CONSTELLATION BRANDS, INC. — Director's Dealing 2004

Jul 15, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSTELLATION BRANDS, INC. (STZ)
CIK: 0000016918
Period of Report: 2004-07-13

Reporting Person: HAUSWALD JEANANNE K (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-07-13	Class A Common Stock	M	6000	$13.4063	Acquired	8928	Direct
2004-07-13	Class A Common Stock	S	4800	$38.25	Disposed	4128	Direct
2004-07-13	Class A Common Stock	S	1000	$38.35	Disposed	3128	Direct
2004-07-13	Class A Common Stock	S	200	$38.34	Disposed	2928	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-07-13	Non-Qualified Stock Option (right to buy)	$13.4063	M	6000	Disposed	2010-09-14	Class A Common Stock (6000)	Direct