James A. Sabia Jr. - 25 May 2021 Form 4 Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Role
EVP & Managing Director-Beer
Signature
/s/ Brian Bennett, Attorney-in-fact
Issuer symbol
STZ
Transactions as of
25 May 2021
Net transactions value
-$2,250,861
Form type
4
Filing time
27 May 2021, 16:16:28 UTC
Previous filing
21 Oct 2022
Next filing
07 Apr 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STZ Class A Common Stock Conversion of derivative security +12,120 +26% 58,044 25 May 2021 Direct F1
transaction STZ Class A Common Stock Sale $2,897,342 -12,120 -21% $239.05 45,924 25 May 2021 Direct F2
holding STZ Class A Common Stock 2,392 25 May 2021 by Family Trust F3

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
transaction STZ Non-Qualified Stock Option (right to buy) Options Exercise $0 -12,120 -100% $0.000000* 0 25 May 2021 Class 1 (convertible) Common Stock 12,120 $53.34 Direct F4
transaction STZ Class 1 (convertible) Common Stock Options Exercise $646,481 +12,120 $53.34* 12,120 25 May 2021 Class A Common Stock 12,120 Direct F5
transaction STZ Class 1 (convertible) Common Stock Conversion of derivative security $0 -12,120 -100% $0.000000* 0 25 May 2021 Class A Common Stock 12,120 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported shares of Class A Common Stock were received upon the conversion of shares of Class 1 Common Stock on a one-to-one basis.
F2 Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $239.0000 to $239.3500, inclusive. Upon request by the Commission staff, the issuer, or a security holder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price.
F3 Held by the James A., Jr. and Brooke M. Sabia Trust, of which the reporting person and his spouse are trustees and beneficiaries.
F4 100% of this option has become exercisable.
F5 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.