RCT 2015 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+675,000→ 675,000 total - Disposition to Issuer
Class B (convertible) Common Stock
2022-11-10−675,000→ 0 total→ Class A Common Stock (675,000 underlying) - Award
Class A Common Stock
2022-11-10+675,000→ 675,000 total(indirect: By LLC) - Disposition to Issuer
Class B (convertible) Common Stock
2022-11-10−675,000→ 0 total(indirect: By LLC)→ Class A Common Stock (675,000 underlying)
Footnotes (3)
- [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 RCT 2015 Business Holdings LP ("RCT Holdings") and RCT 2015 Business Management LLC ("RCT Management"). RCT Holdings directly holds 675,000 shares of Class A Common Stock. RCT Management is the co-general partner of, and owns a 0.02572% interest in, RCT Holdings.
- [F3]RCT 2020 Investments LLC ("RCT Investments") is the direct owner of these securities. RCT Investments is a wholly-owned subsidiary of RCT Holdings.