SEC Form 4 · accession 0001225208-16-031178
CONSTELLATION BRANDS, INC. · STZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Sands
Officer — President & CEO · Director · 10% Owner
Period of report
Apr 4, 2016
Accepted (ET)
Apr 6, 2016 · 4:39 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 Stock | Dec 17, 2015 | G | 314,880 | $0.00 | D | 420,452 | D | |
| Class A Common StockF1,F2 | holding | — | — | — | 80,928 | I | by LES Holdings LLC | |
| Class A Common StockF1,F3 | holding | — | — | — | 73,800 | I | by MES Holdings LLC | |
| Class A Common StockF4,F5 | holding | — | — | — | 768 | I | by MLR&R | |
| Class A Common StockF1 | holding | — | — | — | 1,769 | I | By Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Share UnitsF7,F6,F8 | — | Apr 4, 2016 | A | 43,900 | A | — | — | Class A Common Stock | 43,900 | 43,900 | D |
Explanation of responses
- F1The 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.
- F2LES Holdings LLC is a limited liability company of which the reporting person is the general manager.
- F3MES Holdings LLC is a limited liability company of which the reporting person is the general manager.
- F4Except 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.
- F5M,L,R&R is a general partnership of which the reporting person is a general partner and in which he has a pecuniary interest.
- F6Each performance share unit represents a contingent right to receive one share of Constellation Brands, Inc. Class A Common Stock.
- F7Represents the date that the performance criteria with respect to the performance share units was satisfied.
- F8The performance share units vest on May 1, 2016 if the reporting person remains an employee through such date. Vested shares will be delivered to the reporting person on the vesting date net of shares withheld to satisfy taxes.