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CONSTELLATION BRANDS, INC. Director's Dealing 2005

Apr 12, 2005

30189_dirs_2005-04-12_4b9317ec-91ea-4c53-9cf0-2dd6a4417345.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: SUMMER THOMAS S (Executive VP & CFO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2005-04-11 Class A Common Stock M 22000 $10.25 Acquired 41461 Direct
2005-04-11 Class A Common Stock S 22000 $57.8228 Disposed 19461 Direct
2005-04-11 Class A Common Stock M 22800 $12.9063 Acquired 42261 Direct
2005-04-11 Class A Common Stock S 22800 $57.8228 Disposed 19461 Direct
2005-04-11 Class A Common Stock M 3400 $12.875 Acquired 22861 Direct
2005-04-11 Class A Common Stock S 3400 $57.8228 Disposed 19461 Direct
2005-04-12 Class A Common Stock M 48200 $12.875 Acquired 67661 Direct
2005-04-12 Class A Common Stock S 48200 $57.7298 Disposed 19461 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2005-04-11 Non-Qualified Stock Option (right to buy) $10.25 M 22000 Disposed 2007-09-14 Class A Common Stock (22000) Direct
2005-04-11 Non-Qualified Stock Option (right to buy) $12.875 M 3400 Disposed 2010-04-05 Class A Common Stock (3400) Direct
2005-04-12 Non-Qualified Stock Option (right to buy) $12.875 M 48200 Disposed 2010-04-05 Class A Common Stock (48200) Direct
2005-04-11 Non-Qualified Stock Option (right to buy) $12.9063 M 22800 Disposed 2008-04-26 Class A Common Stock (22800) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Class A Common Stock 800 Indirect

Footnotes

F1: Effected pusuant to a Rule 10b5-1 trading plan adopted on January 26, 2005.

F2: Includes shares of Class A Common Stock acquired in January 2005 under the Constellation Brands, Inc. 1989 Employee Stock Purchase Plan.

F3: 100% of this option has become exercisable.