Robert Sands Master Trust - Apr 30, 2021 Form 3/A - Amendment Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Role
10%+ Owner
Signature
/s/ Thomas Farace, Authorized Person, Robert Sands Master Trust
Stock symbol
STZ
Transactions as of
Apr 30, 2021
Transactions value $
$0
Form type
3/A - Amendment
Date filed
5/10/2021, 07:38 PM
Date Of Original Report
May 10, 2021
Next filing
Dec 2, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding STZ Class A Common Stock 549K Apr 30, 2021 by RSS Master LLC F1
holding STZ Class A Common Stock 5.48M Apr 30, 2021 by RRAZ Holdings LLC F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding STZ Class 1 (convertible) Common Stock Apr 30, 2021 Class A Common Stock 593K by RSS Master LLC F1, F3
holding STZ Class B (convertible) Common Stock Apr 30, 2021 Class A Common Stock 22.7M by RRAZ Holdings LLC F2, F4
holding STZ Non-Qualified Stock Option (right to buy) Apr 30, 2021 Class 1 (convertible) Common Stock 131K $153.02 by RSS Master LLC F1, F5
holding STZ Non-Qualified Stock Option (right to buy) Apr 30, 2021 Class 1 (convertible) Common Stock 115K $47.79 by RSS Master LLC F1, F6
holding STZ Non-Qualified Stock Option (right to buy) Apr 30, 2021 Class 1 (convertible) Common Stock 45.5K $228.26 by RSS Master LLC F1, F5
holding STZ Non-Qualified Stock Option (right to buy) Apr 30, 2021 Class 1 (convertible) Common Stock 57.8K $172.09 by RSS Master LLC F1, F6
holding STZ Non-Qualified Stock Option (right to buy) Apr 30, 2021 Class 1 (convertible) Common Stock 212K $24.50 by RSS Master LLC F1, F6
holding STZ Non-Qualified Stock Option (right to buy) Apr 30, 2021 Class 1 (convertible) Common Stock 72K $79.61 by RSS Master LLC F1, F6
holding STZ Non-Qualified Stock Option (right to buy) Apr 30, 2021 Class 1 (convertible) Common Stock 66.9K $238.31 by RSS Master LLC F1, F5
holding STZ Non-Qualified Stock Option (right to buy) Apr 30, 2021 Class 1 (convertible) Common Stock 64.5K $117.12 by RSS Master LLC F1, F6
holding STZ Non-Qualified Stock Option (right to buy) Apr 30, 2021 Class 1 (convertible) Common Stock 86K $207.48 by RSS Master LLC F1, F5
holding STZ Non-Qualified Stock Option (right to buy) Apr 30, 2021 Class 1 (convertible) Common Stock 54.2K $156.84 by RSS Master LLC F1, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 RSS Master LLC is the direct owner of these securities. RSS Master LLC is a limited liability company that is wholly-owned by the Robert Sands Master Trust.
F2 The reported shares are also indirectly owned by RSS Master LLC. Various Sands family limited partnerships directly own the reported shares of Class A Common Stock. WildStar Partners LLC ("WildStar") holds a .045% co-general partner interest in those family limitedpartnerships. RRA&Z Holdings LLC ("RRA&Z") is the sole member of WildStar, and RSS Master LLC is a member of RRA&Z. RSS Master LLC is a sole member limited liability company of which the Robert SandsMaster Trust is the sole owner.
F3 Shares of Class 1 Common Stock are convertible to shares of Class A Common Stock of the Issuer on a one-to-one basis in connection with the holders' sale of the shares of Class A Common Stock received upon the conversion. Class 1 Common Stock is not traded on any stock exchange.
F4 Shares of Class B Common Stock are convertible into shares of Class A Common Stock of the Issuer on a one-to-one basis at any time at the option of the holder. The ticker symbol for Class B Common Stock is STZ.B.
F5 This option becomes exercisable at the rate of 25% per year beginning on the date specified.
F6 100% of this option has become exercisable.

Remarks:

The Form 3 that was filed was intended to be filed jointly by Robert Sands Master Trust and RSS Master LLC. This Amendment is being filed solely to include RSS Master LLC as a reporting person.