Sec Form 3 Filing - ASOF II Frontier Holdings 1 L.P. @ Frontier Communications Parent, Inc. - 2023-03-13

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
FORM 3
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
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
ASOF II Frontier Holdings 1 L.P.
2. Issuer Name and Ticker or Trading Symbol
Frontier Communications Parent, Inc. [ FYBR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ 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)
03/13/2023
(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
Common Stock, par value $0.01 107,916 ( 1 ) ( 2 ) ( 3 ) ( 4 ) ( 5 ) ( 6 ) ( 7 ) ( 8 ) ( 9 ) ( 10 ) ( 11 ) D
Common Stock, par value $0.01 5,201 ( 1 ) ( 2 ) ( 3 ) ( 4 ) ( 5 ) ( 6 ) ( 7 ) ( 8 ) ( 9 ) ( 10 ) ( 11 ) D
Common Stock, par value $0.01 5,793 ( 1 ) ( 2 ) ( 3 ) ( 4 ) ( 5 ) ( 6 ) ( 7 ) ( 8 ) ( 9 ) ( 10 ) ( 11 ) D
Common Stock, par value $0.01 5,615 ( 1 ) ( 2 ) ( 3 ) ( 4 ) ( 5 ) ( 6 ) ( 7 ) ( 8 ) ( 9 ) ( 10 ) ( 11 ) D
Common Stock, par value $0.01 5,562 ( 1 ) ( 2 ) ( 3 ) ( 4 ) ( 5 ) ( 6 ) ( 7 ) ( 8 ) ( 9 ) ( 10 ) ( 11 ) D
Common Stock, par value $0.01 5,894 ( 1 ) ( 2 ) ( 3 ) ( 4 ) ( 5 ) ( 6 ) ( 7 ) ( 8 ) ( 9 ) ( 10 ) ( 11 ) D
Common Stock, par value $0.01 5,909 ( 1 ) ( 2 ) ( 3 ) ( 4 ) ( 5 ) ( 6 ) ( 7 ) ( 8 ) ( 9 ) ( 10 ) ( 11 ) D
Common Stock, par value $0.01 25,851 ( 1 ) ( 2 ) ( 3 ) ( 4 ) ( 5 ) ( 6 ) ( 7 ) ( 8 ) ( 9 ) ( 10 ) ( 11 ) D
Common Stock, par value $0.01 951 ( 1 ) ( 2 ) ( 3 ) ( 4 ) ( 5 ) ( 6 ) ( 7 ) ( 8 ) ( 9 ) ( 10 ) ( 11 ) D
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
ASOF II Frontier Holdings 1 L.P.
2000 AVENUE OF THE STARS, 12TH FLOOR
LOS ANGELES, CA90067
X
ASOF II Frontier Holdings 2 L.P.
2000 AVENUE OF THE STARS, 12TH FLOOR
LOS ANGELES, CA90067
X
ASOF II Frontier Holdings 3 L.P.
2000 AVENUE OF THE STARS, 12TH FLOOR
LOS ANGELES, CA90067
X
ASOF II Frontier Holdings 4 L.P.
2000 AVENUE OF THE STARS, 12TH FLOOR
LOS ANGELES, CA90067
X
ASOF II Frontier Holdings 5 L.P.
2000 AVENUE OF THE STARS, 12TH FLOOR
LOS ANGELES, CA90067
X
ASOF II Frontier Holdings 6 L.P.
2000 AVENUE OF THE STARS, 12TH FLOOR
LOS ANGELES, CA90067
X
ASOF II Frontier Holdings 7 L.P.
2000 AVENUE OF THE STARS, 12TH FLOOR
LOS ANGELES, CA90067
X
ASOF II A (DE) Frontier Holdings 1 L.P.
2000 AVENUE OF THE STARS, 12TH FLOOR
LOS ANGELES, CA90067
X
ASOF II A (DE) Frontier Holdings 2 L.P.
2000 AVENUE OF THE STARS, 12TH FLOOR
LOS ANGELES, CA90067
X
Signatures
ASOF II FRONTIER HOLDINGS 1 L.P. By: ASOF INVESTMENT MANAGEMENT LLC, its manager /s/ Chris Kerezsi By: Chris Kerezsi Its: Authorized Signatory 03/15/2023
Signature of Reporting Person Date
ASOF II FRONTIER HOLDINGS 2 L.P. By: ASOF INVESTMENT MANAGEMENT LLC, its manager /s/ Chris Kerezsi By: Chris Kerezsi Its: Authorized Signatory 03/15/2023
Signature of Reporting Person Date
ASOF II FRONTIER HOLDINGS 3 L.P. By: ASOF INVESTMENT MANAGEMENT LLC, its manager /s/ Chris Kerezsi By: Chris Kerezsi Its: Authorized Signatory 03/15/2023
Signature of Reporting Person Date
ASOF II FRONTIER HOLDINGS 4 L.P. By: ASOF INVESTMENT MANAGEMENT LLC, its manager /s/ Chris Kerezsi By: Chris Kerezsi Its: Authorized Signatory 03/15/2023
Signature of Reporting Person Date
ASOF II FRONTIER HOLDINGS 5 L.P. By: ASOF INVESTMENT MANAGEMENT LLC, its manager /s/ Chris Kerezsi By: Chris Kerezsi Its: Authorized Signatory 03/15/2023
Signature of Reporting Person Date
ASOF II FRONTIER HOLDINGS 6 L.P. By: ASOF INVESTMENT MANAGEMENT LLC, its manager /s/ Chris Kerezsi By: Chris Kerezsi Its: Authorized Signatory 03/15/2023
Signature of Reporting Person Date
ASOF II FRONTIER HOLDINGS 7 L.P. By: ASOF INVESTMENT MANAGEMENT LLC, its manager /s/ Chris Kerezsi By: Chris Kerezsi Its: Authorized Signatory 03/15/2023
Signature of Reporting Person Date
ASOF II A (DE) FRONTIER HOLDINGS 1 L.P. By: ASOF INVESTMENT MANAGEMENT LLC, its manager /s/ Chris Kerezsi By: Chris Kerezsi Its: Authorized Signatory 03/15/2023
Signature of Reporting Person Date
ASOF II A (DE) FRONTIER HOLDINGS 2 L.P. By: ASOF INVESTMENT MANAGEMENT LLC, Its manager /s/ Chris Kerezsi By: Chris Kerezsi Its: Authorized Signatory 03/15/2023
Signature of Reporting Person Date
Explanation of Responses:
( 1 )This statement is being filed jointly by ASOF II Frontier Holdings 1 L.P. ("ASOF II Frontier Holdings 1"), ASOF II Frontier Holdings 2 L.P. ("ASOF II Frontier Holdings 2"), ASOF II Frontier Holdings 3 L.P. ("ASOF II Frontier Holdings 3"), ASOF II Frontier Holdings 4 L.P. ("ASOF II Frontier Holdings 4"), ASOF II Frontier Holdings 5 L.P. ("ASOF II Frontier Holdings 5"), ASOF II Frontier Holdings 6 L.P. ("ASOF II Frontier Holdings 6"), ASOF II Frontier Holdings 7 L.P. ("ASOF II Frontier Holdings 7"), (continued in next footnote)
( 2 )ASOF II A (DE) Frontier Holdings 1 L.P. ("ASOF II A (DE) Frontier Holdings 1") and ASOF II A (DE) Frontier Holdings 2 L.P. ("ASOF II A (DE) Frontier Holdings 2," and together with ASOF II Frontier Holdings 1, ASOF II Frontier Holdings 2, ASOF II Frontier Holdings 3, ASOF II Frontier Holdings 4, ASOF II Frontier Holdings 5, ASOF II Frontier Holdings 6, ASOF II Frontier Holdings 7 and ASOF II A (DE) Frontier Holdings 1, the "Reporting Persons").
( 3 )The Reporting Persons directly beneficially own, or may be deemed to beneficially own, in the aggregate 168,692 shares of Common Stock as follows: (i) ASOF II Frontier Holdings 1 owns 107,916 shares of Common Stock; (ii) ASOF II Frontier Holdings 2 owns 5,201 shares of Common Stock; (iii) ASOF II Frontier Holdings 3 owns 5,793 shares of Common Stock; (iv) ASOF II Frontier Holdings 4 owns 5,615 shares of Common Stock; (v) ASOF II Frontier Holdings 5 owns 5,562 shares of Common Stock; (vi) ASOF II Frontier Holdings 6 owns 5,894 shares of Common Stock; (vii) ASOF II Frontier Holdings 7 owns 5,909 shares of Common Stock; (viii) ASOF II A (DE) Frontier Holdings 1 owns 25,851 shares of Common Stock and (ix) ASOF II A (DE) Frontier Holdings 2 owns 951 shares of Common Stock.
( 4 )The Reporting Persons are affiliates of the following persons: ACOF VI Frontier AIV A1, L.P. ("ACOF VI Frontier AIV A1"), ACOF VI Frontier AIV A2, L.P. ("ACOF VI Frontier AIV A2"), ACOF VI Frontier AIV A3, L.P. ("ACOF VI Frontier AIV A3"), ACOF VI Frontier AIV A4, L.P. ("ACOF VI Frontier AIV A4"), ACOF VI Frontier AIV A5, L.P. ("ACOF VI Frontier AIV A5"), ACOF VI Frontier AIV A6, L.P. ("ACOF VI Frontier AIV A6"), ACOF VI Frontier AIV A7, L.P. ("ACOF VI Frontier AIV A7"), ACOF VI Frontier AIV A8, L.P. ("ACOF VI Frontier AIV A8"), ACOF VI Frontier AIV A9, L.P. ("ACOF VI Frontier AIV A9"), ACOF VI Frontier AIV A10, L.P. ("ACOF VI Frontier AIV A10") and (continued in next footnote)
( 5 )ACOF VI Frontier AIV B1, L.P. ("ACOF VI Frontier AIV B1", together with ACOF VI Frontier AIV A1, ACOF VI Frontier AIV A2, ACOF VI Frontier AIV A3, ACOF VI Frontier AIV A4, ACOF VI Frontier AIV A5, ACOF VI Frontier AIV A6, ACOF VI Frontier AIV A7, ACOF VI Frontier AIV A8, ACOF VI Frontier AIV A9 and ACOF VI Frontier AIV A10, the "ACOF Funds"), (continued in next footnote)
( 6 )ASOF Frontier AIV A1, L.P. ("ASOF Frontier AIV A1"), ASOF Frontier AIV A2, L.P. ("ASOF Frontier AIV A2"), ASOF Frontier AIV A3, L.P. ("ASOF Frontier AIV A3"), ASOF Frontier AIV A4, L.P. ("ASOF Frontier AIV A4"), ASOF Frontier AIV A5, L.P. ("ASOF Frontier AIV A5"), ASOF Frontier AIV A6, L.P. ("ASOF Frontier AIV A6"), ASOF Frontier AIV A7, L.P. ("ASOF Frontier AIV A7"), ASOF Frontier AIV A8, L.P. ("ASOF Frontier AIV A8"), ASOF Frontier AIV A9, L.P. ("ASOF Frontier AIV A9"), ASOF Frontier AIV A10, L.P. ("ASOF Frontier AIV A10"), ASOF Frontier AIV A11, L.P. ("ASOF Frontier AIV A11"), and (continued in next footnote)
( 7 )ASOF Frontier AIV B1, L.P. ("ASOF Frontier AIV B1", together with ASOF Frontier AIV A1, ASOF Frontier AIV A2, ASOF Frontier AIV A3, ASOF Frontier AIV A4, ASOF Frontier AIV A5, ASOF Frontier AIV A6, ASOF Frontier AIV A7, ASOF Frontier AIV A8, ASOF Frontier AIV A9, ASOF Frontier AIV A10, ASOF Frontier AIV A11 and the Reporting Persons, the "ASOF Funds"), ASSF IV AIV B Holdings III, L.P. ("ASSF IV AIV B Holdings III"), ASSF IV AIV B, L.P. ("ASSF IV AIV B", and together with ASSF IV AIV B Holdings III, the "ASSF Funds", and together with the ACOF Funds, and the ASOF Funds, the "Ares Direct Holders"), (continued in next footnote)
( 8 )ACOF Investment Management LLC ("ACOF Investment Management"), ASOF Investment Management LLC ("ASOF Investment Management"), ASSF Operating Manager IV, L.P. ("ASSF Operating Manager IV"), Ares Management LLC, Ares Management Holdings L.P. ("Ares Management Holdings"), Ares Holdco LLC ("Ares Holdco"), Ares Management Corporation ("Ares Management"), Ares Voting LLC ("Ares Voting"), Ares Management GP LLC ("Ares Management GP") and Ares Partners Holdco LLC ("Ares Partners"). As of March 13, 2023, the Reporting Persons and these affiliates collectively beneficially own, or may be deemed to beneficially own, in the aggregate 35,373,824 shares of Common Stock.
( 9 )Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Management Holdings, which is the sole member of Ares Management LLC, which is: (a) the sole member of ACOF Investment Management, which is the manager of the ACOF Funds, (b) the sole member of ASOF Investment Management, which is the manager of the ASOF Funds; and (c) the general partner of ASSF Operating Manager IV, which is the manager of the ASSF Funds.
( 10 )Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the "Board Members"). Mr. Ressler generally has veto authority over Board Members' decisions.
( 11 )Each of the Ares Direct Holders and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Common Stock, except to the extent of any pecuniary interest therein, and this Form 3 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 Securities Exchange Act of 1934, as amended, or for any other purposes.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.