4//SEC Filing
McFerran Michael R 4
Accession 0001628280-21-006803
CIK 0001176948other
Filed
Apr 11, 8:00 PM ET
Accepted
Apr 12, 9:39 PM ET
Size
11.6 KB
Accession
0001628280-21-006803
Insider Transaction Report
Form 4
McFerran Michael R
EVP, CFO & Treasurer
Transactions
- Tax Payment
Class A Common Stock
2021-04-08$55.34/sh−55,778$3,086,755→ 962,540 total - Exercise/Conversion
Class A Common Stock
2021-04-08+112,500→ 1,018,318 total - Exercise/Conversion
Restricted Units
2021-04-08−112,500→ 337,500 totalExp: 2029-01-22→ Class A Common Stock (112,500 underlying)
Holdings
- 144,453
Options (Right to Buy)
Exercise: $18.35Exp: 2025-03-23→ Class A Common Stock (144,453 underlying)
Footnotes (6)
- [F1]Reflects the vesting of 112,500 restricted units granted on January 22, 2021 under the Ares Management Corporation Second Amended and Restated 2014 Equity Incentive Plan (the "Equity Incentive Plan") on April 8, 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 817,421 restricted units granted under the Equity Incentive Plan. These 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.
- [F4]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 $60.00; (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 $65.00; (Continued in footnote 5)
- [F5]and (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 $75.00, in each case generally subject to the reporting person's continued service through the applicable vesting date.
- [F6]The options are fully vested as of March 23, 2020.
Documents
Issuer
Ares Management Corp
CIK 0001176948
Entity typeother
Related Parties
1- filerCIK 0001464431
Filing Metadata
- Form type
- 4
- Filed
- Apr 11, 8:00 PM ET
- Accepted
- Apr 12, 9:39 PM ET
- Size
- 11.6 KB