Constellation Brands Inc. Statement on Sands Family Stock and Stock Option Transactions
October 23 2015 - 4:37PM
VICTOR, N.Y., Oct. 23, 2015 -
Richard Sands, chairman, and Robert Sands, president and chief
executive officer of Constellation Brands, Inc. (NYSE: STZ and
STZ.B), intend to exercise approximately 2 million options and sell
the resulting shares in order to facilitate financial,
philanthropic and estate planning activities. In addition, other
related parties have sold approximately 200,000 shares of Class A
Common Stock. The stock options are expected to be exercised during
the remainder of the company's third quarter fiscal 2016. The
exercising of stock options does not impact the Sands Family
reported holdings and therefore, following completion of these
transactions, the Sands family and related entities will continue
to beneficially hold more than 30 million shares and continue to be
Constellation's largest shareholder.
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Constellation Brands Inc via Globenewswire
HUG#1961273
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