SER Business Holdings LP 4
4 · CONSTELLATION BRANDS, INC. · Filed Nov 14, 2022
Insider Transaction Report
Form 4
Transactions
- Award
Class A Common Stock
2022-11-10+681,036→ 2,687,544 total - Disposition to Issuer
Class B (convertible) Common Stock
2022-11-10−681,036→ 0 total→ Class A Common Stock (681,036 underlying)
Footnotes (1)
- [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.