Ares Partners Holdco Form 4 Change in insider ownership

SEC Form 4

FORM 4

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Ares Corporate Opportunities Fund IV, L.P.

(Last)

(First)

(Middle)

2000 AVENUE OF THE STARS, 12TH FLOOR

(Street)

LOS ANGELES

90067

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
AZEK Co Inc. [ AZEK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/15/2023

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	02/15/2023	02/15/2023	S		4,770,000	D	$26.061	14,326,090⁽¹⁾⁽²⁾⁽³⁾⁽⁴⁾	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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

1. Name and Address of Reporting Person^*

Ares Corporate Opportunities Fund IV, L.P.

(Last)

(First)

(Middle)

2000 AVENUE OF THE STARS, 12TH FLOOR

(Street)

LOS ANGELES

90067

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

ACOF Operating Manager IV, LLC

(Last)

(First)

(Middle)

2000 AVENUE OF THE STARS, 12TH FLOOR

(Street)

LOS ANGELES

90067

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

ARES MANAGEMENT LLC

(Last)

(First)

(Middle)

2000 AVENUE OF THE STARS, 12TH FLOOR

(Street)

LOS ANGELES

90067

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Ares Management Holdings L.P.

(Last)

(First)

(Middle)

2000 AVENUE OF THE STARS, 12TH FLOOR

(Street)

LOS ANGELES

90067

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Ares Holdco LLC

(Last)

(First)

(Middle)

2000 AVENUE OF THE STARS, 12TH FLOOR

(Street)

LOS ANGELES

90067

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Ares Management Corp

(Last)

(First)

(Middle)

2000 AVENUE OF THE STARS, 12TH FLOOR

(Street)

LOS ANGELES

90067

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Ares Voting LLC

(Last)

(First)

(Middle)

2000 AVENUE OF THE STARS, 12TH FLOOR

(Street)

LOS ANGELES

90067

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Ares Management GP LLC

(Last)

(First)

(Middle)

2000 AVENUE OF THE STARS, 12TH FLOOR

(Street)

LOS ANGELES

90067

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Ares Partners Holdco LLC

(Last)

(First)

(Middle)

2000 AVENUE OF THE STARS, 12TH FLOOR

(Street)

LOS ANGELES

90067

(City)

(State)

(Zip)

Explanation of Responses:

1. This statement is being filed by (i) Ares Corporate Opportunities Fund IV, L.P. ("ACOF IV"), (ii) ACOF Operating Manager IV, LLC ("ACOF Operating Manager IV"), (iii) Ares Management LLC, (iv) Ares Management Holdings L.P. ("Ares Management Holdings"), (v) Ares Holdco LLC ("Ares Holdco"), (vi) Ares Management Corporation ("Ares Management"), (vii) Ares Voting LLC ("Ares Voting"), (viii) Ares Management GP LLC ("Ares Management GP") and (ix) Ares Partners Holdco LLC ("Ares Partners") (collectively, the "Reporting Persons").

2. Ares Partners in 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 the sole member of ACOF Operating Manager IV, LLC, which is the manager of ACOF IV.

3. Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp de Veer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the "Board Members"). Mr. Ressler generally has veto authority over Board Members' decisions.

4. Each of the Reporting Persons, other than ACOF IV, and the Board Members, and the other directors, officers, partners, equity holders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Class A Common Stock, except to the extent of any pecuniary interest therein, and this Form 4 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.

Remarks:

ACOF IV has the right to nominate directors for election to the board of directors of the Issuer pursuant to a stockholders agreement, dated June 11, 2020, by and among the Issuer, ACOF IV and the Ontario Teachers' Pension Plan Board ("OTPP"). ACOF IV has nominated two directors to the Issuer's board of directors, one of whom is jointly appointed by ACOF IV and OTPP. Accordingly, ACOF IV and its affiliates listed hereon may be deemed to be a director by deputization.

	ARES CORPORATE OPPORTUNITIES FUND IV, L.P., By: ACOF OPERATING MANAGER IV, LLC Its: Manager /s/ Chris Kerezsi By: Chris Kerezsi Its: Authorized Signatory	02/16/2023
	ACOF OPERATING MANAGER IV, LLC, /s/ Chris Kerezsi, By: Chris Kerezsi Its: Authorized Signatory	02/16/2023
	ARES MANAGEMENT LLC, /s/ Anton Feingold, By: Anton Feingold Its: Authorized Signatory	02/16/2023
	ARES MANAGEMENT HOLDINGS L.P. /s/ Anton Feingold, By: ARES HOLDCO LLC Its: General Partner By: Anton Feingold Its: Authorized Signatory	02/16/2023
	ARES HOLDCO LLC, /s/ Anton Feingold, By: Anton Feingold Its: Authorized Signatory	02/16/2023
	ARES MANAGEMENT CORPORATION, /s/ Anton Feingold, By: Anton Feingold Its: Authorized Signatory	02/16/2023
	ARES VOTING LLC, /s/ Anton Feingold, By: ARES PARTNERS HOLDCO LLC Its: Sole Member By: Anton Feingold Its: Authorized Signatory	02/16/2023
	ARES MANAGEMENT GP LLC, /s/ Anton Feingold, By: Anton Feingold Its: Authorized Signatory	02/16/2023
	ARES PARTNERS HOLDCO LLC, /s/ Anton Feingold, By: Anton Feingold Its: Authorized Signatory	02/16/2023
	** 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 Number.

Ares Partners Holdco Form 4Change in insider ownership