Sec Form 4 Filing - WEINER MICHAEL D @ ARES MANAGEMENT LP - 2017-01-20

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 WEINER MICHAEL D 2. Issuer Name and Ticker or Trading Symbol ARES MANAGEMENT LP [ ARES] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) EVP, CLO & Secretary (Last) (First) (Middle) 2000 AVENUE OF THE STARS, 12TH FLOOR 3. Date of Earliest Transaction (MM/DD/YY) 01/20/2017 (Street) LOS ANGELES, CA90067 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 Common Units 01/20/2017 A 9,709 A $ 0 62,590 ( 1 ) D Common Units 01/31/2017 A 25,000 A $ 0 87,590 ( 2 ) ( 3 ) D Common Units 154,572 I By Ares Owners Holdings L.P. ( 4 )

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

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other WEINER MICHAEL D 2000 AVENUE OF THE STARS 12TH FLOOR LOS ANGELES, CA90067 EVP, CLO & Secretary Signatures /s/ Michael D. Weiner 02/01/2017 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Reflects a grant of 9,709 restricted units, each of which represents the right to receive one Common Unit upon vesting. The restrictions on such units are scheduled to lapse in four equal installments on January 20, 2018, 2019, 2020 and 2021. Also includes 15,281 restricted units granted on January 20, 2016, each of which represents the right to receive one Common Unit upon vesting. The restrictions 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 Common Units, with the remaining 1,347 Common Units 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 Common Unit upon vesting. The restrictions are scheduled to lapse in three equal installments on May 1, 2017, 2018 and 2019. ( 2 )Reflects a grant of 25,000 restricted units, each of which represents the right to receive one Common Unit upon vesting. The restrictions on such units are scheduled to lapse on January 31, 2022. Also includes a grant of 9,709 restricted units, each of which represents the right to receive one Common Unit upon vesting. The restrictions on such units are scheduled to lapse in four equal installments on January 20, 2018, 2019, 2020 and 2021. Also includes 15,281 restricted units granted on January 20, 2016, each of which represents the right to receive one Common Unit upon vesting. The restrictions 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 Common Units, with the remaining 1,347 Common Units withheld to cover taxes on this transaction. (Continued in Footnote 3) ( 3 )Also includes 28,947 restricted units granted on May 1, 2014, each of which represents the right to receive one Common Unit upon vesting. The restrictions are scheduled to lapse in three equal installments on May 1, 2017, 2018 and 2019. ( 4 )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 common units representing limited partner interests (the "Common Units") of the Issuer. The Common Units indirectly held by the reporting person or the vehicle are the number of Common Units that he or the vehicle has a right to receive as a limited partner in AOH.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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