SEC Form 4 · accession 0001225208-16-024602
CONSTELLATION BRANDS, INC. · STZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Eric Klein
Officer — Exec Vice Pres. & CFO
Period of report
Jan 19, 2016
Accepted (ET)
Jan 21, 2016 · 4:14 pm EST
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,F2 | Jan 19, 2016 | C | 20,000 | $0.00 | A | 50,420 | D | |
| Class A Common Stock | Jan 19, 2016 | M | 10,000 | $20.79 | A | 60,420 | D | |
| Class A Common StockF3 | Jan 19, 2016 | S | 30,000 | $145.4124 | D | 30,420 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class 1 (convertible) Common StockF4 | — | Jan 19, 2016 | M | 20,000 | A | — | — | Class A Common Stock | 20,000 | 20,000 | D |
| Class 1 (convertible) Common StockF4 | — | Jan 19, 2016 | C | 20,000 | D | — | — | Class A Common Stock | 20,000 | 0 | D |
| Non-Qualified Stock Option (right to buy)F5 | $22.27 | Jan 19, 2016 | M | 20,000 | D | — | Apr 18, 2017 | Class 1 Common Stock | 20,000 | 0 | D |
| Non-Qualified Stock Option (right to buy)F5 | $20.79 | Jan 19, 2016 | M | 10,000 | D | — | Apr 3, 2017 | Class A Common Stock | 10,000 | 0 | D |
Explanation of responses
- F1The 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.
- F2Includes shares of Class A Common Stock acquired in July 2015 under the Constellation Brands, Inc. 1989 Employee Stock Purchase Plan.
- F3Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $145.3000 to $145.5750, 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.
- F4Shares 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.
- F5100% of this option has become exercisable.