RES Business Management LLC 4
4 · CONSTELLATION BRANDS, INC. · Filed Nov 14, 2022
Insider Transaction Report
Form 4
RES Business Holdings LP
10% Owner
Transactions
- Award
Class A Common Stock
2022-11-10+5,300,000→ 5,300,000 total - Disposition to Issuer
Class B (convertible) Common Stock
2022-11-10−5,300,000→ 0 total→ Class A Common Stock (5,300,000 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 RES Business Holdings LP ("RES Holdings") and RES Business Management LLC ("RES Management"). The reported securities are owned directly by RES Holdings. RES Management is the co-general partner of, and owns a 0.0009% interest in, RES Holdings.