Sec Form 4 Filing - Berry Ryan @ Ares Management Corp - 2019-01-20

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 Berry Ryan 2. Issuer Name and Ticker or Trading Symbol Ares Management Corp [ ARES] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Chief Mktg. & Strategy Officer (Last) (First) (Middle) 2000 AVENUE OF THE STARS, 12TH FLOOR 3. Date of Earliest Transaction (MM/DD/YY) 01/20/2019 (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 Class A Common Stock 01/20/2019 A 15,901 A $ 0 553,075 ( 1 ) ( 2 ) ( 3 ) ( 4 ) D Class A Common Stock 2,700 I By Retirement Savings Plan Class A Common Stock 7,387 I By Spouse's SEP IRA Class A Common Stock 28,282 I By Reporting Person & Spouse as joint tenants with right of survivorship Class A Common Stock 5,003 I By IRA

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 Berry Ryan 2000 AVENUE OF THE STARS 12TH FLOOR LOS ANGELES, CA90067 Chief Mktg. & Strategy Officer Signatures /s/ Naseem Sagati Aghili, by power of attorney 01/23/2019 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Reflects a grant of 15,901 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 250,000 restricted units granted on November 1, 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 November 1, 2020, 2021, 2022 and 2023. Also includes 8,645 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.(Continued in Footnote 2) ( 2 )In connection with the vesting on January 20, 2019, the reporting person received 1,423 shares of Class A Common Stock, with the remaining 739 shares of Class A Common Stock withheld to cover taxes on this transaction. Also includes a grant of 100,000 restricted units, 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 a grant of 9,440 restricted units, 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 1,541 shares of Class A Common Stock, with the remaining 819 shares of Class A Common Stock withheld to cover taxes on this transaction.(Continued in Footnote 3) ( 3 )In connection with the vesting on January 20, 2019, the reporting person received 1,562 shares of Class A Common Stock, with the remaining 798 shares of Class A Common Stock withheld to cover taxes on this transaction. Also includes a grant of 100,000 restricted units, 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 August 15, 2021. Also includes a grant of 13,530 restricted units, 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, 2018, 2019 and 2020. In connection with the vesting on January 20, 2018, the reporting person received 2,712 shares of Class A Common Stock, with the remaining 1,798 shares of Class A Common Stock withheld to cover taxes on this transaction. (Continued in Footnote 4) ( 4 )In connection with the vesting on January 20, 2019, the reporting person received 2,673 shares of Class A Common Stock, with the remaining 1,837 shares of Class A Common Stock withheld to cover taxes on this transaction. Also includes a grant of 51,754 restricted units, 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 two equal installments on May 1, 2018 and 2019. In connection with the vesting on May 1, 2018, the reporting person received 16,928 shares of Class A Common Stock, with the remaining 8,949 shares of Class A Common Stock withheld to cover taxes on this transaction.

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