CONSTELLATION BRANDS, INC. — Director's Dealing 2010

Oct 18, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSTELLATION BRANDS, INC. (STZ/STZ.B)
CIK: 0000016918
Period of Report: 2010-10-14

Reporting Person: HETTERICH F PAUL (Executive VP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-10-14	Class A Common Stock	M	10000	$13.7125	Acquired	69873	Direct
2010-10-14	Class A Common Stock	M	21300	$11.795	Acquired	91173	Direct
2010-10-14	Class A Common Stock	S	31300	$19.0259	Disposed	59873	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-10-14	Non-Qualified Stock Options (right to buy)	$13.7125	M	10000	Disposed	2012-04-04	Class A Common Stock (10000)	Direct
2010-10-14	Non-Qualified Stock Options (right to buy)	$11.795	M	21300	Disposed	2013-04-02	Class A Common Stock (21300)	Direct

Footnotes

F1: Includes shares of Class A Common Stock acquired in July 2010 under the Constellation Brands, Inc. 1989 Employee Stock Purchase Plan.

F2: Represents the weighted average sale price. The sale price range is $19.00 to $19.11. 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.

F3: 100% of this option has become exercisable.