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

Role
10%+ Owner
Signature
/s/ Thomas M. Farace, Authorized Person, Richard Sands Master Trust
Issuer symbol
STZ
Transactions as of
30 Nov 2021
Net transactions value
$0
Form type
4
Filing time
02 Dec 2021, 15:34:22 UTC
Previous filing
10 May 2021
Next filing
19 Jul 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding STZ Class A Common Stock 5,483,842 30 Nov 2021 by RRAZ Holdings LLC F1
holding STZ Class A Common Stock 149,876 30 Nov 2021 by RES 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 -357,030 -100% $0.000000* 0 30 Nov 2021 Class 1 (convertible) Common Stock 357,030 $24.50 by RES Master LLC F2, F3
transaction STZ Non-Qualified Stock Option (right to buy) Options Exercise $0 -167,370 -100% $0.000000* 0 30 Nov 2021 Class 1 (convertible) Common Stock 167,370 $47.79 by RES Master LLC F2, F3
transaction STZ Non-Qualified Stock Option (right to buy) Options Exercise $0 -105,200 -100% $0.000000* 0 30 Nov 2021 Class 1 (convertible) Common Stock 105,200 $79.61 by RES Master LLC F2, F3
transaction STZ Non-Qualified Stock Option (right to buy) Options Exercise $0 -94,170 -100% $0.000000* 0 30 Nov 2021 Class 1 (convertible) Common Stock 94,170 $117.12 by RES Master LLC F2, F3
transaction STZ Non-Qualified Stock Option (right to buy) Options Exercise $0 -79,141 -100% $0.000000* 0 30 Nov 2021 Class 1 (convertible) Common Stock 79,141 $156.84 by RES Master LLC F2, F3
transaction STZ Non-Qualified Stock Option (right to buy) Options Exercise $0 -84,970 -100% $0.000000* 0 30 Nov 2021 Class 1 (convertible) Common Stock 84,970 $172.09 by RES Master LLC F2, F3
transaction STZ Non-Qualified Stock Option (right to buy) Options Exercise $0 -36,544 -50% $0.000000 36,543 30 Nov 2021 Class 1 (convertible) Common Stock 36,544 $207.48 by RES Master LLC F2, F4
transaction STZ Non-Qualified Stock Option (right to buy) Options Exercise $0 -27,857 -25% $0.000000 83,568 30 Nov 2021 Class 1 (convertible) Common Stock 27,857 $153.02 by RES Master LLC F2, F4
transaction STZ Class 1 (convertible) Common Stock Options Exercise +952,282 952,282 30 Nov 2021 Class A Common Stock 952,282 by RES Master LLC F2, F5, F6
holding STZ Class B (convertible) Common Stock 22,746,786 30 Nov 2021 Class A Common Stock 22,746,786 by RRAZ Holdings LLC F1, F7
holding STZ Class B (convertible) Common Stock 37,350 30 Nov 2021 Class A Common Stock 37,350 by RES Master LLC F2, F7
holding STZ Non-Qualified Stock Option (right to buy) 66,895 30 Nov 2021 Class 1 (convertible) Common Stock 66,895 $228.26 by RES Master LLC F2, F4
holding STZ Non-Qualified Stock Option (right to buy) 56,846 30 Nov 2021 Class 1 (convertible) Common Stock 56,846 $238.31 by RES 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 RES 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 limited partnerships. RRA&Z Holdings LLC ("RRAZ") is the sole member of WildStar, and RES Master LLC is a member of RRAZ. RES Master LLC is a sole member limited liability company of which the Richard Sands Master Trust is the sole owner.
F2 RES Master LLC is the direct owner of these securities. RES Master LLC is a limited liability company that is wholly-owned by the Richard 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: 357,030 at $24.50; 167,370 at $47.79; 105,200 at $79.61; 94,170 at $117.12; 79,141 at $156.84; 84,970 at $172.09; 36,544 at $207.48; and 27,857 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.