Rht 2015 Business Holdings Lp - Nov 10, 2022 Form 4 Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Signature
/s/ Thomas M. Farace, CEO of WildStar Partners LLC, Managing General Partner of Reporting Person
Stock symbol
STZ
Transactions as of
Nov 10, 2022
Transactions value $
$0
Form type
4
Date filed
11/14/2022, 11:25 AM
Next filing
Nov 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STZ Class A Common Stock Award +1.35M 1.35M Nov 10, 2022 Direct F1, 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 Class B (convertible) Common Stock Disposed to Issuer -1.35M -100% 0 Nov 10, 2022 Class A Common Stock 1.35M Direct F1, F2
* 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.
F2 This report is filed jointly by RHT 2015 Business Holdings LP ("RHT Holdings") and RHT 2015 Business Management LLC ("RHT Management"). The reported securities are owned directly by RHT Holdings. RHT Management is the co-general partner of, and owns a 0.02572% interest in, RHT Holdings.