Sec Form 4 Filing - Aria Renewable Energy Systems LLC @ Archaea Energy Inc. - 2021-12-13

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
Aria Renewable Energy Systems LLC
2. Issuer Name and Ticker or Trading Symbol
Archaea Energy Inc. [ LFG]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
2000 AVENUE OF THE STARS, 12TH FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
12/13/2021
(Street)
LOS ANGELES, CA90067
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ 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 B Common Stock 12/13/2021 J( 1 )( 2 ) 656,300 D $ 0 19,173,339 D( 3 )( 4 )( 5 )( 6 )( 7 )
Class A Common Stock 12/13/2021 C( 1 )( 2 ) 656,300 A $ 0 656,300 D( 3 )( 4 )( 5 )( 6 )( 7 )
Class A Common Stock 12/13/2021 S( 1 )( 2 ) 656,300 D $ 17.95 0 D( 3 )( 4 )( 5 )( 6 )( 7 )
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
LFG Class A Units ( 1 ) 12/13/2021 C( 1 ) 656,300 ( 1 ) ( 1 ) Class A Common Stock 656,300 $ 0 19,173,339 D( 3 )( 4 )( 5 )( 6 )( 7 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Aria Renewable Energy Systems LLC
2000 AVENUE OF THE STARS
12TH FLOOR
LOS ANGELES, CA90067
X X
UNITED STATES POWER FUND III, L.P.
C/O ARES MANAGEMENT LLC
THREE CHARLES RIVER PLACE, SUITE 101
NEEDHAM, MA02494
X X
EIF US Power III, LLC
2000 AVENUE OF THE STARS
12TH FLOOR
LOS ANGELES, CA90067
X X
EIF United States Power Fund IV, L.P.
C/O ARES MANAGEMENT LLC
THREE CHARLES RIVER PLACE, SUITE 101
NEEDHAM, MA02494
X X
EIF US Power IV, LLC
2000 AVENUE OF THE STARS
12TH FLOOR
LOS ANGELES, CA90067
X X
ARES EIF MANAGEMENT, LLC
2000 AVENUE OF THE STARS
12TH FLOOR
LOS ANGELES, CA90067
X X
ARES MANAGEMENT LLC
2000 AVENUE OF THE STARS
12TH FLOOR
LOS ANGELES, CA90067
X X
Ares Management Holdings L.P.
2000 AVENUE OF THE STARS
12TH FLOOR
LOS ANGELES, CA90067
X X
Ares Holdco LLC
2000 AVENUE OF THE STARS
12TH FLOOR
LOS ANGELES, CA90067
X X
Ares Management Corp
2000 AVENUE OF THE STARS
12TH FLOOR
LOS ANGELES, CA90067
X X
Signatures
Aria Renewable Energy Systems LLC By: /s/ NoahEhrenpreis, Vice President 12/13/2021
Signature of Reporting Person Date
United States Power Fund III, L.P. By: EIF US Power III, LLC, its general partner By: Ares EIF Management, LLC, its managing member By: /s/ Noah Ehrenpreis, Vice President 12/13/2021
Signature of Reporting Person Date
EIF US Power III, LLC By: Ares EIF Management, LLC, its managing member By: /s/ Noah Ehrenpreis, Vice President 12/13/2021
Signature of Reporting Person Date
EIF United States Power Fund IV, L.P. By: EIF US Power IV, LLC, its general partner By: Ares EIF Management, LLC, its managing member By: /s/ Noah Ehrenpreis, Vice President 12/13/2021
Signature of Reporting Person Date
EIF US Power IV, LLC By: Ares EIF Management, LLC, its managing member By: /s/ Noah Ehrenpreis, Vice President 12/13/2021
Signature of Reporting Person Date
Ares EIF Management LLC By: /s/ Noah Ehrenpreis, Vice President 12/13/2021
Signature of Reporting Person Date
Ares Management LLC By: /s/ Naseem Sagati Aghili, Authorized Signatory 12/13/2021
Signature of Reporting Person Date
Ares Management Holdings L.P. By: Ares Holdco LLC, its general partner By: /s/ Naseem Sagati Aghili, Authorized Signatory 12/13/2021
Signature of Reporting Person Date
Ares Holdco LLC By: /s/ Naseem Sagati Aghili, Authorized Signatory 12/13/2021
Signature of Reporting Person Date
Ares Management Corp. By: /s/ Naseem Sagati Aghili, Authorized Signatory 12/13/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )On December 13, 2021, 656,300 OpCo Class A Units held by Aria Renewable Energy Systems LLC ("Aria RES") were redeemed on a one-for-one basis for 656,300 shares of Class A Common Stock, par value $0.0001 per share ("Class A Common Stock") of Archaea Energy Inc. (the "Issuer") pursuant to a Redemption Notice from Aria RES dated December 8, 2021 and 656,300 shares of the Issuer's Class B common stock, par value $0.0001 per share, held by Aria RES were surrendered to the Issuer and canceled.
( 2 )On December 8, 2021, Aria RES entered into share purchase agreements (collectively, the "Salient Share Purchase Agreements") with certain entities affiliated with Salient Capital Advisors, LLC (collectively, the "Salient Purchasers" ) pursuant to which Aria RES agreed to sell to the Salient Purchasers and the Salient Purchasers agreed to purchase from Aria RES 656,300 shares of Class A Common Stock of the Issuer at a purchase price of $17.95 per share, subject to certain conditions. In accordance with the terms of the Salient Share Repurchase Agreements, on December 13, 2021, Aria RES completed the sale of 656,300 shares of Class A Common Stock to the Salient Purchasers.
( 3 )These shares are directly held by Aria RES. The Reporting Persons may be deemed to beneficially own, these shares by reason of the direct or indirect beneficial ownership of such shares, except as follows: (i) United States Power Fund III, L.P. ("USP Fund III") may be deemed to beneficially own 10,351,432 of these shares, (ii) EIF United States Power Fund IV, L.P. ("EIF USP Fund IV") may be deemed to beneficially own 8,821,907 of these shares, (iii) EIF US Power III, LLC may be deemed to beneficially own 10,351,432 of these shares, and (iv) EIF US Power IV, LLC may be deemed to beneficially own 8,821,907 of these shares.
( 4 )This statement is being filed jointly by (i) Aria RES, (ii) USP Fund III, (iii) EIF USP Fund IV (together with USP Fund III, the "Ares Funds"), (iv) EIF US Power III, LLC, (v) EIF US Power IV, LLC, (vi) Ares EIF Management LLC, (vii) Ares Management LLC, (viii) Ares Management Holdings L.P. ("Ares Management Holdings"), (ix) Ares Holdco LLC ("Ares Holdco"), (x) Ares Management Corp. ("Ares Management"), (xi) Ares Management GP LLC ("Ares Management GP"), (xii) Ares Voting LLC ("Ares Voting"), and (xiii) Ares Partners Holdco LLC ("Ares Partners") (collectively, the "Reporting Persons"). Due to the electronic system's limitation of 10 Reporting Persons per joint filing, this statement is being filed in two parts.
( 5 )Aria RES is indirectly controlled by the Ares Funds. The general partner of USP Fund III is EIF US Power III, LLC, and the managing member of EIF US Power III, LLC is Ares EIF Management LLC. The general partner of EIF USP Fund IV is EIF US Power IV, LLC, and the managing member of EIF US Power IV, LLC is Ares EIF Management LLC. The sole member of Ares EIF Management LLC is Ares Management LLC. The sole member of Ares Management LLC is Ares Management Holdings and the general partner of Ares Management Holdings is Ares Holdco. The sole member of Ares Holdco is Ares Management. Ares Management GP is the sole holder of Class B common stock, $0.01 par value per share, of Ares Management and Ares Voting is the sole holder of Class C common stock, $0.01 par value per share, of Ares Management. (continued in next footnote)
( 6 )Pursuant to Ares Management's Certificate of Incorporation, the holders of Ares Management's Class B common stock and Class C common stock, collectively, will generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. The sole member of both Ares Management GP and Ares Voting is Ares Partners (together with Aria RES, the Ares Funds, EIF US Power III, LLC, EIF US Power IV, LLC, Ares EIF Management LLC, Ares Management LLC, Ares Management Holdings, Ares Holdco, Ares Management, Ares Management GP and Ares Voting, the "Ares Entities"). Ares Partners is managed by a board of managers, which is composed of Michael Arougheti, Ryan Berry, R. Kipp deVeer, David Kaplan, Antony Ressler and Bennett Rosenthal (collectively, the "Board Members"). Mr. Ressler generally has veto authority over Board Members' decisions.
( 7 )Each of the Ares Entities (other than Aria RES with respect to the shares held directly), and the Board Members, and the other directors, officers, partners, stockholders, member and managers of the Ares Entities, expressly disclaims beneficial ownership of any equity securities of the Issuer, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act, or for any other purposes.

Remarks:
Scott Parkes, who is a principal at Ares Management LLC, became a member of the Issuer's Board of Directors (the "Board") on September 15,2021. Pursuant to the terms of the Stockholders' Agreement, dated September 15, 2021, by and among Aria RES, the Issuer and certain other stockholders and parties thereto, the Reporting Persons have the right to designate one director for appointment or election to the Board for so long as Aria RES, its affiliates and certain permitted transferees hold at least 50% of the Registrable Securities (as defined in the Stockholders' Agreement) held by Aria RES on September 15, 2021. Aria RES designated Mr. Parkes as a Board member. For the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the Reporting Persons may be deemed a director by deputization with respect to the Issuer on the basis of Mr. Parkes serving on the Board.

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