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CONSTELLATION BRANDS, INC. Director's Dealing 2005

Apr 12, 2005

30189_dirs_2005-04-11_d575ab5a-a44d-4eff-bb2c-82d8a415599a.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSTELLATION BRANDS, INC. (STZ/STZ.B)
CIK: 0000016918
Period of Report: 2005-04-07

Reporting Person: HETTERICH F PAUL (Executive VP)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2005-04-07 Non-Qualified Stock Option (Right to Buy) $54.47 A 14800 Acquired 2015-04-07 Class A Common Stock (14800) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Class A Common Stock 7616 Direct

Footnotes

F1: Includes shares of Class A Common Stock acquired in January 2005 under the Constellation Brands, Inc. 1989 Employee Stock Purchase Plan.

F2: This option becomes exercisable prior to the date specified as follows: (i) 25% will become exercisable after the fair market value of a share of Class A Common Stock has been at least $62.64 for fifteen (15) consecutive trading days; (ii) an additional 25% will become exercisable after such fair market value has been at least $72.04 for fifteen (15) consecutive trading days; and (iii) the remaining 50% will become exercisable after such fair market value has been at least $82.85 for fifteen (15) consecutive trading days.