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Filing Details

Accession Number:: 0001104659-14-071574
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2014-10-14 14:44:23
Reporting Period:: 2014-10-09

Filing Date:: 2014-10-14
Accepted Time:: 2014-10-14 14:44:23
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1216596	Nortek Inc	NTK	Electric Housewares & Fans (3634)	050314991

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1176948	Ares Management Lp	2000 Avenue Of The Stars 12Th Floor Los Angeles CA 90067	No	No	Yes	No
1259313	Ares Management Llc	2000 Avenue Of The Stars 12Th Floor Los Angeles CA 90067	No	No	Yes	No
1371903	Ares Corporate Opportunities Fund Ii, L.p.	2000 Avenue Of The Stars 12Th Floor Los Angeles CA 90067	No	No	Yes	No
1371907	Acof Operating Manager Ii, L.p.	2000 Avenue Of The Stars 12Th Floor Los Angeles CA 90067	No	No	Yes	No
1428903	Ares Corporate Opportunities Fund Iii Lp	2000 Avenue Of The Stars 12Th Floor Los Angeles CA 90067	No	No	Yes	No
1462608	Acof Operating Manager Iii Llc	2000 Avenue Of The Stars 12Th Floor Los Angeles CA 90067	No	No	Yes	No
1536937	L.p. Holdings Management Ares	2000 Avenue Of The Stars 12Th Floor Los Angeles CA 90067	No	No	Yes	No
1620263	Ares Partners Holdco Llc	2000 Avenue Of The Stars 12Th Floor Los Angeles CA 90067	No	No	Yes	No
1620264	Ares Management Gp Llc	2000 Avenue Of The Stars 12Th Floor Los Angeles CA 90067	No	No	Yes	No
1620317	Ares Holdings Inc.	2000 Avenue Of The Stars 12Th Floor Los Angeles CA 90067	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2014-10-09	55,562	$52.80	6,266,897	No	4	X	Indirect	See footnotes
Common Stock	Disposition	2014-10-09	38,779	$75.65	6,228,118	No	4	S	Indirect	See footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	X	Indirect	See footnotes
No	4	S	Indirect	See footnotes

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Warrants to Purchase Common Stock	Disposition	2014-10-09	55,562	$0.00	55,562	$52.80

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2009-12-17	2014-12-17	No	4	X	Indirect

Footnotes

The amount reported reflects 2,976,500 shares owned of record by Ares Corporate Opportunities Fund II, L.P. ("ACOF II") and 3,280,320 shares owned of record by Ares Corporate Opportunities Fund III, L.P. ("ACOF III"). The amount reported also includes 4,625 shares held by Bennett Rosenthal, 4,625 shares held by Daniel C. Lukas and 827 shares held by James B. Hirshorn, which represent shares granted to Messrs. Rosenthal, Lukas and Hirshorn in their respective capacities as directors of the Issuer. Messrs. Rosenthal, Lukas and Hirshorn are associated with Ares Management LLC ("Ares Management LLC") and certain of the other Ares Entities (as defined below). Pursuant to the policies of the Ares Entities, each of Messrs. Rosenthal, Lukas and Hirshorn hold these securities as a nominee on behalf of, and for the sole benefit of, the Ares Entities and has assigned to Ares Management LLC all economic, pecuniary and voting rights in respect of such securities.
The manager of ACOF II is ACOF Operating Manager II, L.P. ("ACOF Operating II") and the general partner of ACOF Operating II is Ares Management, Inc. ("Ares Inc."). Ares Inc. is owned by Ares Management LLC. The manager of ACOF III is ACOF Operating Manager III, LLC ("ACOF Operating III") and the sole member of ACOF Operating III is Ares Management LLC. The sole member of Ares Management LLC is Ares Management Holdings L.P. ("Ares Management Holdings") and the general partner of Ares Management Holdings is Ares Holdings Inc. ("Ares Holdings"), whose sole stockholder is Ares Management, L.P. ("Ares Management"). (Continued in footnote 3)
The general partner of Ares Management is Ares Management GP LLC ("Ares Management GP") and the sole member of Ares Management GP is Ares Partners Holdco LLC ("Ares Partners," and together with ACOF II, ACOF III, ACOF Operating II, ACOF Operating III, Ares Management LLC, Ares Management Holdings, Ares Holdings, Ares Management, and Ares Management GP, the "Ares Entities"). Ares Partners is managed by a board of managers, which is comprised of Michael Arougheti, David Kaplan, John Kissick, Antony Ressler and Mr. Rosenthal. (Continued to footnote 4)
Decisions by Ares Partners' board of managers generally are made by a majority of the members, which majority, subject to certain conditions, must include Antony Ressler. Each of the Ares Entities (other than ACOF II and ACOF III, with respect to the shares held directly by it) and the members of the Ares Partners' board of managers and the other directors, officers, partners, stockholders, members and managers of the Ares Entities disclaims beneficial ownership of these securities, 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. The address of each Ares Entity is 2000 Avenue of the Stars, 12th Floor, Los Angeles, CA 90067.
On October 9, 2014, ACOF II exercised a warrant to purchase 55,562 shares of common stock for $52.80 per share. ACOF II paid the exercise price on a cashless basis, resulting in the issuer withholding 38,779 of the warrant shares and issuing to ACOF II the remaining 16,783 shares of common stock.
Reflects the average of the closing price of the issuer's common stock for the 20 business days ending on the date immediately preceding the exercise of the warrant in accordance with the net exercise provisions of the warrant.