CONSTELLATION BRANDS, INC. — Director's Dealing 2011

Feb 22, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSTELLATION BRANDS, INC. (STZ/STZ.B)
CIK: 0000016918
Period of Report: 2011-02-17

Reporting Person: WILSON W KEITH (Exec VP & Chief HR/Admin Ofcr)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-17	Class A Common Stock	C	54693	—	Acquired	99270	Direct
2011-02-17	Class A Common Stock	S	54693	$21.00	Disposed	44577	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-17	Non-qualified Stock Option (right to buy)	$11.85	M	54693	Disposed	2019-04-06	Class 1 Common Stock (54693)	Direct
2011-02-17	Class 1 (convertible) Common Stock	$	M	54693	Acquired		Class A Common Stock (54693)	Direct
2011-02-17	Class 1 (convertible) Common Stock	$	C	54693	Disposed		Class A Common Stock (54693)	Direct

Footnotes

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

F2: Shares of Class 1 Common Stock are convertible into shares of Class A Common Stock of the Issuer on a one-to-one basis in connection with the holder's sale of the shares of Class A Common Stock received upon the conversion. Class 1 Common Stock is not traded on any stock exchange.