CONSTELLATION BRANDS, INC. - Director's Dealing 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSTELLATION BRANDS INC (STZ)
CIK: 0000016918
Period of Report: 2004-01-20

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

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-01-20	Class A Common Stock	M	14000	$4.25	Acquired	28080	Direct
2004-01-20	Class A Common Stock	S	14000	$32.5	Disposed	14080	Direct
2004-01-20	Class A Common Stock	M	3500	$6.6875	Acquired	17580	Direct
2004-01-20	Class A Common Stock	S	3500	$32.5	Disposed	14080	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-01-20	Non-Qualified Stock Option (right to buy)	$4.25	M	14000	Disposed	2006-05-22	Class A Common Stock (14000)	Direct
2004-01-20	Non-Qualified Stock Option (right to buy)	$6.6875	M	3500	Disposed	2006-12-18	Class A Common Stock (3500)	Direct

F1: 100% of this option has become exercisable.