MOLSON COORS BEVERAGE CO — Director's Dealing 2005

Mar 8, 2005

SEC Form 3/A — Form 3/A

Issuer: MOLSON COORS BREWING CO (TAP.A; TAP)
CIK: 0000024545
Period of Report: 2005-02-09

Reporting Person: ONeill Daniel J (Director, V.Chair; Synergies&Integration)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$68.18	2014-03-16	Class B Common Stock (144000)		Direct
Employee Stock Option (right to buy)	$68.24	2012-03-12	Class B Common Stock (144000)		Direct
Class B exchangeable shares of Molson Coors Canada Inc.	$		Class B Common Stock (578812)		Direct

Footnotes

F1: 33 1/3 % of the options will vest and be exerciseable at March 17, 2007 and until the expiry date of such grant, as long as Mr. O'Neill remains actively employed by the Issuer. Second tranche of 33 1/3 % will vest and be exerciseable provided that for 20 consecutive days between March 17, 2004 and March 16, 2009, the Class 'A' N-V shares shall have traded at a price equal to or superior to 150% of the exercise price. Third tranche of 33 1/3% will vest and be exerciseable provided that for 20 consecutive days between March 17, 2004 and March 16, 2009, the Class 'A' N-V shares shall have traded at a price equal to or superior to 200% of the exercise price. If the conditions above are attained, options will vest and be exerciseable as per above description and until the expiry date of such grant, as long as Mr. O'Neill remains actively employed by the Issuer. For each of the above conditions that are not attained at March 16, 2009, the respective options will be cancelled.

F2: Options will vest and be exerciseable if trade price of Class 'A' N-V shares prior to March 12, 2007 and for a period of 20 consecutive trading days reached at least twice the grant price. If condition above is attained, the total of his options will vest and be exerciseable until the expiry date of such grant, as long as Mr. O'Neill remains actively employed by the Issuer. If the condition is not attained at March 12, 2007, the total options will be cancelled at that date.

F3: The Class B exchangeable shares are redeemable by a subsidiary of Molson Coors Brewing Company at any time after February 9, 2045 for Molson Coors Brewing Company Class B Common Stock or, for non-affiliates only, the equivalent value in cash.

F4: The shares are convertible on a 1-for-1 basis.

F5: This amendment is being filed to reflect an additional 726 Class B exchangeable shares of Molson Coors Canada Inc. delivered in exchange for shares of Molson Inc. automatically purchased on behalf of the Reporting Person through the Molson Employee Stock Purchase Plan in January 2005.