CONSTELLATION BRANDS, INC. — Director's Dealing 2006

Aug 9, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSTELLATION BRANDS, INC. (STZ)
CIK: 0000016918
Period of Report: 2006-08-04

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-08-04	Class A Common Stock	M	100000	$10.25	Acquired	159649	Direct
2006-08-04	Class A Common Stock	S	100000	$24.8382	Disposed	59649	Direct
2006-08-04	Class A Common Stock	S	36300	$24.8382	Disposed	23349	Direct
2006-08-04	Class A Common Stock	S	1600	$24.8382	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-08-04	Non-Qualified Stock Option (right to buy)	$10.25	M	100000	Disposed	2011-09-26	Class A Common Stock (100000)	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.