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CONSTELLATION BRANDS, INC. Director's Dealing 2014

May 5, 2014

30189_dirs_2014-05-05_31197a23-0ca3-457b-a5ef-bb224e3960a8.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSTELLATION BRANDS, INC. (STZ)
CIK: 0000016918
Period of Report: 2014-05-01

Reporting Person: SANDS ROBERT (Director, President & CEO, 10% Owner)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2014-05-01 Class A Common Stock M 112540.0000 Acquired 737702.0000 Direct
2014-05-01 Class A Common Stock M 17611.0000 Acquired 755313.0000 Direct
2014-05-01 Class A Common Stock F 67120.0000 $81.2600 Disposed 688193.0000 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2014-05-01 Performance Share Units $ M 112540.0000 Disposed Class A Common Stock (112540.0000) Direct
2014-05-01 Restricted Stock Units $ M 12123.0000 Disposed Class A Common Stock (12123.0000) Direct
2014-05-01 Restricted Stock Units $ M 5488.0000 Disposed Class A Common Stock (5488.0000) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Class A Common Stock 471608.0000 Indirect
Class A Common Stock 1447812.0000 Indirect
Class A Common Stock 80928.0000 Indirect
Class A Common Stock 73800.0000 Indirect
Class A Common Stock 768.0000 Indirect

Footnotes

F1: Each performance share unit represents a contingent right to receive one share of Constellation Brands, Inc. Class A Common Stock.

F2: Each restricted stock unit represents a contingent right to receive one share of Constellation Brands, Inc. Class A Common Stock.

F3: Except to the extent that the reporting person has a direct or indirect pecuniary interest in securities owned by the applicable trust, partnership or limited liability company, the reporting person disclaims beneficial ownership with respect to securities held in this manner. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for the purposes of Section 16 or any other purpose.

F4: CWC Partnership I is a general partnership of which the reporting person is a managing partner and in which he has a pecuniary interest.

F5: CWC Partnership II is a general partnership of which the reporting person is a trustee of the managing partner and in which he has a pecuniary interest.

F6: The reporting person disclaims beneficial ownership with respect to securities held in this manner, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for the purposes of Section 16 or any other purpose.

F7: LES Holdings LLC is a limited liability company of which the reporting person is the general manager.

F8: MES Holdings LLC is a limited liability company of which the reporting person is the general manager.

F9: M, L, R & R ("MLR&R") is a general partnership of which the reporting person is a general partner and in which he has a pecuniary interest. The reporting person is a beneficiary and trustee of The Marvin Sands Master Trust, which is also a partner in MLR&R.

F10: The performance share units disposed of in the reported transaction vested on May 1, 2014. Vested shares were delivered to the reporting person on the vesting date net of shares withheld to satisfy taxes.

F11: The restricted stock units disposed of in the reported transaction vested on May 1, 2014. Vested shares are delivered to the reporting person net of shares withheld to satisfy taxes.