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CONSTELLATION BRANDS, INC. — Director's Dealing 2022
Jul 19, 2022
30189_dirs_2022-07-19_da9b28e3-515d-4039-8a0f-d0a45ad21a44.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: 2022-07-15
Reporting Person: Richard Sands Master Trust (10% Owner)
Reporting Person: RES Master LLC (10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-07-15 | Class A Common Stock | C | 952282 | — | Acquired | 1102158 | Indirect |
| 2022-07-15 | Class A Common Stock | S | 952282 | $242.81 | Disposed | 149876 | Indirect |
| 2022-07-15 | Class A Common Stock | S | 183332 | $242.81 | Disposed | 5300510 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-07-15 | Class 1 (convertible) Common Stock | $ | C | 952282 | Disposed | Class A Common Stock (952282) | Direct |
Footnotes
F1: The reported shares of Class A Common Stock were received upon the conversion of shares of Class 1 Common Stock on a one-to-one basis.
F2: RES Master LLC ("RES Master") is the direct owner of these securities. RES Master is a limited liability company that is wholly-owned by the Richard Sands Master Trust.
F3: On July 15, 2022, MAS Business Holdings LP ("MAS") entered into a private transaction to sell 183,332 shares of Class A Common Stock.
F4: The reported shares are also indirectly owned by RES Master. Various Sands family limited partnerships, including MAS, directly own the reported shares of Class A Common Stock and Class B Common Stock. WildStar Partners LLC ("WildStar") holds a .045% co-general partner interest in those family limited partnerships. RRA&Z Holdings LLC ("RRA&Z") is the sole member of WildStar, and RES Master is a member of RRA&Z.
F5: Shares of Class 1 Common Stock are convertible into shares of Class A Common Stock of the Issuer on a one-to-one basis. In accordance with the certificate of incorporation of Constellation Brands, any shares of Class A Common Stock issued upon conversion of shares of Class 1 Common Stock must be sold immediately in connection with the conversion. Class 1 Common Stock is not traded on any stock exchange.