CONSTELLATION BRANDS, INC. — Director's Dealing 2006

Jul 18, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSTELLATION BRANDS, INC. (STZ/STZ.B)
CIK: 0000016918
Period of Report: 2006-07-14

Reporting Person: SANDS GRANDCHILDREN TRUST UA 11181987 (10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-07-14	Class B (convertible) Common Stock	$	J	4050000	Disposed		Class A Common Stock (4050000)	Indirect

Footnotes

F1: Shares of Class B Common Stock are convertible into shares of Class A Common Stock of the Issuer on a one-to-one basis at any time at the option of the holder. The ticker symbol for Class B Common Stock is STZ.B.

F2: Reflects the transfer of an aggregate of 4,050,000 shares of Class B Common Stock from the reporting trust to each of the Richard Sands Children's Trust, Robert Sands Children's Trust and Laurie Sands Children's Trust in equal amounts of 1,350,000 shares. Following the reported transaction, the reporting trust ceased to be a greater than 10% beneficial owner of a class of securities registered pursuant to Section 12 of the Securities Exchange Act and therefore, ceased to be subject to Section 16.

F3: Previously reported as 225,000 shares. This number reflects the cumulative effect of the Company's stock splits that have occurred since the reporting trust's most recent filing. (Three-for-two stock splits were distributed on 11/8/91 and 7/20/92, and two-for-one stock splits were distributed on 5/14/01, 5/13/02, and 5/13/05.)