CONSTELLATION BRANDS, INC. — Director's Dealing 2006

Jul 31, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSTELLATION BRANDS, INC. (STZ/STZ.B)
CIK: 0000016918
Period of Report: 2006-07-27

Reporting Person: SMITH PAUL L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-05-23	Class A Common Stock	G	450	—	Disposed	8571	Direct
2006-07-27	Class A Common Stock	A	1620	—	Acquired	10191	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-07-27	Non-Qualified Stock Option (right to buy)	$24.68	A	2836	Acquired	2016-07-27	Class A Common Stock (2836)	Direct