CONSTELLATION BRANDS, INC. — Director's Dealing 2011

Apr 29, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSTELLATION BRANDS, INC. (STZ)
CIK: 0000016918
Period of Report: 2011-04-27

Reporting Person: LOCKE JAMES A III (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-04-27	Class A Common Stock	M	24000.0000	$10.2500	Acquired	57966.0000	Direct
2011-04-28	Class A Common Stock	S	10000.0000	$22.6800	Disposed	47966.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-04-27	Non-Qualified Stock Option (right to buy)	$10.2500	M	24000.0000	Disposed	2011-09-26	Class A Common Stock (24000.0000)	Direct

Footnotes

F1: Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $22.6400 to $22.7000, inclusive. 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.