SEC Form 4 · accession 0001214659-16-014964
MOLSON COORS BEVERAGE CO · TAP-A
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Hunter
Officer — Pres & CEO · Director
Period of report
Nov 22, 2016
Accepted (ET)
Nov 25, 2016 · 6:30 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 22, 2016 | M | 10,794 | $45.79 | A | 80,785 | D | |
| Class B Common Stock | Nov 22, 2016 | F | 4,943 | $100.00 | D | 75,842 | D | |
| Class B Common Stock | Nov 22, 2016 | S | 5,851 | $100.00 | D | 69,991 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightF3,F5 | $45.97 | Nov 22, 2016 | M | 10,794 | D | — | May 18, 2017 | Class B Common Stock | 10,794 | 0 | D |
Explanation of responses
- F1The sale and exercise of the stock only stock appreciation rights (SOSARS) reported in this Form 4 was effected pursuant to Rule 10b5-1 Trading Plan previously adopted by the reporting person in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.
- F2Represents shares of Class B common stock withheld by the issuer to cover the exercise price and tax withholding obligations for the reporting person upon the exercise of the SOSARs previously granted to the reporting person.
- F3As adjusted to give effect to the 2-for-1 stock split that occurred on October 3, 2007.
- 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.