Constellation Software Inc.
TSX : CSU

Constellation Software Inc.

December 17, 2008 17:00 ET

Certain Officers and Directors of Constellation Software Enter Into Automatic Share Purchase and Disposition Agreements

TORONTO, ONTARIO--(Marketwire - Dec. 17, 2008) - Constellation Software Inc. ("Constellation") (TSX:CSU) announced today that it has been advised that seven of its officers, directors and executives have entered into agreements with a brokerage firm to adopt automatic share purchase and disposition plans in accordance with applicable securities laws. The plans allow for the purchase and disposition of Constellation common shares in a systematic manner based upon pre-determined criteria. Details regarding the plans adopted by the officers and directors are contained in the table below:



Proposed Purchases

# of Limit
Name Office Transaction Period Shares Price
----------------------------------------------------------------------------
Mark Leonard President, Constellation Jan 1, 09 - Jan 31, 09 5,000 $ 23.00
Software Inc.
Mark Leonard President, Constellation Feb 1, 09 - Feb 28, 09 5,000 $ 23.25
Software Inc.
Mark Leonard President, Constellation Mar 1, 09 - Mar 31, 09 5,000 $ 23.50
Software Inc.
Mark Leonard President, Constellation Apr 1, 09 - Apr 30, 09 5,000 $ 24.00
Software Inc.
Mark Leonard President, Constellation May 1, 09 - May 31, 09 5,000 $ 24.25
Software Inc.
Mark Leonard President, Constellation Jun 1, 09 - Jun 30, 09 5,000 $ 24.50
Software Inc.
Mark Leonard President, Constellation Jul 1, 09 - Jul 31, 09 5,000 $ 25.00
Software Inc.
Mark Leonard President, Constellation Aug 1, 09 - Aug 31, 09 5,000 $ 25.25
Software Inc.
Mark Leonard President, Constellation Sep 1, 09 - Sep 30, 09 5,000 $ 25.75
Software Inc.
Mark Leonard President, Constellation Oct 1, 09 - Oct 31, 09 5,000 $ 26.25
Software Inc.
Mark Leonard President, Constellation Nov 1, 09 - Nov 30, 09 5,000 $ 26.50
Software Inc.
Mark Leonard President, Constellation Dec 1, 09 - Dec 31, 09 5,000 $ 27.00
Software Inc.
Dexter Salna President, Constellation Jan 1, 09 - Dec 31, 09 10,000 $ 23.50
Homebuilder Systems
Corp.


Proposed Dispositions

% of
total
# of Limit holdings
Name Office Transaction Period Shares Price (1)
----------------------------------------------------------------------------
Mark Leonard President, Jan 1, 09 - Jan 31, 09 5,000 $ 34.50 0.4%
Constellation
Software Inc.
Mark Leonard President, Feb 1, 09 - Feb 28, 09 5,000 $ 35.00 0.4%
Constellation
Software Inc.
Mark Leonard President, Mar 1, 09 - Mar 31, 09 5,000 $ 35.50 0.4%
Constellation
Software Inc.
Mark Leonard President, Apr 1, 09 - Apr 30, 09 5,000 $ 36.00 0.4%
Constellation
Software Inc.
Mark Leonard President, May 1, 09 - May 31, 09 5,000 $ 36.50 0.4%
Constellation
Software Inc.
Mark Leonard President, Jun 1, 09 - Jun 30, 09 5,000 $ 37.00 0.4%
Constellation
Software Inc.
Mark Leonard President, Jul 1, 09 - Jul 31, 09 5,000 $ 37.75 0.4%
Constellation
Software Inc.
Mark Leonard President, Aug 1, 09 - Aug 31, 09 5,000 $ 38.25 0.4%
Constellation
Software Inc.
Mark Leonard President, Sep 1, 09 - Sep 30, 09 5,000 $ 38.75 0.4%
Constellation
Software Inc.
Mark Leonard President, Oct 1, 09 - Oct 31, 09 5,000 $ 39.50 0.4%
Constellation
Software Inc.
Mark Leonard President, Nov 1, 09 - Nov 30, 09 5,000 $ 40.00 0.4%
Constellation
Software Inc.
Mark Leonard President, Dec 1, 09 - Dec 31, 09 5,000 $ 40.50 0.4%
Constellation
Software Inc.
Mark Miller COO, Jan 1, 09 - Mar 31, 09 7,000 $ 31.00 2.7%
Constellation
Software Inc.
Mark Miller COO, Apr 1, 09 - Jun 30, 09 7,000 $ 33.00 2.7%
Constellation
Software Inc.
Mark Miller COO, Jul 1, 09 - Sep 30, 09 7,000 $ 35.00 2.7%
Constellation
Software Inc.
Mark Miller COO, Oct 1, 09 - Dec 31, 09 7,000 $ 37.00 2.7%
Constellation
Software Inc.
Dexter Salna President, Jan 1, 09 - Dec 31, 09 10,000 $ 45.00 4.8%
Constellation
Homebuilder
Systems Corp.
Bernard VP Business Jan 1, 09 - Dec 31, 09 8,000 $ 31.00 4.9%
Anzarouth Development,
Constellation
Software Inc.
Bernard VP Business Jan 1, 09 - Dec 31, 09 2,000 $ 35.00 1.2%
Anzarouth Development,
Constellation
Software Inc.
Bernard VP Business Jan 1, 09 - Dec 31, 09 4,000 $ 38.00 2.5%
Anzarouth Development,
Constellation
Software Inc.
Bernard VP Business Jan 1, 09 - Dec 31, 09 6,000 $ 41.00 3.7%
Anzarouth Development,
Constellation
Software Inc.
Bernard VP Business Jan 1, 09 - Dec 31, 09 8,000 $ 44.00 4.9%
Anzarouth Development,
Constellation
Software Inc.
Frances Corp. VP, Jan 1, 09 - Dec 31, 09 10,000 $ 31.00 8.9%
Fendelet Business
Development,
Trapeze
Software Inc.
Frances Corp. VP, Jan 1, 09 - Dec 31, 09 10,000 $ 33.00 8.9%
Fendelet Business
Development,
Trapeze
Software Inc.
Frances Corp. VP, Jan 1, 09 - Dec 31, 09 20,000 $ 35.00 17.8%
Fendelet Business
Development,
Trapeze
Software Inc.
Frances Corp. VP, Jan 1, 09 - Dec 31, 09 10,000 $ 37.00 8.9%
Fendelet Business
Development,
Trapeze
Software Inc.
Ian Keaveny Executive VP, Jan 1, 09 - Dec 31, 09 8,000 $ 27.00 7.6%
R&D, Trapeze
Software Inc.
Melanie Judge CFO, N. Harris Jan 1, 09 - Dec 31, 09 20,000 $ 37.50 29.4%
Computer
Corporation

(1) Calculated by taking the shares proposed for distribution divided by
holdings as of December 17, 2008


Under each trading plan, the sales and purchases will occur from time to time, and will be under the direction of the independent broker engaged by each officer or director. The above plans are in addition to those established in December 2006, May 2007, and December 2007 (see press releases dated December 15, 2006, May 23, 2007, and December 14, 2007). Additional directors, officers and employees may establish such programs in the future.

About Constellation:

Constellation's common shares are listed on the Toronto Stock Exchange under the symbol "CSU". Constellation Software is an international provider of market leading software and services to a number of industries across both the public and private sectors. The Company acquires, manages and builds vertical market software businesses that provide mission-critical software solutions to address the specific needs of its customers in those industries.

Contact Information