| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ARES | Class A Common Stock | Options Exercise | +25K | +3.48% | 744K | Jul 1, 2021 | Direct | F1, F2 | ||
| transaction | ARES | Class A Common Stock | Tax liability | -$792K | -12.4K | -1.67% | $63.90 | 732K | Jul 1, 2021 | Direct | F2, F3 |
| holding | ARES | Class A Common Stock | 2.7K | Jul 1, 2021 | By Retirement Savings Plan | ||||||
| holding | ARES | Class A Common Stock | 7.39K | Jul 1, 2021 | By Spouse's SEP IRA | ||||||
| holding | ARES | Class A Common Stock | 139K | Jul 1, 2021 | By Reporting Person and Spouse as joint tenants with right of survivorship | ||||||
| holding | ARES | Class A Common Stock | 5K | Jul 1, 2021 | By IRA |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ARES | Restricted Units | Options Exercise | $0 | -25K | -33.33% | $0.00 | 50K | Jul 1, 2021 | Class A Common Stock | 25K | Direct | F4 | |
| holding | ARES | Ares Operating Group Units | 46.9K | Jul 1, 2021 | Class A Common Stock | 46.9K | Ares Owners Holdings L.P. | F5, F6 | ||||||
| holding | ARES | Options (Right to Buy) | 423K | Jul 1, 2021 | Class A Common Stock | 423K | $19.00 | Direct | F7 |
| Id | Content |
|---|---|
| F1 | Reflects the vesting of 25,000 restricted units granted on January 22, 2021 under the Ares Management Corporation Second Amended and Restated 2014 Equity Incentive Plan (the "Equity Incentive Plan") on July 1, 2021 pursuant to the vesting conditions of such restricted units. Each restricted unit represents the right to receive one share of Class A Common Stock upon vesting. |
| F2 | Includes 706,695 restricted units granted under the Equity Incentive Plan. These restricted units vest in installments in accordance with the applicable restricted unit award agreement. |
| F3 | Consists of Class A Common Stock withheld by the Issuer in order to satisfy the minimum tax withholding obligations of the reporting person arising in connection with the vesting of restricted units representing the right to receive one share of Class A Common Stock under the Equity Incentive Plan. |
| F4 | The restricted units were granted on January 22, 2021 pursuant to the Equity Incentive Plan, each of which represents the right to receive one share of Class A Common Stock upon vesting. The restricted units are subject to market price-based vesting conditions as follows: (i) 25,000 units will vest if, over all trading days that occur during any 30 consecutive calendar day period on or prior to January 22, 2029, the volume-weighted average price per share of Class A Common Stock is at least $65.00, and (ii) 25,000 units will vest if, over all trading days that occur during any 30 consecutive calendar day period on or prior to January 22, 2029, the volume-weighted average price per share of Class A Common Stock is at least $75.00, in each case generally subject to the reporting person's continued service through the applicable vesting date. |
| F5 | Pursuant to the terms of the Fifth Amended and Restated Exchange Agreement, dated as of April 1, 2021, among Ares Holdco LLC, Ares Holdings L.P., Ares Management Corporation, and each Ares Operating Group Limited Partner (as defined in the exchange agreement), and subject to certain requirements and restrictions, the partnership units of the Ares Operating Group ("AOG units") are exchangeable for shares of Class A Common Stock on a one-for-one basis. |
| F6 | 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 AOG units. The AOG units indirectly held by the reporting person or the vehicle are the number of AOG units that he or the vehicle has a right to receive as a limited partner in AOH. |
| F7 | The options are fully vested as of May 1, 2019. |