COCA COLA CO — Director's Dealing 2008

Jul 21, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COCA COLA CO ((KO))
CIK: 0000021344
Period of Report: 2008-07-17

Reporting Person: Kent Ahmet Muhtar (Director, President & CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-07-17	Employee Stock Option (right to buy)	$50.5300	A	632911	Acquired	2018-07-16	Common Stock, $.25 par value (632911)	Direct
2008-07-17	Employee Stock Option (right to buy)	$58.1095	A	289352	Acquired	2018-07-16	Common Stock, $.25 par value (289352)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.25 par value	44400	Direct
Common Stock, $.25 par value	26994	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Hypothetical shares	$0.0000		Common Stock, $.25 par value (4760)	4760	Indirect

Footnotes

F1: Shares credited to my account under The Coca-Cola Company Thrift & Investment Plan, a tax-qualified 401(k) plan, as of July 17, 2008.

F2: Option (with tax withholding right) granted on July 17, 2008 under The Coca-Cola Company 2008 Stock Option Plan. One-fourth of grant becomes exercisable on the first, second, third and fourth anniversaries of the grant date.

F3: The exercise price is 15% in excess of the average of the high and low market prices on July 17, 2008.

F4: Option (with tax withholding right) granted on July 17, 2008 under The Coca-Cola Company 2008 Stock Option Plan. Grant becomes exercisable in its entirety on the fourth anniversary of the grant date.

F5: Each hypothetical share is equal to one share of Common Stock of The Coca-Cola Company.

F6: There is no data applicable with respect to the hypothetical shares.

F7: As of July 17, 2008.