SEC Form 4 · accession 0001214659-17-001305
MOLSON COORS BEVERAGE CO · TAP-A
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter H Coors
Officer — Chief Customer Relations Off · Director · 10% Owner · Other
Period of report
Feb 17, 2017
Accepted (ET)
Feb 22, 2017 · 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 StockF2 | Feb 17, 2017 | M | 77,520 | $57.76 | A | 350,333 | D | |
| Class B Common Stock | Feb 17, 2017 | F | 59,649 | $101.59 | D | 290,684 | D | |
| Class B Common Stock | holding | — | — | — | 13,536,806 | I | by Adolph Coors Company LLC | |
| Class B Common Stock | holding | — | — | — | 3,376 | I | by Marilyn E & Peter H Coors, Co-Trustees of Peter H. Coors 2013 Grantor Retained Annuity Trust XIII | |
| Class B Common Stock | holding | — | — | — | 5,795 | I | by Marilyn E & Peter H Coors as Co-Trustees of Peter H Coors 2013 Grantor Retained Annuity Trust XIV | |
| Class B Common Stock | holding | — | — | — | 85,081 | I | by Marilyn & Peter Coors, Co-Trustees of Peter H Coors 2013 Grantor Retained Annuity Trust XV | |
| Class B Common Stock | holding | — | — | — | 48,116 | I | by Marilyn E & Peter H Coors as Co-Trustees of Peter H Coors 2013 Grantor Retained Annuity Trust XVI | |
| Class B Common Stock | holding | — | — | — | 50,825 | I | by Marilyn E & Peter H Coors Co-Trustees of Peter H Coors 2014 Grantor Retained Annuity Trust XVII | |
| Class B Common Stock | holding | — | — | — | 56,507 | I | by Marilyn E & Peter H Coors as Co-Trustees of Peter H Coors 2014 Grantor Retained Annuity Trust XIX | |
| Class B Common Stock | holding | — | — | — | 18,748 | I | by Marilyn E & Peter H Coors, Co-Trustees of Peter H Coors 2015 Grantor Retained Annuity Trust XX | |
| Class B Common Stock | holding | — | — | — | 56,400 | I | by Marilyn E & Peter H Coors, Co-Trustees of Peter H Coors 2015 Grantor Retained Annuity Trust XXI | |
| Class B Common Stock | holding | — | — | — | 153,864 | I | by Marilyn E & Peter H Coors, Co-Trustees of Peter H Coors 2016 Grantor Retained Annuity Trust XXII | |
| Class B Common Stock | holding | — | — | — | 1,064 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightF5 | $57.76 | Feb 15, 2017 | M | 77,520 | D | — | May 15, 2018 | Class B Common Stock | 77,520 | 0 | D |
Explanation of responses
- F1The reporting person's SOSARs exercise 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.
- F2Updated to reflect 80,000 restricted stock units granted to the reporting person in July 2005, which were inadvertently excluded previously.
- F3Represents shares of Class B common stock withheld by the issuer to cover the exercise price of the stock only stock appreciation rights (SOSARS) and to cover tax withholding obligations in connection with the exercise of the SOSARS.
- 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.