Statement of Changes in Beneficial Ownership (4)
24 July 2020 - 8:14AM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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SANDS RICHARD |
2. Issuer Name and Ticker or Trading Symbol
CONSTELLATION BRANDS, INC.
[
STZ
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Vice Chairman of the Board |
(Last)
(First)
(Middle)
C/O CONSTELLATION BRANDS, INC., 207 HIGH POINT DRIVE, BUILDING 100 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
7/21/2020 |
(Street)
VICTOR, NY 14564
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Class A Common Stock | 7/21/2020 | | C | | 151404 | A | (1) | 301280 | D | |
Class A Common Stock | 7/21/2020 | | S | | 114511 | D | $180.7317 (2) | 186769 | D | |
Class A Common Stock | 7/21/2020 | | S | | 19331 | D | $181.9818 (3) | 167438 | D | |
Class A Common Stock | 7/21/2020 | | S | | 10658 | D | $182.869 (4) | 156780 | D | |
Class A Common Stock | 7/21/2020 | | S | | 6904 | D | $183.5805 (5) | 149876 | D | |
Class A Common Stock | 7/22/2020 | | C | | 184489 | A | (1) | 334365 | D | |
Class A Common Stock | 7/22/2020 | | S | | 63821 | D | $180.3929 (6) | 270544 | D | |
Class A Common Stock | 7/22/2020 | | S | | 120668 | D | $179.5009 (7) | 149876 | D | |
Class A Common Stock | | | | | | | | 5483842 (8) | I | by RRAZ Holdings LLC (9) |
Class A Common Stock | | | | | | | | 15720 (10) | I | By Spouse |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Non-Qualified Stock Option (right to buy) | $20.6 | 7/21/2020 | | M | | | 151404 | 4/5/2012 (11) | 4/5/2021 | Class 1 (convertible) Common Stock | 151404.0 | $0 | 284376 | D | |
Class 1 (convertible) Common Stock | (12) | 7/21/2020 | | M | | 151404 | | (12) | (12) | Class A Common Stock | 151404.0 | $20.60 | 1098846 | D | |
Class 1 (convertible) Common Stock | (12) | 7/21/2020 | | C | | | 151404 | (12) | (12) | Class A Common Stock | 151404.0 | $0 | 947442 | D | |
Non-Qualified Stock Option (right to buy) | $20.6 | 7/22/2020 | | M | | | 184489 | 4/5/2012 (11) | 4/5/2021 | Class 1 (convertible) Common Stock | 184489.0 | $0 | 99887 | D | |
Class 1 (convertible) Common Stock | (12) | 7/22/2020 | | M | | 184489 | | (12) | (12) | Class A Common Stock | 184489.0 | $20.60 | 1131931 | D | |
Class 1 (convertible) Common Stock | (12) | 7/22/2020 | | C | | | 184489 | (12) | (12) | Class A Common Stock | 184489.0 | $0 | 947442 | D | |
Explanation of Responses: |
(1) | 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. |
(2) | Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $180.3100 to $181.3030, inclusive. Upon request by the Commission staff, the issuer, or a security holder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price. |
(3) | Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $181.3200 to $182.2300, inclusive. Upon request by the Commission staff, the issuer, or a security holder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price. |
(4) | Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $182.3570 to $183.3420, inclusive. Upon request by the Commission staff, the issuer, or a security holder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price. |
(5) | Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $183.3840 to $183.9700, inclusive. Upon request by the Commission staff, the issuer, or a security holder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price. |
(6) | Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $180.0000 to $181.0000, inclusive. Upon request by the Commission staff, the issuer, or a security holder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price. |
(7) | Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $179.0400 to $180.0000, inclusive. Upon request by the Commission staff, the issuer, or a security holder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price. |
(8) | 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. |
(9) | RRA&Z Holdings LLC ("RRA&Z") is the sole member of WildStar Partners LLC ("WildStar"). WildStar holds a 0.045% co-general partner interest in various Sands family limited partnerships. The reporting person is a member and co-manager of RRA&Z. |
(10) | 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. |
(11) | 100% of this option has become exercisable. |
(12) | Shares of Class 1 Common Stock are convertible to shares of Class A Common Stock of the Issuer on a one-to-one basis in connection with the holders' sale of the shares of Class A Common Stock received upon the conversion. Class 1 Common Stock is not traded on any stock exchange. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
SANDS RICHARD C/O CONSTELLATION BRANDS, INC. 207 HIGH POINT DRIVE, BUILDING 100 VICTOR, NY 14564 | X | X | Vice Chairman of the Board |
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Signatures
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/s/ H. Elaine Ziakas for Richard Sands | | 7/23/2020 |
**Signature of Reporting Person | Date |
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