CONSTELLATION BRANDS, INC. — Director's Dealing 2011

Apr 7, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSTELLATION BRANDS, INC. (STZ/STZ.B)
CIK: 0000016918
Period of Report: 2011-04-05

Reporting Person: Wright John A (Pres., Constellation Wines NA)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-04-05	Class A Common Stock	A	14930	—	Acquired	120743	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-04-05	Non-qualified Stock Option (right to buy)	$20.60	A	91310	Acquired	2021-04-05	Class 1 Common Stock (91310)	Direct
2011-04-05	Performance Share Units	$	A	9000	Acquired		Class A Common Stock (9000)	Direct

Footnotes

F1: Includes shares of Class A Common Stock acquired in July 2010 and January 2011 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.

F3: Each performance share unit represents a contingent right to receive one share of Constellation Brands, Inc. Class A Common Stock.

F4: Represents the date that the performance criteria with respect to the performance share units was satisfied.

F5: The performance share units vest on May 1, 2011 if the reporting person remains an employee through such date. Vested shares will be delivered to the reporting person on the vesting date net of shares withheld to satisfy taxes.