SEC Form 4 · accession 0001225208-17-009097
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
May 1, 2017
Accepted (ET)
May 3, 2017 · 5:59 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 | May 1, 2017 | M | 27,180 | $0.00 | A | 593,962 | D | |
| Class A Common StockF2 | May 1, 2017 | M | 13,063 | $0.00 | A | 607,025 | D | |
| Class A Common Stock | May 1, 2017 | F | 20,728 | $172.07 | D | 586,297 | D | |
| Class A Common StockF3 | holding | — | — | — | 19,329 | I | by Pamela K. Sands 2016 Descendants' Trust | |
| Class A Common StockF4,F5 | holding | — | — | — | 5,750,092 | I | by RRA&Z Holdings LLC | |
| Class A Common StockF6 | 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 UnitsF1,F7 | — | May 1, 2017 | M | 27,180 | D | — | — | Class A Common Stock | 27,180 | 0 | D |
| Restricted Stock UnitsF2,F8 | — | May 1, 2017 | M | 5,487 | D | May 1, 2014 | — | Class A Common Stock | 5,487 | 0 | D |
| Restricted Stock UnitsF2,F8 | — | May 1, 2017 | M | 3,397 | D | May 1, 2015 | — | Class A Common Stock | 3,397 | 3,397 | D |
| Restricted Stock UnitsF2,F8 | — | May 1, 2017 | M | 2,368 | D | May 1, 2016 | — | Class A Common Stock | 2,368 | 4,734 | D |
| Restricted Stock UnitsF2,F8 | — | May 1, 2017 | M | 1,811 | D | May 1, 2017 | — | Class A Common Stock | 1,811 | 5,432 | D |
Explanation of responses
- F1Each performance share unit represents a contingent right to receive one share of Constellation Brands, Inc. Class A Common Stock.
- F2Each restricted stock unit represents a contingent right to receive one share of Constellation Brands, Inc. Class A Common Stock.
- F3These shares are held in a trust for the benefit of the reporting person's stepchildren. The reporting person's spouse is the trustee of this trust. The 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.
- 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.
- F5RRA&Z Holdings LLC ("RRA&Z") is the sole member of WildStar Partners LLC ("WildStar"). WildStar holds a 0.045% co-general partner interest in the following affiliated Sands Family limited partnerships: RES Business Holdings LP; SER Business Holdings LP; RSS Business Holdings LP; SSR Business Holdings LP; A&Z 2015 Business Holdings LP; RCT 2015 Business Holdings LP; RHT 2015 Business Holdings LP; RSS 2015 Business Holdings LP and MAS Business Holdings LP. The reporting person is a member and co-manager of RRA&Z.
- F6The 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.
- F7The performance share units disposed of in the reported transaction vested on May 1, 2017. Vested shares are delivered to the reporting person net of shares withheld to satisfy taxes.
- F8The restricted stock units disposed of in the reported transaction vested on May 1, 2017. Vested shares are delivered to the reporting person net of shares withheld to satisfy taxes.