RSS Business Management LLC 4
4 · CONSTELLATION BRANDS, INC. · Filed Nov 14, 2022
Insider Transaction Report
Form 4
RSS Business Holdings LP
10% Owner
Transactions
- Award
Class A Common Stock
2022-11-10+156→ 156 total(indirect: By LLC) - Disposition to Issuer
Class B (convertible) Common Stock
2022-11-10−4,518,258→ 0 total→ Class A Common Stock (4,518,258 underlying) - Award
Class A Common Stock
2022-11-10+4,518,258→ 4,518,258 total - Disposition to Issuer
Class B (convertible) Common Stock
2022-11-10−156→ 0 total(indirect: By LLC)→ Class A Common Stock (156 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 and Robert Sands.
- [F2]This report is filed jointly by RSS Business Holdings LP ("RSS Holdings") and RSS Business Management LLC ("RSS Management"). RSS Holdings directly holds 4,518,258 shares of Class A Common Stock and RSS Management directly holds 156 shares of Class A Common Stock. RSS Management is the co-general partner of, and owns a 0.009% interest in, RSS Holdings.