Robert Sands Master Trust - Nov 30, 2021 Form 4 Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Role
10%+ Owner
Signature
/s/ Thomas M. Farace, Authorized Person, Robert Sands Master Trust
Stock symbol
STZ
Transactions as of
Nov 30, 2021
Transactions value $
$0
Form type
4
Date filed
12/2/2021, 03:32 PM
Previous filing
May 10, 2021
Next filing
Jul 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding STZ Class A Common Stock 5.48M Nov 30, 2021 by RRAZ Holdings LLC F1
holding STZ Class A Common Stock 549K Nov 30, 2021 by RSS Master 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
transaction STZ Non-Qualified Stock Option (right to buy) Options Exercise $0 -212K -100% $0.00* 0 Nov 30, 2021 Class 1 (convertible) Common Stock 212K $24.50 by RSS Master LLC F2, F3
transaction STZ Non-Qualified Stock Option (right to buy) Options Exercise $0 -115K -100% $0.00* 0 Nov 30, 2021 Class 1 (convertible) Common Stock 115K $47.79 by RSS Master LLC F2, F3
transaction STZ Non-Qualified Stock Option (right to buy) Options Exercise $0 -72K -100% $0.00* 0 Nov 30, 2021 Class 1 (convertible) Common Stock 72K $79.61 by RSS Master LLC F2, F3
transaction STZ Non-Qualified Stock Option (right to buy) Options Exercise $0 -64.5K -100% $0.00* 0 Nov 30, 2021 Class 1 (convertible) Common Stock 64.5K $117.12 by RSS Master LLC F2, F3
transaction STZ Non-Qualified Stock Option (right to buy) Options Exercise $0 -54.2K -100% $0.00* 0 Nov 30, 2021 Class 1 (convertible) Common Stock 54.2K $156.84 by RSS Master LLC F2, F3
transaction STZ Non-Qualified Stock Option (right to buy) Options Exercise $0 -57.8K -100% $0.00* 0 Nov 30, 2021 Class 1 (convertible) Common Stock 57.8K $172.09 by RSS Master LLC F2, F3
transaction STZ Non-Qualified Stock Option (right to buy) Options Exercise $0 -43K -50% $0.00 43K Nov 30, 2021 Class 1 (convertible) Common Stock 43K $207.48 by RSS Master LLC F2, F4
transaction STZ Non-Qualified Stock Option (right to buy) Options Exercise $0 -32.8K -25% $0.00 98.3K Nov 30, 2021 Class 1 (convertible) Common Stock 32.8K $153.02 by RSS Master LLC F2, F4
transaction STZ Class 1 (convertible) Common Stock Options Exercise +651K +109.74% 1.24M Nov 30, 2021 Class A Common Stock 651K by RSS Master LLC F2, F5, F6
holding STZ Class B (convertible) Common Stock 22.7M Nov 30, 2021 Class A Common Stock 22.7M by RRAZ Holdings LLC F1, F7
holding STZ Non-Qualified Stock Option (right to buy) 45.5K Nov 30, 2021 Class 1 (convertible) Common Stock 45.5K $228.26 by RSS Master LLC F2, F4
holding STZ Non-Qualified Stock Option (right to buy) 66.9K Nov 30, 2021 Class 1 (convertible) Common Stock 66.9K $238.31 by RSS Master LLC F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 and Class B Common Stock. WildStar Partners LLC ("WildStar") holds a .045% co-general partner interest in those family limitedpartnerships. RRA&Z Holdings LLC ("RRAZ") is the sole member of WildStar, and RSS Master LLC is a member of RRAZ. RSS Master LLC is a sole member limited liability company of which the Robert SandsMaster Trust is the sole owner.
F2 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.
F3 100% of this option has become exercisable.
F4 This option becomes exercisable at the rate of 25% per year beginning on the date specified.
F5 Shares of Class 1 Common Stock are convertible into shares of Class A Common Stock of the Issuer on a one-to-one basis. In accordance with the certificate of incorporation of Constellation Brands, Inc., any shares of Class A Common Stock issued upon conversion of shares of Class 1 Common Stock must be sold immediately in connection with the conversion. Class 1 Common Stock is not traded on any stock exchange.
F6 The shares of Class 1 Common Stock were acquired at the following prices: 212,380 at $24.50; 114,560 at $47.79; 72,010 at $79.61; 64,460 at $117.12; 54,168 at $156.84; 57,772 at $172.09; 42,993 at $207.48; and 32,772 at $153.02.
F7 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.