CONSTELLATION BRANDS, INC. — Director's Dealing 2004

Dec 28, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSTELLATION BRANDS, INC. (STZ/STZ.B)
CIK: 0000016918
Period of Report: 2004-12-23

Reporting Person: SUMMER THOMAS S (Executive VP & CFO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-12-23	Non-Qualified Stock Option (Right to Buy)	$46.04	A	20000	Acquired	2014-12-23	Class A Common Stock (20000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	19259	Direct
Class A Common Stock	800	Indirect

Footnotes

F1: Includes shares of Class A Common Stock acquired in July 2004 under the Constellation Brands, Inc. 1989 Employee Stock Purchase Plan.

F2: 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.

F3: This option becomes exercisable prior to the date specified as follows: (i) 25% will become exercisable after the fair market value of a share of Class A Common Stock has been at least $52.95 for fifteen (15) consecutive trading days; (ii) an additional 25% will become exercisable after such fair market value has been at least $60.89 for fifteen (15) consecutive trading days; and (iii) the remaining 50% will become exercisable after such fair market value has been at least $70.02 for fifteen (15) consecutive trading days.