SEC Form 4 · accession 0001225208-15-019858
CONSTELLATION BRANDS, INC. · STZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Zachary M Stern
10% Owner
Period of report
Oct 21, 2015
Accepted (ET)
Oct 23, 2015 · 5:07 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000016918
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Oct 22, 2015 | S | 105,492 | $137.0452 | D | 1,000 | D | |
| Class A Common StockF2,F3,F4 | Oct 21, 2015 | J | 768 | $0.00 | A | 768 | I | by MLR&R |
| Class A Common StockF5 | holding | — | — | — | 1,919,420 | I | by A&Z 2015 Business Holdings LP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class B (convertible) Common StockF2,F3,F4,F6 | — | Oct 21, 2015 | J | 667,368 | A | — | — | Class A Common Stock | 667,368 | 667,368 | I |
| Class B (convertible) Common StockF3,F5,F6 | — | holding | — | — | — | — | — | Class A Common Stock | 7,345,344 | 7,345,344 | I |
Explanation of responses
- F1Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $136.90 to $137.32, 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.
- F2On October 21, 2015, A&Z 2015 Business Holdings LP ("A&Z Holdings") distributed its general partner interests in M,L,R&R to limited partners including the reporting person. The reporting person has been a general partner of M,L,R&R prior to the distribution of these additional general partner interests and has previously reported the shares held by M,L,R&R.
- F3Except 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.
- F4M,L,R&R is a general partnership of which the reporting person is a general partner and in which he has a pecuniary interest.
- F5A&Z Holdings is a limited partnership and its general partner is A&Z 2015 Business Management LLC ("A&Z Management"). A&Z Management owns a .025% interest in A&Z Holdings. The reporting person indirectly holds limited partner interests in A&Z Holdings and is a member of A&Z Management.
- F6Shares of Class B Common Stock are convertible into shares of Class A Common Stock of the Issuer on a one-to-one basis at any time at the option of the holder. The ticker symbol for Class B Common Stock is STZ.B.