COCA COLA CO — Director's Dealing 2021

Dec 1, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COCA COLA CO (KO)
CIK: 0000021344
Period of Report: 2021-11-19

Reporting Person: Diller Barry (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-11-19	Call Option (Right to Buy)	$35.00	G	2000000	Disposed	2022-01-21	Common Stock, $.25 Par Value (2000000)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.25 Par Value	4000000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Share Units	$0		Common Stock, $.25 Par Value (167240.529)	167240.529	Direct

Footnotes

F1: Exhibit Index - Exhibit No. 24 - Power of Attorney

F2: The option allows its holder, upon exercise of the option, to elect to settle the option for either cash or stock. If the holder elects to settle the option for cash, the holder will receive the difference between the exercise price of the option and the closing price of the underlying common stock on the New York Stock Exchange on the date of exercise, multiplied by the number of options being exercised.

F3: If the amount of total dividends paid to common shareowners in any quarter during the term of the option exceeds (or is less than) $0.35 per share, the exercise price of the option will be reduced (or increased) by the forward value of the absolute amount of such difference..

F4: The options previously reported as held in a grantor retained annuity trust for the benefit of the reporting person and his family members are now held by a trust of which the reporting person is sole trustee and beneficiary.

F5: Each phantom share unit is economically equivalent to one share of Common Stock.

F6: The phantom share units credited under The Coca-Cola Company Directors' Plan effective January 1, 2020 (the "Directors' Plan) are settled in cash the later of (i) January 15 of the year following the year in which the reporting person leaves the Board, or (ii) six months following the date on which the reporting person leaves the Board.

F7: This number includes phantom share units accrued through October 1, 2021 under the Directors' Plan as a result of crediting phantom dividends.