Sec Form 4 Filing - SANDS ROBERT @ CONSTELLATION BRANDS, INC. - 2016-11-22

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
SANDS ROBERT
2. Issuer Name and Ticker or Trading Symbol
CONSTELLATION BRANDS, INC. [ STZ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
President & CEO
(Last) (First) (Middle)
C/O CONSTELLATION BRANDS, INC., 207 HIGH POINT DRIVE, BUILDING 100
3. Date of Earliest Transaction (MM/DD/YY)
11/22/2016
(Street)
VICTOR, NY14564
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 11/22/2016 J( 1 ) 5,750,092 A $ 0 ( 1 ) 5,750,092 ( 2 ) I by RRA&Z Holdings LLC ( 3 )
Class A Common Stock 617,958 D
Class A Common Stock 1,769 ( 4 ) I By Spouse
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Class B (convertible) Common Stock ( 5 ) 11/22/2016 J( 1 ) 1,350,000 ( 5 ) ( 5 ) Class A Common Stock 1,350,000 ( 1 ) 1,350,000 ( 2 ) I by RCT 2015 Business Holdings LP ( 6 )
Class B (convertible) Common Stock ( 5 ) 11/22/2016 J( 1 ) 22,746,786 ( 5 ) ( 5 ) Class A Common Stock 22,746,786 ( 1 ) 22,746,786 ( 2 ) I by RRA&Z Holdings LLC ( 3 )
Class B (convertible) Common Stock ( 5 ) 11/22/2016 J( 1 ) 1,412,492 ( 5 ) ( 5 ) Class A Common Stock 1,412,492 ( 1 ) 1,412,492 ( 2 ) I by RSS 2015 Business Holdings LP ( 7 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
SANDS ROBERT
C/O CONSTELLATION BRANDS, INC.
207 HIGH POINT DRIVE, BUILDING 100
VICTOR, NY14564
X X President & CEO
Signatures
/s/ Thomas M. Farace, Attorney-in-Fact 11/23/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )On November 22, 2016, WildStar Partners LLC ("WildStar") acquired a 0.045% general partner interest in the following affiliated Sands family limited partnerships: RES Business Holdings LP; SER Business Holdings LP; RSS Business Holdings LP; SSR Business Holdings LP; A&Z 2015 Business Holdings LP; RCT 2015 Business Holdings LP; RHT 2015 Business Holdings LP; RSS 2015 Business Holdings LP and MAS Business Holdings LP.
( 2 )Except to the extent that the reporting person has a direct or indirect pecuniary interest in securities owned by the applicable limited partnerships, the reporting person disclaims beneficial ownership with the respect to the securities held in this manner. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for the purposes of Section 16 or any other purpose.
( 3 )RRA&Z Holdings LLC ("RRA&Z") is the sole member of WildStar. The reporting person is a member and co-manager of RRA&Z.
( 4 )The reporting person disclaims beneficial ownership with respect to securities held in this manner, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for the purposes of Section 16 or any other purpose.
( 5 )Shares of Class B Common Stock are convertible into shares of Class A Common Stock of the Issuer on a one-to-one basis at any time at the option of the holder. The ticker symbol for Class B Common Stock is STZ.B.
( 6 )RCT 2015 Business Holdings LP ("RCT 2015 Holdings") is a limited partnership and its co-general partners are RCT 2015 Business Management LLC ("RCT Management") and WildStar. RCT Management's ownership interest in RCT 2015 Holdings was reduced from 0.025% to 0.0249% as a result of the transaction described in footnote (1) above. The reporting person indirectly holds limited partner interests in RCT 2015 Holdings and is the sole member of RCT Management.
( 7 )RSS 2015 Business Holdings LP ("RSS 2015 Holdings") is a limited partnership and its co-general partners are RSS 2015 Business Management LLC ("RSS Management") and WildStar. RSS Management's ownership interest in RSS 2015 Holdings was reduced from 0.025% to 0.0249% as a result of the transaction described in footnote (1) above. The reporting person indirectly holds limited partner interests in RSS 2015 Holdings and is the sole member of RSS Management.

Remarks:
rsspoa.txt Exhibit 24 - Power of Attorney

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