RES Master LLC 4
4 · CONSTELLATION BRANDS, INC. · Filed Nov 14, 2022
Insider Transaction Report
Form 4
Transactions
- Award
Class A Common Stock
2022-11-10+37,350→ 187,226 total(indirect: By LLC) - Disposition to Issuer
Class B (convertible) Common Stock
2022-11-10−37,350→ 0 total(indirect: By LLC)→ Class A Common Stock (37,350 underlying)
Footnotes (2)
- [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.
- [F2]This report is filed jointly by Richard Sands Master Trust and RES Master LLC ("RES Master"). The reported securities are owned directly by RES Master. RES Master is a limited liability company that is wholly-owned by the Richard Sands Master Trust. Richard Sands is the sole trustee and sole beneficiary of the Richard Sands Master Trust.