CONSTELLATION BRANDS, INC. — Director's Dealing 2020

May 5, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSTELLATION BRANDS, INC. (STZ)
CIK: 0000016918
Period of Report: 2020-05-01

Reporting Person: Newlands William A (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-01	Class A Common Stock	M	2577	—	Acquired	18056	Direct
2020-05-01	Class A Common Stock	M	3331	—	Acquired	21387	Direct
2020-05-01	Class A Common Stock	F	2483	$161.57	Disposed	18904	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-05-01	Performance Share Units	$	M	2577	Disposed		Class A Common Stock (2577.0)	Direct
2020-05-01	Restricted Stock Units	$	M	564	Disposed		Class A Common Stock (564.0)	Direct
2020-05-01	Restricted Stock Units	$	M	681	Disposed		Class A Common Stock (681.0)	Direct
2020-05-01	Restricted Stock Units	$	M	640	Disposed		Class A Common Stock (640.0)	Direct
2020-05-01	Restricted Stock Units	$	M	1446	Disposed		Class A Common Stock (1446.0)	Direct

Footnotes

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

F2: Includes shares of Class A Common Stock acquired in January 2020 under the Constellation Brands, Inc. 1989 Employee Stock Purchase Plan.

F3: Each restricted stock unit represents a contingent right to receive one share of Constellation Brands, Inc. Class A Common Stock.

F4: The performance share units disposed of in the reported transaction vested on May 1, 2020. Vested shares are delivered to the reporting person net of shares withheld to satisfy taxes.

F5: The restricted stock units disposed of in the reported transaction vested on May 1, 2020. Vested shares are delivered to the reporting person net of shares withheld to satisfy taxes.