ABIGAIL BENNETT - 10 Nov 2022 Form 4 Insider Report for CONSTELLATION BRANDS, INC. (STZ)

Role
Member of 10% owner group
Signature
/s/ Abigail Bennett
Issuer symbol
STZ
Transactions as of
10 Nov 2022
Transactions value $
$0
Form type
4
Filing time
14 Nov 2022, 06:30:36 UTC
Previous filing
19 Jul 2022
Next filing
17 Nov 2022
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 Other +8.07M +677.96% 9.26M 10 Nov 2022 By A&Z 2015 Business Holdings LP F1, F2
holding STZ Class A Common Stock 37.4K 10 Nov 2022 Direct
holding STZ Class A Common Stock 100 10 Nov 2022 By MAS Business Holdings LP F3

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 Other -8.07M -100% 0 10 Nov 2022 Class A Common Stock 8.07M By A&Z 2015 Business Holdings LP 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.
F2 A&Z 2015 Business Holdings LP ("A&Z") directly owns the reported securities. A&Z is a limited partnership and A&Z 2015 Business Management LLC ("A&Z Management") is its co-general partner. A&Z Management holds a .0249% general partner interest A&Z. The reporting person indirectly holds limited partner interests in A&Z and is a member of A&Z Management.
F3 MAS Business Holdings LP ("MAS") is the direct owner of these securities. MAS is a limited partnership and MAS Business Management LLC ("MAS Management") is its co-general partner. MAS Management holds a 0.0139% general partner interest in MAS. Abby & Zach Holdings LLC ("Abby & Zach Holdings") holds a 33.3% interest in MAS Management. The reporting person is a member and a co-manager of Abby & Zach Holdings.