CONSTELLATION BRANDS, INC. — Director's Dealing 2003

Nov 10, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSTELLATION BRANDS INC (STZ)
CIK: 0000016918
Period of Report: 2003-11-06

Reporting Person: BERK ALEXANDER (Chief Executive Officer,)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-11-06	Class A Common Stock	M	40000	$4.25	Acquired	54080	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-11-06	Non-Qualified Stock Option (right to buy)	$4.25	M	40000	Disposed	2006-09-05	Class A Common Stock (40000)	Direct

Footnotes

F1: 100% of this option has become exercisable.