RSS 2015 BUSINESS HOLDINGS LP 4
4 · CONSTELLATION BRANDS, INC. · Filed Nov 14, 2022
Insider Transaction Report
Form 4
Transactions
- Award
Class A Common Stock
2022-11-10+1,162,492→ 1,412,492 total - Disposition to Issuer
Class B (convertible) Common Stock
2022-11-10−1,162,492→ 0 total→ Class A Common Stock (1,162,492 underlying)
Footnotes (2)
- [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.
- [F2]This report is filed jointly by RSS 2015 Business Holdings LP ("RSS Holdings") and RSS 2015 Business Management LLC ("RSS Management"). The reported securities are owned directly by RSS Holdings. RSS Management is the co-general partner of, and owns a 0.02458% interest in, RSS Holdings.