4//SEC Filing
Ares Management Corp 4
Accession 0001104659-24-103736
$ARESCIK 0001579877operating
Filed
Sep 26, 8:00 PM ET
Accepted
Sep 27, 4:30 PM ET
Size
19.3 KB
Accession
0001104659-24-103736
Insider Transaction Report
Form 4
ARES MANAGEMENT LLC
10% Owner
Transactions
- Sale
Series A Preferred Stock
2024-09-25$1076.40/sh−125,000$134,550,000→ 0 total(indirect: See footnotes)Exercise: $16.00→ Common Stock (7,812,500 underlying)
Ares Holdco LLC
10% Owner
Transactions
- Sale
Series A Preferred Stock
2024-09-25$1076.40/sh−125,000$134,550,000→ 0 total(indirect: See footnotes)Exercise: $16.00→ Common Stock (7,812,500 underlying)
Ares Partners Holdco LLC
10% Owner
Transactions
- Sale
Series A Preferred Stock
2024-09-25$1076.40/sh−125,000$134,550,000→ 0 total(indirect: See footnotes)Exercise: $16.00→ Common Stock (7,812,500 underlying)
Ares Voting LLC
10% Owner
Transactions
- Sale
Series A Preferred Stock
2024-09-25$1076.40/sh−125,000$134,550,000→ 0 total(indirect: See footnotes)Exercise: $16.00→ Common Stock (7,812,500 underlying)
ARES MANAGEMENT LP
10% Owner
Transactions
- Sale
Series A Preferred Stock
2024-09-25$1076.40/sh−125,000$134,550,000→ 0 total(indirect: See footnotes)Exercise: $16.00→ Common Stock (7,812,500 underlying)
Ares Management GP LLC
10% Owner
Transactions
- Sale
Series A Preferred Stock
2024-09-25$1076.40/sh−125,000$134,550,000→ 0 total(indirect: See footnotes)Exercise: $16.00→ Common Stock (7,812,500 underlying)
Ares Management Holdings LLC
10% Owner
Transactions
- Sale
Series A Preferred Stock
2024-09-25$1076.40/sh−125,000$134,550,000→ 0 total(indirect: See footnotes)Exercise: $16.00→ Common Stock (7,812,500 underlying)
Footnotes (4)
- [F1]Each share of Series A Preferred Stock is convertible at any time at the option of the holder into shares of Common Stock at an initial conversion price of $16.00 per share and at an initial conversion rate of 62.50 shares of Common Stock per share of Series A Preferred Stock. The Series A Preferred Stock has no expiration date.
- [F2]Includes 1,562,500 shares of Common Stock underlying 25,000 shares of Series A Preferred Stock previously held of record by Ares Capital Corporation ("Ares Capital") and 6,250,000 shares of Common Stock underlying 100,000 shares of Series A Preferred Stock previously held of record by ASOF Holdings I, L.P. ("ASOF Holdings I").
- [F3]Ares Partners Holdco LLC ("Ares Partners") is the sole member of each of Ares Voting LLC and Ares Management GP LLC, which are respectively the holders of the Class B and Class C common stock of Ares Management Corporation ("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 LLC, which is the general partner of Ares Management Holdings L.P., which is the sole member of Ares Management LLC, which is: (i) the sole member of ASOF Investment Management LLC, which is the manager of ASOF Holdings I; and (ii) the sole member of Ares Capital Management LLC, which is the investment advisor of Ares Capital. We refer to all of the foregoing entities collectively as the Ares Entities.
- [F4]Each of the Ares Entities may be deemed to share beneficial ownership of the securities reported herein, but each disclaims any such beneficial ownership of securities not held of record by them. 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. Each of these individuals disclaims beneficial ownership of the securities that may be deemed to be beneficially owned by Ares Partners.
Documents
Issuer
OUTFRONT Media Inc.
CIK 0001579877
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001176948
Filing Metadata
- Form type
- 4
- Filed
- Sep 26, 8:00 PM ET
- Accepted
- Sep 27, 4:30 PM ET
- Size
- 19.3 KB