CONSTELLATION BRANDS, INC. — Director's Dealing 2020

Feb 19, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSTELLATION BRANDS, INC. (STZ)
CIK: 0000016918
Period of Report: 2020-02-14

Reporting Person: HETTERICH F PAUL (EVP & Pres. Beer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-14	Class A Common Stock	C	35000	—	Acquired	97923	Direct
2020-02-14	Class A Common Stock	S	35000	$203.9125	Disposed	62923	Direct
2020-02-18	Class A Common Stock	S	9375	$203.519	Disposed	53548	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-14	Non-Qualified Stock Option (right to buy)	$24.5	M	35000	Disposed	2022-04-03	Class 1 (convertible) Common Stock (35000.0)	Direct
2020-02-14	Class 1 (convertible) Common Stock	$	M	35000	Acquired		Class A Common Stock (35000.0)	Direct
2020-02-14	Class 1 (convertible) Common Stock	$	C	35000	Disposed		Class A Common Stock (35000.0)	Direct

Footnotes

F1: The reported shares of Class A Common Stock were received upon the conversion of shares of Class 1 Common Stock on a one-to-one basis.

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: Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $203.7000 to $204.4500, inclusive. Upon request by the Commission staff, the issuer, or a security holder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price.

F4: Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $203.0100 to $203.8900, inclusive. Upon request by the Commission staff, the issuer, or a security holder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price.

F5: 100% of this option has become exercisable.

F6: Shares of Class 1 Common Stock are convertible to shares of Class A Common Stock of the Issuer on a one-to-one basis in connection with the holders' sale of the shares of Class A Common Stock received upon the conversion. Class 1 Common Stock is not traded on any stock exchange.