on January 20, 2017, 2018, 2019 and 2020. In connection with the vesting on January 20, 2017, the reporting person received 2,474 shares of Class A Common Stock, with the remaining 1,347 shares of Class A Common Stock withheld to cover taxes on this transaction. In connection with the vesting on January 20, 2018, the reporting person received 2,550 shares of Class A Common Stock, with the remaining 1,270 shares of Class A Common Stock withheld to cover taxes on this transaction.(Continued in Footnote 4)
- [F4]In connection with the vesting on January 20, 2019, the reporting person received 2,560 shares of Class A Common Stock, with the remaining 1,260 shares of Class A Common Stock withheld to cover taxes on this transaction. Also includes 28,947 restricted units granted on May 1, 2014, each of which represents the right to receive one share of Class A Common Stock upon vesting. The restrictions are scheduled to lapse in three equal installments on May 1, 2017, 2018 and 2019. In connection with the vesting on May 1, 2017, the reporting person received 6,022 shares of Class A Common Stock, with the remaining 3,627 shares of Class A Common Stock withheld to cover taxes on this transaction. In connection with the vesting on May 1, 2018, the reporting person received 6,312 shares of Class A Common Stock, with the remaining 3,337 shares of Class A Common Stock withheld to cover taxes on this transaction.(Continued in Footnote 5)
- [F5]In connection with the vesting on May 1, 2019, the reporting person received 6,312 shares of Class A Common Stock, with the remaining 3,337 shares of Class A Common Stock withheld to cover taxes on this transaction.
- [F6]The price reported in Column 4 is a weighted average price. These shares were sold on June 10, 2019 in multiple transactions at prices ranging from $26.00 to $26.06, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F7]The price reported in Column 4 is a weighted average price. These shares were sold on June 10, 2019 in multiple transactions at prices ranging from $26.00 to $26.11, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F8]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.
- [F9]The options are fully vested as of May 1, 2019.
Documents
Issuer
Ares Management Corp
CIK 0001176948
Entity typeother
Related Parties
1- filerCIK 0001267619
Filing Metadata
- Form type
- 4
- Filed
- Jun 10, 8:00 PM ET
- Accepted
- Jun 11, 7:15 PM ET
- Size
- 18.1 KB