SEC Form 4 · accession 0001214659-15-007751
MOLSON COORS BEVERAGE CO · TAP-A
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stewart Glendinning
Officer — Pres&CEO, Molson Coors Canada
Period of report
Nov 11, 2015
Accepted (ET)
Nov 13, 2015 · 6:00 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000024545
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class B Common Stock | Nov 11, 2015 | M | 9,500 | $34.57 | A | 128,383 | D | |
| Class B Common Stock | Nov 11, 2015 | M | 10,794 | $45.79 | A | 139,177 | D | |
| Class B Common Stock | Nov 11, 2015 | F | 5,492 | $90.00 | D | 133,685 | D | |
| Class B Common StockF2 | Nov 11, 2015 | S | 9,500 | $88.6878 | D | 124,185 | D | |
| Class B Common Stock | Nov 11, 15 | S | 5,302 | $90.00 | D | 118,883 | D | |
| Class B Common Stock | Nov 11, 2015 | S | 416 | $93.00 | D | 118,467 | D | |
| Class B Common Stock | Nov 12, 2015 | S | 2,965 | $93.00 | D | 115,502 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F3 | $34.57 | Nov 11, 2015 | M | 9,500 | D | — | Mar 16, 2016 | Class B Common Stock | 9,500 | 0 | D |
| Stock Appreciation RightF5 | $45.79 | Nov 11, 2015 | M | 10,794 | D | — | May 18, 2017 | Class B Common Stock | 10,794 | 0 | D |
Explanation of responses
- F1Represents 5,492 shares of Class B common stock withheld by the issuer to cover the exercise price of the 10,794 stock only stock appreciation rights (SOSARS).
- F2The price reported represents the weighted average sales price of Class B common stock sold in multiple transactions at prices ranging from $88.68 to $88.69, inclusive. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
- F3The options were granted on March 16, 2006 and vested in equal annual installments over a three year period.
- F4The exercise of the SOSARS results in the expiration of the tandem employee stock options.
- F5The SOSARS vested in full on the third anniversary of the grant date.