CONSTELLATION BRANDS, INC. — Director's Dealing 2006

Aug 16, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSTELLATION BRANDS, INC. (STZ)
CIK: 0000016918
Period of Report: 2006-08-14

Reporting Person: BERK ALEXANDER (CEO, Constell. Beers & Spirits)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-08-14	Class A Common Stock	M	14080	$6.75	Acquired	60366	Direct
2006-08-14	Class A Common Stock	F	3772	$25.19	Disposed	56594	Direct
2006-08-14	Class A Common Stock	M	15100	$6.5	Acquired	71694	Direct
2006-08-14	Class A Common Stock	S	15100	$25.44	Disposed	56594	Direct
2006-08-14	Class A Common Stock	M	5000	$6.5	Acquired	61594	Direct
2006-08-14	Class A Common Stock	S	5000	$25.39	Disposed	56594	Direct
2006-08-14	Class A Common Stock	M	81500	$6.5	Acquired	138094	Direct
2006-08-14	Class A Common Stock	S	81500	$25.357	Disposed	56594	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-08-14	Incentive Stock Option (right to buy)	$6.75	M	14080	Disposed	2010-06-20	Class A Common Stock (14080)	Direct
2006-08-14	Non-Qualified Stock Option (right to buy)	$6.5	M	15100	Disposed	2009-04-14	Class A Common Stock (15100)	Direct
2006-08-14	Non-Qualified Stock Option (right to buy)	$6.5	M	5000	Disposed	2009-04-14	Class A Common Stock (5000)	Direct
2006-08-14	Non-Qualified Stock Option (right to buy)	$6.5	M	81500	Disposed	2009-04-14	Class A Common Stock (81500)	Direct

Footnotes

F1: 100% of this option has become exercisable.