Form 4 for STZ Constellation Brands
Accepted 2022-11-14 00:00:00 ET · period of report 2022-11-10 · accession 0000899243-22-035636 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2022-11-14 | 2022-11-10 | STZ | RES Master LLC | Member of 10% owner group | A - Grant | — | +37.4K | 187.2K | +25% | — |
| DI | 2022-11-14 | 2022-11-10 | STZ | RES Master LLC | Member of 10% owner group | D - Sale to Iss | — | -37.4K | 0 | -100% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2022-11-10 | A | A | 37,350 | — | 187,226 | I By RES Master LLC | — | — | (F1) Pursuant to a reclassification exempt under Rule 16b-7 that was effected by Constellation Brands, Inc. on November 10, 2022, each share of Class B Common Stock ($0.01 par value) was reclassified and converted into one share of Class A Common Stock ($0.01 par value) and the right to receive a $64.64 cash payment. The conversion of the shares of Class B Common Stock into shares of Class A Common Stock pursuant to the reclassification is also exempt under Rule 16b-3 to the extent of the pecuniary interest in the shares of Richard Sands. (F2) This report is filed jointly by Richard Sands Master Trust and RES Master LLC ("RES Master"). The reported securities are owned directly by RES Master. RES Master is a limited liability company that is wholly-owned by the Richard Sands Master Trust. Richard Sands is the sole trustee and sole beneficiary of the Richard Sands Master Trust. |
| 2 | Derivative | Class B (convertible) Common Stock | 2022-11-10 | D | D | 37,350 | — | 0 | I By RES Master LLC | — · — to — | 37,350 Class A Common Stock | (F1) Pursuant to a reclassification exempt under Rule 16b-7 that was effected by Constellation Brands, Inc. on November 10, 2022, each share of Class B Common Stock ($0.01 par value) was reclassified and converted into one share of Class A Common Stock ($0.01 par value) and the right to receive a $64.64 cash payment. The conversion of the shares of Class B Common Stock into shares of Class A Common Stock pursuant to the reclassification is also exempt under Rule 16b-3 to the extent of the pecuniary interest in the shares of Richard Sands. (F2) This report is filed jointly by Richard Sands Master Trust and RES Master LLC ("RES Master"). The reported securities are owned directly by RES Master. RES Master is a limited liability company that is wholly-owned by the Richard Sands Master Trust. Richard Sands is the sole trustee and sole beneficiary of the Richard Sands Master Trust. |