CONSTELLATION BRANDS, INC. — Director's Dealing 2017

May 3, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSTELLATION BRANDS, INC. (STZ)
CIK: 0000016918
Period of Report: 2017-05-01

Reporting Person: Newlands William A (Exec. Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-01	Class A Common Stock	M	2688.0000	—	Acquired	4740.0000	Direct
2017-05-01	Class A Common Stock	F	906.0000	$172.0700	Disposed	3834.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-01	Restricted Stock Units	$	M	630.0000	Disposed		Class A Common Stock (630.0000)	Direct
2017-05-01	Restricted Stock Units	$	M	1493.0000	Disposed		Class A Common Stock (1493.0000)	Direct
2017-05-01	Restricted Stock Units	$	M	565.0000	Disposed		Class A Common Stock (565.0000)	Direct

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of Constellation Brands, Inc. Class A Common Stock.

F2: The restricted stock units disposed of in the reported transaction vested on May 1, 2017. Vested shares are delivered to the reporting person net of shares withheld to satisfy taxes.