CONSTELLATION BRANDS, INC. — Director's Dealing 2015

Apr 2, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSTELLATION BRANDS, INC. (STZ/STZ.B)
CIK: 0000016918
Period of Report: 2015-03-31

Reporting Person: CWC PARTNERSHIP I (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-03-31	Class A Common Stock	J	768	$0.00	Disposed	768	Indirect
2015-04-01	Class A Common Stock	J	471608	$0.00	Disposed	0	Direct
2015-04-01	Class A Common Stock	J	768	$0.00	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-03-31	Class B (convertible) Common Stock	$	J	667368	Disposed		Class A Common Stock (667368)	Indirect
2015-04-01	Class B (convertible) Common Stock	$	J	5431712	Disposed		Class A Common Stock (5431712)	Direct
2015-04-01	Class B (convertible) Common Stock	$	J	667368	Disposed		Class A Common Stock (667368)	Indirect

Footnotes

F1: On March 31, 2015, CWC Partnership I distributed a portion of its interest (.02% in the aggregate) in MLR&R (defined below) to certain general partners of CWC Partnership I.

F2: Share amounts have been adjusted for stock splits.

F3: M,L,R&R ("MLR&R") is a general partnership of which the reporting person is a general partner.

F4: On April 1, 2015, all of the general partner interests in CWC Partnership I were contributed to a newly-formed limited partnership ("New LP"), and CWC Partnership I was dissolved. Consequently, the shares of Class A Common Stock and Class B Common Stock held, directly and indirectly, by CWC Partnership I were distributed to the New LP.

F5: Shares of Class B Common Stock are convertible into shares of Class A Common Stock of the Issuer on a one-to-one basis at any time at the option of the holder. The ticker symbol for Class B Common Stock is STZ.B.