CONSTELLATION BRANDS, INC. — Director's Dealing 2016

May 10, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSTELLATION BRANDS, INC. (STZ)
CIK: 0000016918
Period of Report: 2016-05-09

Reporting Person: LOCKE JAMES A III (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-09	Class A Common Stock	M	2836.0000	$24.6800	Acquired	40400.0000	Direct
2016-05-09	Class A Common Stock	S	2836.0000	$160.0000	Disposed	37564.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-05-09	Non-Qualified Stock Option (right to buy)	$24.6800	M	2836.0000	Disposed	2016-07-27	Class A Common Stock (2836.0000)	Direct

Footnotes

F1: 100% of this option has become exercisable.