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: HETTERICH F PAUL (Exec. Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-01	Class A Common Stock	M	7420.0000	—	Acquired	59866.0000	Direct
2017-05-01	Class A Common Stock	M	3637.0000	—	Acquired	63503.0000	Direct
2017-05-01	Class A Common Stock	F	5373.0000	$172.0700	Disposed	58130.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-01	Performance Share Units	$	M	7420.0000	Disposed		Class A Common Stock (7420.0000)	Direct
2017-05-01	Restricted Stock Units	$	M	1497.0000	Disposed		Class A Common Stock (1497.0000)	Direct
2017-05-01	Restricted Stock Units	$	M	927.0000	Disposed		Class A Common Stock (927.0000)	Direct
2017-05-01	Restricted Stock Units	$	M	648.0000	Disposed		Class A Common Stock (648.0000)	Direct
2017-05-01	Restricted Stock Units	$	M	565.0000	Disposed		Class A Common Stock (565.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	737.0000	Indirect
Class A Common Stock	599.0000	Indirect
Class A Common Stock	20299.0000	Indirect
Class A Common Stock	373.9280	Indirect
Class A Common Stock	373.9280	Indirect

Footnotes

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

F2: Each restricted stock unit represents a contingent right to receive one share of Constellation Brands, Inc. Class A Common Stock.

F3: The reporting person disclaims beneficial ownership with respect to securities held in this manner, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for the purposes of Section 16 or any other purpose.

F4: These shares are held in UTMA accounts for the benefit of the reporting person's stepsons. The reporting person disclaims beneficial ownership with respect to securities held in this manner, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for the purposes of Section 16 or any other purpose.

F5: The performance share 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.

F6: 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.