CONSTELLATION BRANDS, INC. — Director's Dealing 2012

Aug 6, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSTELLATION BRANDS, INC. (STZ)
CIK: 0000016918
Period of Report: 2012-08-02

Reporting Person: SMITH PAUL L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-08-02	Class A Common Stock	C	10447.0000	—	Acquired	39507.0000	Direct
2012-08-02	Class A Common Stock	S	10447.0000	$29.0208	Disposed	29060.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-08-02	Class 1 (convertible) Common Stock	$	M	10447.0000	Acquired		Class A Common Stock (10447.0000)	Direct
2012-08-02	Class 1 (convertible) Common Stock	$	C	10447.0000	Disposed		Class A Common Stock (10447.0000)	Direct
2012-08-02	Non-Qualified Stock Option (right to buy)	$13.4000	M	10447.0000	Disposed	2019-07-23	Class 1 Common Stock (10447.0000)	Direct

Footnotes

F1: The reported shares of Class A Common Stock were received upon the conversion of shares of Class 1 Common Stock on a one-to-one basis.

F2: Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $28.9900 to $29.0800, 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.

F3: Shares of Class 1 Common Stock are convertible to shares of Class A Common Stock of the Issuer on a one-to-one basis in connection with the holders' sale of the shares of Class A Common Stock received upon the conversion. Class 1 Common Stock is not traded on any stock exchange.

F4: 100% of this option has become exercisable.