CONSTELLATION BRANDS, INC. — Director's Dealing 2005

Dec 20, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSTELLATION BRANDS, INC. (STZ/STZ.B)
CIK: 0000016918
Period of Report: 2005-12-16

Reporting Person: SMITH PAUL L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-09-16	Class A Common Stock	G	700	—	Disposed	6312	Direct
2005-12-09	Class A Common Stock	G	5	—	Disposed	6307	Direct
2005-12-16	Class A Common Stock	M	4514	$15.505	Acquired	10821	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-12-16	Non-Qualified Stock Option (right to buy)	$15.505	M	4514	Disposed	2013-09-25	Class A Common Stock (4514)	Direct