CONSTELLATION BRANDS, INC. — Director's Dealing 2003

Nov 13, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSTELLATION BRANDS INC (STZ)
CIK: 0000016918
Period of Report: 2003-11-11

Reporting Person: MCDERMOTT THOMAS C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-11-11	Class A Common Stock	M	8000	$12.25	Acquired	12436	Direct
2003-11-11	Class A Common Stock	S	4400	$31.58	Disposed	8036	Direct
2003-11-11	Class A Common Stock	S	3600	$31.47	Disposed	4436	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-11-11	Non-Qualified Stock Option (right to buy)	$12.25	M	8000	Disposed	2007-12-21	Class A Common Stock (8000)	Direct