CONSTELLATION BRANDS, INC. — Director's Dealing 2004

Jul 12, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSTELLATION BRANDS, INC. (STZ)
CIK: 0000016918
Period of Report: 2004-07-08

Reporting Person: MILLAR STEPHEN BRIAN (CEO, Constellation Wines)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-07-08	Class A Common Stock	M	25000	$23.4	Acquired	25000	Direct
2004-07-08	Class A Common Stock	S	22700	$36.85	Disposed	2300	Direct
2004-07-08	Class A Common Stock	S	2300	$36.97	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-07-08	Non-Qualified Stock Option (right to buy)	$23.4	M	25000	Disposed	2013-04-07	Class A Common Stock (25000)	Direct

Footnotes

F1: This option becomes exercisable at the rate of 25% per year beginning on the date specified.