CONSTELLATION BRANDS, INC. — Director's Dealing 2006

Oct 13, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSTELLATION BRANDS, INC. (STZ)
CIK: 0000016918
Period of Report: 2006-10-10

Reporting Person: MULLIN THOMAS J (Executive VP & General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-10-10	Class A Common Stock	M	25000	$6.4688	Acquired	38377	Direct
2006-10-10	Class A Common Stock	S	25000	$27.5376	Disposed	13377	Direct
2006-10-11	Class A Common Stock	M	25000	$6.4688	Acquired	38377	Direct
2006-10-11	Class A Common Stock	S	25000	$27.4832	Disposed	13377	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-10-10	Non-Qualified Stock Option (right to buy)	$6.4688	M	25000	Disposed	2010-05-29	Class A Common Stock (25000)	Direct
2006-10-11	Non-Qualified Stock Option (right to buy)	$6.4688	M	25000	Disposed	2010-05-29	Class A Common Stock (25000)	Direct

Footnotes

F1: Includes shares of Class A Common Stock acquired in July 2006 under the Constellation Brands, Inc. 1989 Employee Stock Purchase Plan.

F2: 100% of this option has become exercisable.