CONSTELLATION BRANDS, INC. — Director's Dealing 2008

Aug 12, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSTELLATION BRANDS, INC. (STZ/STZ.B)
CIK: 0000016918
Period of Report: 2008-08-12

Reporting Person: BERK ALEXANDER (CEO, Constell. Beers & Spirits)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-08-12	Class A Common Stock	M	88000	$8.8713	Acquired	165094	Direct
2008-08-12	Class A Common Stock	S	88000	$22.3031	Disposed	77094	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-08-12	Non-Qualified Stock Option (right to buy)	$8.8713	M	88000	Disposed	2011-04-10	Class A Common Stock (88000)	Direct

Footnotes

F1: Represents the weighted average sale price. The sale price range is $22.250 to $ 22.460. Upon request by the Commission staff, the Issuer or a security holder of the Issuer, the reporting person will provide full information regarding the number of shares sold at each separate price.

F2: 100% of this option has become exercisable.