Form 4 for STZ Constellation Brands
Accepted 2022-11-14 00:00:00 ET · period of report 2022-11-10 · accession 0000899243-22-035637 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-11-14 | 2022-11-10 | STZ | SSR Business Holdings LP | Member of 10% owner group | A - Grant | — | +311.1K | 2.16M | +17% | — |
| D | 2022-11-14 | 2022-11-10 | STZ | SSR Business Holdings LP | Member of 10% owner group | D - Sale to Iss | — | -311.1K | 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 | 311,144 | — | 2,164,138 | D | — | — | (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 and Robert Sands. (F2) This report is filed jointly by SSR Business Holdings LP ("SSR Holdings") and SSR Business Management LLC ("SSR Management"). SSR Holdings directly holds 2,164,138 shares of Class A Common Stock and SSR Management 158 shares of Class A Common Stock. SSR Management is the co-general partner of, and owns a 0.016% interest in, SSR Holdings. |
| 2 | Derivative | Class B (convertible) Common Stock | 2022-11-10 | D | D | 311,144 | — | 0 | D | — · — to — | 311,144 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 and Robert Sands. (F2) This report is filed jointly by SSR Business Holdings LP ("SSR Holdings") and SSR Business Management LLC ("SSR Management"). SSR Holdings directly holds 2,164,138 shares of Class A Common Stock and SSR Management 158 shares of Class A Common Stock. SSR Management is the co-general partner of, and owns a 0.016% interest in, SSR Holdings. |