Form 4 for STZ Constellation Brands

Accepted 2022-11-14 00:00:00 ET · period of report 2022-11-10 · accession 0000899243-22-035639 · 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	SER Business Holdings LP	Member of 10% owner group	A - Grant	—	+681.0K	2.69M	+34%	—
D	2022-11-14	2022-11-10	STZ	SER Business Holdings LP	Member of 10% owner group	D - Sale to Iss	—	-681.0K	0	-100%	—

Purchase Sale Sale after option exercise All abbreviations

#	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	681,036	—	2,687,544	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.
2	Derivative	Class B (convertible) Common Stock	2022-11-10	D	D	681,036	—	0	D	— · — to —	681,036 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.