CONSTELLATION BRANDS, INC. — Director's Dealing 2005

Apr 13, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSTELLATION BRANDS, INC. (STZ/STZ.B)
CIK: 0000016918
Period of Report: 2005-04-11

Reporting Person: SANDS RICHARD (Director, Chairman of Board & CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-04-11	Class A Common Stock	M	36800	$14.85	Acquired	232978	Direct
2005-04-11	Class A Common Stock	S	9550	$57.739	Disposed	223428	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-04-11	Incentive Stock Option (Right to buy)	$14.85	M	36800	Disposed	2005-06-20	Class A Common Stock (36800)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	716668	Indirect
Class A Common Stock	384	Indirect
Class A Common Stock	235804	Indirect
Class A Common Stock	7860	Indirect
Class A Common Stock	3350	Indirect
Class A Common Stock	3350	Indirect

Footnotes

F1: Effected pursuant to a Rule 10b5-1 trading plan adopted on January 24, 2005.

F2: Remainder interest after the life estate of Marilyn Sands. The life estate terminates on the earlier of (i) 20 years from its commencement (11/13/87) or (ii) Mrs. Sands' death. Marilyn Sands' interest includes the right to receive income from and the power to vote and dispose of the shares subject to the vested beneficial interest of the remaindermen.

F3: Except to the extent that the reporting person has a direct or indirect pecuniary interest in securities owned by the applicable partnership or limited liability company, the reporting person disclaims beneficial ownership with respect to securities held in this manner. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for the purposes of Section 16 or any other purpose.

F4: Held by M, L, R & R ("MLR&R"), a general partnership of which the reporting person is a general partner and in which he has a pecuniary interest. The reporting person is a beneficiary and trustee of The Marvin Sands Master Trust, which is also a partner in MLR&R.

F5: Held by CWC Partnership I, a general partnership of which the reporting person is a managing partner and in which he has a pecuniary interest.

F6: The reporting person disclaims beneficial ownership with respect to securities held in this manner, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for the purposes of Section 16 or any other purpose.

F7: 100% of this option has become exercisable.