4//SEC Filing
McFerran Michael R 4
Accession 0001628280-21-000740
CIK 0001176948other
Filed
Jan 21, 7:00 PM ET
Accepted
Jan 22, 9:42 PM ET
Size
25.5 KB
Accession
0001628280-21-000740
Insider Transaction Report
Form 4
McFerran Michael R
EVP, CFO & Treasurer
Transactions
- Award
Class A Common Stock
2021-01-21+112,500→ 922,538 total - Exercise/Conversion
Class A Common Stock
2020-09-02$18.35/sh+30,000$550,500→ 742,228 total - Exercise/Conversion
Options (Right to Buy)
2020-05-07$18.35/sh+50,000$917,500→ 204,453 totalExercise: $18.35Exp: 2025-03-23→ Class A Common Stock (50,000 underlying) - Exercise/Conversion
Options (Right to Buy)
2020-09-02$18.35/sh+30,000$550,500→ 144,453 totalExercise: $18.35Exp: 2025-03-23→ Class A Common Stock (30,000 underlying) - Award
Class A Common Stock
2021-01-20+9,634→ 815,874 total - Tax Payment
Class A Common Stock
2021-01-20$46.42/sh−5,836$270,907→ 810,038 total - Exercise/Conversion
Class A Common Stock
2020-05-07$18.35/sh+50,000$917,500→ 809,728 total - Exercise/Conversion
Class A Common Stock
2020-08-27$18.35/sh+30,000$550,500→ 742,228 total - Award
Restricted Units
2021-01-21+450,000→ 450,000 totalExp: 2029-01-22→ Class A Common Stock (450,000 underlying) - Exercise/Conversion
Options (Right to Buy)
2020-08-27$18.35/sh+30,000$550,500→ 174,453 totalExercise: $18.35Exp: 2025-03-23→ Class A Common Stock (30,000 underlying)
Holdings
- 144,453
Options (Right to Buy)
Exercise: $18.35Exp: 2025-03-23→ Class A Common Stock (144,453 underlying)
Footnotes (11)
- [F1]Granted under the Ares Management Corporation Second Amended and Restated 2014 Equity Incentive Plan (the "Equity Incentive Plan"). Each restricted unit 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, 2022, 2023 and 2024.
- [F10]The price in column 2 and column 8 reported in this Form 4 corrects a scriveners' error in previously reported Forms 4 (filed on May 8, 2020, August 31, 2020 and September 3, 2020).
- [F11]The options are fully vested as of March 23, 2020.
- [F2]Includes 755,686 restricted units granted under the Equity Incentive Plan. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.
- [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. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting.
- [F4]Includes 739,149 restricted units granted under the Equity Incentive Plan. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.
- [F5]Granted under the Equity Incentive Plan. Each restricted unit 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 31, 2023, 2024, 2025 and 2026.
- [F6]Includes 851,649 restricted units granted under the Equity Incentive Plan. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. The restricted units vest in installments in accordance with the applicable restricted unit award agreement.
- [F7]The price in column 4 reported in this Form 4 corrects a scriveners' error in previously reported Forms 4 (filed on May 8, 2020, August 31, 2020 and September 3, 2020).
- [F8]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: (i) 112,500 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 $55.00; (ii) 112,500 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 $60.00; (Continued in footnote 8)
- [F9](iii) 112,500 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 $65.00; (iv) 112,500 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, in each case generally subject to the reporting person's continued service through the applicable vesting date.
Documents
Issuer
Ares Management Corp
CIK 0001176948
Entity typeother
Related Parties
1- filerCIK 0001464431
Filing Metadata
- Form type
- 4
- Filed
- Jan 21, 7:00 PM ET
- Accepted
- Jan 22, 9:42 PM ET
- Size
- 25.5 KB