LOCKE JAMES A III 4
4 · CONSTELLATION BRANDS, INC. · Filed Nov 14, 2022
Insider Transaction Report
Form 4
LOCKE JAMES A III
Director
Transactions
- Disposition to Issuer
Class B (convertible) Common Stock
2022-11-10−264→ 0 total(indirect: By Trust)→ Class A Common Stock (264 underlying) - Award
Class A Common Stock
2022-11-10+264→ 40,858 total(indirect: By Trust)
Footnotes (3)
- [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 James A Locke III.
- [F2]Held by the James A. Locke III Revocable Trust, of which the reporting person serves as trustee and is the sole beneficiary.
- [F3]Reflects a change in beneficial ownership of 510 shares of Class A Common Stock from direct to indirect. On July 19, 2022, the reporting person transferred 510 shares to the James A. Locke III Revocable Trust.