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: WILSON W KEITH (Executive VP & CHRO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-08-04	Class A Common Stock	M	2525	$12.15	Acquired	3956	Direct
2006-08-04	Class A Common Stock	S	2525	$24.85	Disposed	1431	Direct
2006-08-04	Class A Common Stock	M	12300	$12.15	Acquired	13731	Direct
2006-08-04	Class A Common Stock	S	12300	$24.77	Disposed	1431	Direct
2006-08-04	Class A Common Stock	S	106	$24.81	Disposed	1325	Direct
2006-08-04	Class A Common Stock	S	1200	$24.8	Disposed	125	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-08-04	Non-Qualified Stock Option (right to buy)	$12.15	M	2525	Disposed	2012-01-22	Class A Common Stock (2525)	Direct
2006-08-04	Non-Qualified Stock Option (right to buy)	$12.15	M	12300	Disposed	2012-01-22	Class A Common Stock (12300)	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.