CONSTELLATION BRANDS, INC. — Director's Dealing 2016

May 6, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSTELLATION BRANDS, INC. (STZ)
CIK: 0000016918
Period of Report: 2016-05-04

Reporting Person: MULLIN THOMAS J (Exec. VP & Gen. Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-04	Class A Common Stock	M	16900.0000	$20.7900	Acquired	105502.0000	Direct
2016-05-04	Class A Common Stock	S	16900.0000	$159.2233	Disposed	88602.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-05-04	Non-Qualified Stock Option (right to buy)	$20.7900	M	16900.0000	Disposed	2017-04-03	Class A Common Stock (16900.0000)	Direct

Footnotes

F1: Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $159.02 to $159.40, 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.

F2: 100% of this option has become exercisable.