CONSTELLATION BRANDS, INC. — Director's Dealing 2008

Apr 3, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSTELLATION BRANDS, INC. (STZ/STZ.B)
CIK: 0000016918
Period of Report: 2008-04-01

Reporting Person: MORAMARCO JON (CEO, Constell. International)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-04-01	Class A Common Stock	A	16900	—	Acquired	83224	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-04-01	Non-Qualified Stock Option (right to buy)	$19.12	A	147100	Acquired	2018-04-01	Class 1 Common Stock (147100)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	60	Indirect

Footnotes

F1: Includes shares of Class A Common Stock acquired in July 2007 and January 2008 under the Constellation Brands, Inc. 1989 Employee Stock Purchase Plan.

F2: This option becomes exercisable at the rate of 25% per year beginning on the date specified.