SER Business Holdings LP - 10 Nov 2022 Form 4 Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Role: Member of 10% owner group
Signature: /s/ Thomas M. Farace, CEO of WildStar Partners LLC, Managing General Partner of Reporting Person
Issuer symbol: STZ
Transactions as of: 10 Nov 2022
Net transactions value: $0
Form type: 4
Filing time: 14 Nov 2022, 06:30:25 UTC
Previous filing: 11 Jul 2022
Next filing: 12 May 2023
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	Award		+681,036	+34%		2,687,544	10 Nov 2022	Direct	F1

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	Class B (convertible) Common Stock	Disposed to Issuer		-681,036	-100%		0	10 Nov 2022	Class A Common Stock	681,036		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Pursuant to a reclassification exempt under Rule 16b-7 that was effected by Constellation Brands, Inc. on November 10, 2022, each share of Class B Common Stock ($0.01 par value) was reclassified and converted into one share of Class A Common Stock ($0.01 par value) and the right to receive a $64.64 cash payment. The conversion of the shares of Class B Common Stock into shares of Class A Common Stock pursuant to the reclassification is also exempt under Rule 16b-3 to the extent of the pecuniary interest in the shares of Richard Sands and Robert Sands.

Content

Pursuant to a reclassification exempt under Rule 16b-7 that was effected by Constellation Brands, Inc. on November 10, 2022, each share of Class B Common Stock ($0.01 par value) was reclassified and converted into one share of Class A Common Stock ($0.01 par value) and the right to receive a $64.64 cash payment. The conversion of the shares of Class B Common Stock into shares of Class A Common Stock pursuant to the reclassification is also exempt under Rule 16b-3 to the extent of the pecuniary interest in the shares of Richard Sands and Robert Sands.