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: Bourdeau James O. (EVP & Gen. Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-01	Class A Common Stock	M	502	—	Acquired	3556	Direct
2020-05-01	Class A Common Stock	M	931	—	Acquired	4487	Direct
2020-05-01	Class A Common Stock	F	452	$161.57	Disposed	4035	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-05-01	Performance Share Units	$	M	502	Disposed		Class A Common Stock (502.0)	Direct
2020-05-01	Restricted Stock Units	$	M	141	Disposed	2020-05-01	Class A Common Stock (141.0)	Direct
2020-05-01	Restricted Stock Units	$	M	132	Disposed	2021-05-01	Class A Common Stock (132.0)	Direct
2020-05-01	Restricted Stock Units	$	M	296	Disposed		Class A Common Stock (296.0)	Direct
2020-05-01	Restricted Stock Units	$	M	362	Disposed		Class A Common Stock (362.0)	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 July 2019 and 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.