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CONSTELLATION BRANDS, INC. Director's Dealing 2010

Mar 31, 2010

30189_dirs_2010-03-31_f70195ed-7711-45bf-ba1f-67083cc274d1.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: 2010-03-29

Reporting Person: SANDS RICHARD (Director, Chairman of Board, 10% Owner)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-03-29 Class A Common Stock M 176800 Acquired 2757842 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-03-29 Non-Qualified Stock Option (right to buy) $6.4375 M 176800 Disposed 2010-04-05 Class A Common Stock (176800) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Class A Common Stock 15720 Indirect
Class A Common Stock 6700 Indirect
Class A Common Stock 6700 Indirect
Class A Common Stock 471608 Indirect
Class A Common Stock 768 Indirect

Footnotes

F1: The reporting person disclaims beneficial ownership with respect to securities held in this manner, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for the purposes of Section 16 or any other purpose.

F2: Except to the extent that the reporting person has a direct or indirect pecuniary interest in securities owned by the applicable trust, partnership or limited liability company, the reporting person disclaims beneficial ownership with respect to securities held in this manner. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for the purposes of Section 16 or any other purpose.

F3: Held by CWC Partnership I, a general partnership of which the reporting person is a managing partner and in which he has a pecuniary interest.

F4: Held by M, L, R & R ("MLR&R"), a general partnership of which the reporting person is a general partner and in which he has a pecuniary interest. The reporting person is a beneficiary and trustee of The Marvin Sands Master Trust, which is also a partner in MLR&R.

F5: 100% of this option has become exercisable.