Ares Management Corp — Director's Dealing 2022

Feb 12, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ares Management Corp (ARES)
CIK: 0001176948
Period of Report: 2022-02-09

Reporting Person: Arougheti Michael J (Director, Co-Founder, CEO and President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-09	Class A Common Stock	S	13334	$80.36	Disposed	990609	Direct
2022-02-09	Class A Common Stock	S	86286	$80.51	Disposed	764970	Indirect
2022-02-09	Class A Common Stock	S	22976	$81.10	Disposed	741994	Indirect
2022-02-10	Class A Common Stock	S	123152	$80.45	Disposed	618842	Indirect
2022-02-10	Class A Common Stock	S	41548	$81.68	Disposed	577294	Indirect
2022-02-10	Class A Common Stock	S	19614	$82.21	Disposed	557680	Indirect
2022-02-11	Class A Common Stock	S	10406	$81.06	Disposed	547274	Indirect
2022-02-11	Class A Common Stock	S	25529	$82.18	Disposed	521745	Indirect
2022-02-11	Class A Common Stock	S	21645	$82.81	Disposed	500100	Indirect
2022-02-11	Class A Common Stock	S	100	$83.73	Disposed	500000	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	150258	Indirect

Footnotes

F1: This transaction was effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person or a vehicle controlled by him.

F2: The price reported in Column 4 is a weighted average price. These shares were sold on February 9, 2022 in multiple transactions at prices ranging from $80.00 to $80.70. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote and footnotes 4, 5, 6, 7, 8, 9, 10 and 11.

F3: Includes 766,666 restricted units granted under the Ares Management Corporation Third Amended and Restated 2014 Equity Incentive Plan. These restricted units vest in installments in accordance with the applicable restricted unit award agreement.

F4: The price reported in Column 4 is a weighted average price. These shares were sold on February 9, 2022 in multiple transactions at prices ranging from $80.00 to $80.99.

F5: The price reported in Column 4 is a weighted average price. These shares were sold on February 9, 2022 in multiple transactions at prices ranging from $81.00 to $81.27.

F6: The price reported in Column 4 is a weighted average price. These shares were sold on February 10, 2022 in multiple transactions at prices ranging from $80.00 to $80.98.

F7: The price reported in Column 4 is a weighted average price. These shares were sold on February 10, 2022 in multiple transactions at prices ranging from $81.01 to $82.00.

F8: The price reported in Column 4 is a weighted average price. These shares were sold on February 10, 2022 in multiple transactions at prices ranging from $82.01 to $82.78.

F9: The price reported in Column 4 is a weighted average price. These shares were sold on February 11, 2022 in multiple transactions at prices ranging from $80.45 to $81.40.

F10: The price reported in Column 4 is a weighted average price. These shares were sold on February 11, 2022 in multiple transactions at prices ranging from $81.50 to $82.49.

F11: The price reported in Column 4 is a weighted average price. These shares were sold on February 11, 2022 in multiple transactions at prices ranging from $82.50 to $83.40.

F12: 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 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.