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CONSTELLATION BRANDS, INC. Director's Dealing 2006

Apr 8, 2006

30189_dirs_2006-04-07_1dc644c0-184e-46ab-a5ac-5495c4e11441.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSTELLATION BRANDS, INC. (STZ/STZ.B)
CIK: 0000016918
Period of Report: 2006-04-05

Reporting Person: SANDS ROBERT (Director, President & COO, 10% Owner)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2006-04-05 Non-Qualified Stock Option (right to buy) $25.88 A 164800 Acquired 2016-04-05 Class A Common Stock (164800) Direct
2006-04-05 Non-Qualified Stock Option (right to buy) $25.88 A 30000 Acquired 2016-04-05 Class A Common Stock (30000) Direct

Footnotes

F1: This option becomes exercisable at the rate of 25% per year beginning on the date specified.

F2: This option becomes exercisable after the closing of the acquisition of Vincor on or before December 31, 2006 at a rate of 25% per year beginning on April 5, 2007.