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 OF

SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or

Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person *

2. Issuer Name and Ticker or Trading Symbol

5. Relationship of Reporting Person(s) to Issuer

(Check all applicable)

ROWAN MARC J

Apollo Global Management, Inc. [ APO ]

(Last)

(First)

(Middle)

3. Date of Earliest Transaction (MM/DD/YYYY)

__X__ Director

__X__ 10% Owner

__X__ Officer (give title below) _____ Other (specify below)

C/O APOLLO GLOBAL

1/31/2020

Senior Managing Director

MANAGEMENT, INC., 9 WEST 57TH

STREET, 43RD FLOOR

(Street)

4. If Amendment, Date Original Filed (MM/DD/YYYY)

6. Individual or Joint/Group Filing (Check Applicable Line)

NEW YORK, NY 10019

_X _ Form filed by One Reporting Person

(City)

(State)

(Zip)

___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security

2. Trans. Date

2A. Deemed

3. Trans. Code

4. Securities Acquired (A) or

5. Amount of Securities Beneficially Owned

6.

7. Nature of

(Instr. 3)

Execution

(Instr. 8)

Disposed of (D)

Following Reported Transaction(s)

Ownership

Indirect

Date, if any

(Instr. 3, 4 and 5)

(Instr. 3 and 4)

Form:

Beneficial

Direct (D)

Ownership

or Indirect

(Instr. 4)

(A) or

(I) (Instr.

Code

V

Amount

(D)

Price

4)

Class A Common Stock

1/31/2020

M

5000000

A

(1)

5000000

I

See

Footnote (2)

Class A Common Stock

2/3/2020

S

106271

D

$46.5968

(3)

4893729

I

See

Footnote (4)

Class A Common Stock

2/3/2020

S

34705

D

$47.3219

(5)

4859024

I

See

Footnote (4)

Class A Common Stock

2/4/2020

S

165941

D

$47.3647

(6)

4693083

I

See

Footnote (4)

Class A Common Stock

2/4/2020

S

8300

D

$47.9498

(7)

4684783

I

See

Footnote (4)

Class A Common Stock

4550853

I

See

Footnote (8)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of

2.

3. Trans.

3A. Deemed

4. Trans.

5. Number of

6. Date Exercisable and

7. Title and Amount of

8. Price of

9. Number of

10.

11. Nature of

Derivate Security

Conversion

Date

Execution

Code

Derivative Securities

Expiration Date

Securities Underlying

Derivative

derivative

Ownership

Indirect

(Instr. 3)

or Exercise

Date, if any

(Instr. 8)

Acquired (A) or

Derivative Security

Security

Securities

Form of

Beneficial

Price of

Disposed of (D)

(Instr. 3 and 4)

(Instr. 5)

Beneficially

Derivative

Ownership

Derivative

(Instr. 3, 4 and 5)

Owned

Security:

(Instr. 4)

Security

Following

Direct (D)

Amount or

Date

Expiration

Reported

or Indirect

Code

V

(A)

(D)

Exercisable

Date

Title

Number of

Transaction(s)

(I) (Instr.

Shares

(Instr. 4)

4)

Apollo Operating

(1)

(9)

(9)

Class A

(10)

See

1/31/2020

M

5000000

Common

5000000

0

I

Group units

Footnote (2)

Stock

Apollo Operating

(1)

(9)

(9)

Class A

(1)

See

Common

32481402

I

Group units

Footnote (11)

Stock

Explanation of Responses:

  1. Each Apollo Operating Group ("AOG") unit represents a right to receive one share of Class A common stock of Apollo Global Management, Inc. (the "Issuer"), subject to the restrictions and provisions set forth in the Agreement Among Principals, dated July 13, 2007, by and among the reporting person, Leon Black, Joshua Harris, AP Professional Holdings, L.P., BRH Holdings L.P. and the other parties thereto (the "Agreement Among Principals"), and the Sixth Amended and Restated Exchange Agreement, dated September 5, 2019, by and among the Issuer and the other parties thereto (the "Sixth A&R Exchange Agreement").
  2. By MJR Foundation LLC, an estate planning vehicle for which voting and investment control are exercised by the reporting person.
  3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.01 to $47.00, inclusive. Mr. Rowan 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 ranges set forth in footnote (3), (5), (6) and (7) to this Form 4.
  4. By RWN Management, LLC, an entity directly wholly owned by the reporting person, which holds the shares of Class A common stock of the Issuer. RWN

Management, LLC received such shares pursuant to an in-kind pro rata distribution without a change in pecuniary interest from MJR Foundation LLC prior to the sale reported herein.

  1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.01 to $47.92, inclusive.
  2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.90 to $47.885, inclusive.
  3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.90 to $48.045, inclusive.
  4. By MJR Foundation Holdings LLC, an entity directly and indirectly wholly owned by the reporting person, which holds the shares of Class A common stock of the Issuer for the benefit of the reporting person and an entity indirectly wholly owned by the reporting person.
  5. The AOG units were fully vested as of December 31, 2011 and do not expire.
  6. Pursuant to Instruction 4(c)(iii), this response has been left blank.
  7. By AP Professional Holdings, L.P., an entity for which BRH Holdings, L.P. is a limited partner. The reporting person is an indirect limited partner in BRH Holdings, L.P., which holds approximately 90.5% of the limited partnership interests in AP Professional Holdings, L.P., the direct holder of the AOG units. The AOG units indirectly held by the reporting person are the number of AOG units that he has a right to receive as an indirect limited partner in BRH Holdings, L.P., subject to the restrictions and provisions set forth in the Agreement Among Principals and the Sixth A&R Exchange Agreement.

Reporting Owners

Reporting Owner Name / Address

Relationships

Director

10% OwnerOfficer

Other

ROWAN MARC J

C/O APOLLO GLOBAL MANAGEMENT, INC.

X

X Senior Managing Director

9 WEST 57TH STREET, 43RD FLOOR

NEW YORK, NY 10019

Signatures

/s/ Marc J. Rowan

2/4/2020

**Signature of Reporting Person

Date

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 control number.

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Apollo Global Management LLC published this content on 04 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 February 2020 02:03:04 UTC