Daniel J. Mccarthy - Aug 3, 2022 Form 4 Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Role
Director
Signature
/s/ Matthew Stoloff, Attorney-in-fact
Stock symbol
STZ
Transactions as of
Aug 3, 2022
Transactions value $
-$275,201
Form type
4
Date filed
8/4/2022, 04:34 PM
Previous filing
Jul 21, 2022
Next filing
Jul 11, 2023

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 +1.17K +31.32% 4.91K Aug 3, 2022 Direct F1
transaction STZ Class A Common Stock Sale -$415K -1.68K -34.23% $246.79 3.23K Aug 3, 2022 Direct 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 -1.17K -100% $0.00* 0 Aug 3, 2022 Class 1 (convertible) Common Stock 1.17K $119.37 Direct F3
transaction STZ Class 1 (convertible) Common Stock Options Exercise $140K +1.17K $119.37 1.17K Aug 3, 2022 Class A Common Stock 1.17K Direct F4
transaction STZ Class 1 (convertible) Common Stock Conversion of derivative security $0 -1.17K -100% $0.00* 0 Aug 3, 2022 Class A Common Stock 1.17K Direct F4
* 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 $246.7450 to $246.8350, 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 100% of this option has become exercisable.
F4 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.