CONSTELLATION BRANDS, INC. — Director's Dealing 2008

Jan 4, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSTELLATION BRANDS, INC. (STZ)
CIK: 0000016918
Period of Report: 2008-01-02

Reporting Person: SANDS ROBERT (Director, President and CEO, 10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-01-02	Non-Qualified Stock Option (right to buy)	$23.48	A	30000	Acquired	2018-01-02	Class 1 Common Stock (30000)	Direct

Footnotes

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