Sec Form 4 Filing - ROWAN MARC J @ Apollo Global Management LLC - 2014-05-12

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person ROWAN MARC J 2. Issuer Name and Ticker or Trading Symbol Apollo Global Management LLC [ APO] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director X __ 10% Owner X __ Officer (give title below) _____ Other (specify below) Senior Managing Director (Last) (First) (Middle) C/O APOLLO GLOBAL MANAGEMENT, INC., 9 WEST 57TH STREET, 43RD FLOOR 3. Date of Earliest Transaction (MM/DD/YY) 05/12/2014 (Street) NEW YORK, NY10019 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Class A Shares 05/12/2014 M 2,925,620 A 2,925,620 I See Footnote ( 2 ) Class A Shares 05/12/2014 S( 3 ) 487,040 D $ 25.4293 ( 4 ) 2,438,580 I See Footnote ( 5 ) Class A Shares 05/12/2014 S( 3 ) 100 D $ 25.92 2,438,480 I See Footnote ( 5 ) Class A Shares 05/12/2014 S( 3 ) 1 D $ 26.05 2,438,479 I See Footnote ( 5 ) Class A Shares 05/13/2014 S( 3 ) 307,676 D $ 25.5795 ( 6 ) 2,130,803 I See Footnote ( 5 ) Class A Shares 05/14/2014 S( 3 ) 322,932 D $ 25.7104 ( 7 ) 1,807,871 I See Footnote ( 5 )

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Apollo Operating Group units ( 1 ) 05/12/2014 M 2,925,620 ( 8 ) ( 8 ) Class A Shares 2,925,620 ( 9 ) 0 I See Footnote ( 2 ) Apollo Operating Group units ( 1 ) ( 8 ) ( 8 ) Class A Shares ( 1 ) 51,657,022 I See Footnote ( 10 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other ROWAN MARC J C/O APOLLO GLOBAL MANAGEMENT, INC. 9 WEST 57TH STREET, 43RD FLOOR NEW YORK, NY10019 X X Senior Managing Director Signatures /s/ Marc J. Rowan 05/14/2014 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Each Apollo Operating Group ("AOG") unit represents a right to receive one Class A share of Apollo Global Management, LLC (the "Issuer"), subject to the restrictions and provisions set forth in the Agreement Among Principals, dated July 13, 2007, by and among the reporting person, Leon Black and Joshua Harris (the "Agreement Among Principals"), and the Second Amended and Restated Exchange Agreement, dated March 5, 2014, by and among the Issuer, AP Professional Holdings, L.P. and the other parties thereto (the "Exchange Agreement"). ( 2 )By MJR Foundation LLC ("MJR Foundation"), an estate planning vehicle for which voting and investment control are exercised by the reporting person. ( 3 )The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by MJR Foundation AC LLC ("MJR Foundation AC") on March 5, 2014, and pursuant to an effective registration statement under the Securities Act of 1933. ( 4 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.92 to $25.88, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (4), (6) and (7) to this Form 4. ( 5 )By MJR Foundation AC, which is wholly owned directly and indirectly by MJR Foundation. MJR Foundation AC is an estate planning vehicle for which voting and investment control are exercised by the reporting person. ( 6 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.35 to $25.74, inclusive. ( 7 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.40 to $25.80, inclusive. ( 8 )The AOG units were fully vested as of December 31, 2011 and do not expire. ( 9 )Pursuant to Instruction 4(c)(iii), this response has been left blank. ( 10 )By AP Professional Holdings, L.P. The reporting person is an indirect limited partner in BRH Holdings, L.P., which holds 88.62% of the limited partnership interests in AP Professional Holdings, L.P., the direct holder of the AOG units. The AOG units indirectly held by the reporting person are the number of AOG units that he has a right to receive as an indirect limited partner in BRH Holdings, L.P., subject to the restrictions and provisions set forth in the Agreement Among Principals and the Exchange Agreement.

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