Initial Statement of Beneficial Ownership


FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Manasco Shon J.

2. Date of Event Requiring Statement (MM/DD/YYYY)
8/11/2009 

3. Issuer Name and Ticker or Trading Symbol

CONSTELLATION ENERGY GROUP INC [CEG]

(Last)        (First)        (Middle)

100 CONSTELLATION WAY

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                            _____ 10% Owner
___ X ___ Officer (give title below)          _____ Other (specify below)
Senior Vice President /

(Street)

BALTIMORE, MD 21202       

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed (MM/DD/YYYY)

 

6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person


Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee stock option (right to buy)     (1) 2/27/2019   Common Stock   14420   $19.76   D    
Employee stock option (right to buy)     (2) 4/21/2018   Common Stock   3200   $92.20   D    
Restricted stock units     (3)   (3) Common Stock   1936.2644   (4)   (5) D    

Explanation of Responses:
( 1)  Option granted on 2/27/09 will vest in three equal annual installments on 2/27/10, 2/27/11, and 2/27/12.
( 2)  Option granted on 4/21/08 will vest in three equal annual installments beginning on 2/21/09. The second and third installments will vest on 2/21/10 and 2/21/11.
( 3)  Units granted on 4/21/08 will vest in three equal annual installments beginning on 4/21/09. The second and third installments will vest on 4/21/10 and 4/21/11.
( 4)  This amount is the remaining balance on units granted on 4/21/08 and includes shares obtained through reinvested dividends. The first installment vested on 4/21/09 and the net shares after shares were withheld to pay the taxes due were sold prior to the reporting person becoming an insider subject to Section 16.
( 5)  The units may be settled at the sole discretion of the issuer in cash or common stock. In addition, the units will pay dividends which will be reinvested.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Manasco Shon J.
100 CONSTELLATION WAY
BALTIMORE, MD 21202


Senior Vice President

Signatures
S J Manasco 8/20/2009
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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