X0306 4 2019-05-15 0000016918 CONSTELLATION BRANDS, INC. STZ 0001245563 SANDS RICHARD C/O CONSTELLATION BRANDS, INC. 207 HIGH POINT DRIVE, BUILDING 100 VICTOR NY 14564 1 1 1 Vice Chairman of the Board Class A Common Stock 2019-05-15 4 C 0 23984.0000 0 A 173860.0000 D Class A Common Stock 2019-05-15 4 S 0 6900.0000 207.1600 D 166960.0000 D Class A Common Stock 2019-05-15 4 S 0 17084.0000 206.1933 D 149876.0000 D Class A Common Stock 2019-05-16 4 C 0 42000.0000 0 A 191876.0000 D Class A Common Stock 2019-05-16 4 S 0 19068.0000 206.0875 D 172808.0000 D Class A Common Stock 2019-05-16 4 S 0 22932.0000 206.9908 D 149876.0000 D Class A Common Stock 5620092.0000 I by RRA&Z Holdings LLC Class A Common Stock 15720.0000 I By Spouse Class 1 (convertible) Common Stock 2019-05-15 4 C 0 23984.0000 0.0000 D Class A Common Stock 23984.0000 546443.0000 D Class 1 (convertible) Common Stock 2019-05-16 4 C 0 42000.0000 0.0000 D Class A Common Stock 42000.0000 504443.0000 D 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. Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $206.77 to $207.76, 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. Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $206.00 to $206.76, 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. Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $206.00 to $206.52, 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. Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $206.53 to $207.52, 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. Except to the extent that the reporting person has a direct or indirect pecuniary interest in the securities owned by the applicable trust, partnership or limited liability company, the reporting person disclaims beneficial ownership with respect to securities held in this manner. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for the puroses of Section 16 or any other purpose. RRA&Z Holdings LLC ("RRA&Z") is the sole member of WildStar Partners LLC ("WildStar"). WildStar holds a 0.045% co-general partner interest in various Sands family limited partnerships. The reporting person is a member and co-manager of RRA&Z. 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. 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. /s/ H. Elaine Ziakas for Richard Sands 2019-05-17