COCA COLA CO — Director's Dealing 2007

Feb 20, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COCA COLA CO ((KO))
CIK: 0000021344
Period of Report: 2007-02-15

Reporting Person: Kent Ahmet Muhtar (Executive Vice President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-15	Employee Stock Option (right to buy)	$47.84	A	344828	Acquired	2017-02-14	Common Stock, $.25 par value (344828)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.25 par value	44400	Direct
Common Stock, $.25 par value	24585	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Hypothetical shares	$0.00		Common Stock, $.25 par value (945)	945	Indirect

Footnotes

F1: Shares credited to my account under The Coca-Cola Company Thrift & Investment Plan, a tax-qualified 401(k) plan, as of February 14, 2007.

F2: Option (with tax withholding right) granted on February 15, 2007 under The Coca-Cola Company 1999 Stock Option Plan. One-fourth of grant becomes exercisable on the first, second, third and fourth anniversaries of the grant date.

F3: Each hypothetical share is equal to one share of Common Stock of The Coca-Cola Company.

F4: There is no data applicable with respect to the hypothetical shares.

F5: As of February 14, 2007.