CONSTELLATION BRANDS, INC. — Director's Dealing 2004

Apr 23, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSTELLATION BRANDS INC (STZ)
CIK: 0000016918
Period of Report: 2004-04-20

Reporting Person: BERK ALEXANDER (CEO, Constell. Beers & Spirits)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-04-20	Class A Common Stock	M	54400	$10.25	Acquired	68480	Direct
2004-04-20	Class A Common Stock	S	54400	$32.6321	Disposed	14080	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-04-20	Non-Qualified Stock Option (right to buy)	$10.25	M	54400	Disposed	2007-09-14	Class A Common Stock (54400)	Direct

Footnotes

F1: 100% of this option has become exercisable.