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: Hackett William F. (Exec Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-01	Class A Common Stock	M	8420.0000	—	Acquired	63461.0000	Direct
2017-05-01	Class A Common Stock	M	3916.0000	—	Acquired	67377.0000	Direct
2017-05-01	Class A Common Stock	F	4866.0000	$172.0700	Disposed	62511.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-01	Performance Share Units	$	M	8420.0000	Disposed		Class A Common Stock (8420.0000)	Direct
2017-05-01	Restricted Stock Units	$	M	1570.0000	Disposed		Class A Common Stock (1570.0000)	Direct
2017-05-01	Restricted Stock Units	$	M	1052.0000	Disposed		Class A Common Stock (1052.0000)	Direct
2017-05-01	Restricted Stock Units	$	M	733.0000	Disposed	2019-05-01	Class A Common Stock (733.0000)	Direct
2017-05-01	Restricted Stock Units	$	M	561.0000	Disposed		Class A Common Stock (561.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	800.0000	Indirect
Class A Common Stock	800.0000	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: These shares are held in a trust for the benefit of the reporting person's daughter, for which the reporting person is co-trustee. The reporting person disclaims beneficial ownership with respect to these securities and this report shall not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

F4: These shares are held in a trust for the benefit of the reporting person's son, for which the reporting person is co-trustee. The reporting person disclaims beneficial ownership with respect to these securities and this report shall not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for 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.