SEC Form 4 · accession 0001214659-16-014948
MOLSON COORS BEVERAGE CO · TAP-A
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gavin Hattersley
Officer — Pres&CEO, MillerCoors LLC
Period of report
Nov 21, 2016
Accepted (ET)
Nov 23, 2016 · 5:35 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 StockF1 | Nov 21, 2016 | A | 6,134 | $0.00 | A | 33,798 | 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,F2 | $84.14 | Nov 21, 2016 | A | 18,460 | A | — | Feb 12, 2026 | Class B Common Stock | 18,460 | 18,460 | D |
Explanation of responses
- F1Represents restricted stock units (RSUs) received in exchange for 6,134 RSUs of MillerCoors LLC (MillerCoors) in connection with the acquisition of MillerCoors by Molson Coors Brewing Company (MCBC). The RSUs will vest in full on January 1, 2019.
- F2The stock options vest and become exercisable in three equal annual installments beginning on February 12, 2017.
- F3In connection with the acquisition of MillerCoors by MCBC, the reporting person received a stock option to purchase shares of Class B common stock of MCBC in exchange for a stock option to purchase shares of MillerCoors common stock.