CONSTELLATION BRANDS, INC. — Director's Dealing 2017

Nov 9, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSTELLATION BRANDS, INC. (STZ)
CIK: 0000016918
Period of Report: 2017-11-08

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-11-08	Class A Common Stock	C	18227.0000	—	Acquired	72924.0000	Direct
2017-11-08	Class A Common Stock	S	18227.0000	$217.0106	Disposed	54697.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-11-08	Class 1 (convertible) Common Stock	$	M	18227.0000	Acquired		Class A Common Stock (18227.0000)	Direct
2017-11-08	Class 1 (convertible) Common Stock	$	C	18227.0000	Disposed		Class A Common Stock (18227.0000)	Direct
2017-11-08	Non-Qualified Stock Option (right to buy)	$20.6000	M	18227.0000	Disposed	2021-04-05	Class 1 Common Stock (18227.0000)	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 $216.90 to $217.10, 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: The four-year vesting schedule began on the date specified; 100% of this option has now vested.