Sec Form 4 Filing - Arougheti Michael J @ Ares Management Corp - 2019-07-03

Insider filing report for Changes in Beneficial Ownership
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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
Arougheti Michael J
2. Issuer Name and Ticker or Trading Symbol
Ares Management Corp [ ARES]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Co-Founder, CEO & President
(Last) (First) (Middle)
2000 AVENUE OF THE STARS, 12TH FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
07/03/2019
(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 07/03/2019 S( 1 ) 30,678 D $ 27.05 ( 2 ) 1,290,590 ( 3 ) D
Class A Common Stock 07/05/2019 S( 4 ) 31,266 D $ 27.09 ( 5 ) 1,259,324 ( 3 ) D
Class A Common Stock 07/08/2019 S( 6 ) 65,546 D $ 26.94 ( 7 ) 1,193,778 ( 3 ) D
Class A Common Stock 2,355,052 I By Ares Owners Holdings L.P. ( 8 )
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
Arougheti Michael J
2000 AVENUE OF THE STARS
12TH FLOOR
LOS ANGELES, CA90067
X Co-Founder, CEO & President
Signatures
/s/ Naseem Sagati Aghili, by power of attorney 07/08/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person.
( 2 )The price reported in Column 4 is a weighted average price. These shares were sold on July 3, 2019 in multiple transactions at prices ranging from $26.81 to $27.26, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
( 3 )Includes a grant of 666,666 restricted units granted on July 31, 2018 pursuant to the Ares Management Corporation 2014 Equity Incentive Plan, each of which represents the right to receive one share of Class A Common Stock upon vesting. The restricted units will vest in four equal installments on January 1, 2020, 2021, 2022 and 2023, generally subject to the reporting person's continued service through each vesting date. The amount additionally includes 1,000,000 shares of Class A Common Stock held by Ares Owners Holdings L.P. ("AOH") on behalf of the reporting person, which were transferred to the reporting person.
( 4 )This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person.
( 5 )The price reported in Column 4 is a weighted average price. These shares were sold on July 5, 2019 in multiple transactions at prices ranging from $26.86 to $27.30, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
( 6 )This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person.
( 7 )The price reported in Column 4 is a weighted average price. These shares were sold on July 8, 2019 in multiple transactions at prices ranging from $26.80 to $27.05, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
( 8 )The reporting person or a vehicle controlled by him is a limited partner in AOH, the direct holder of the shares of Class A Common Stock. The shares of Class A Common Stock indirectly held by the reporting person or the vehicle are the number of shares of Class A Common Stock that he or the vehicle has a right to receive as a limited partner in AOH.

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