MOLSON COORS BEVERAGE CO — Director's Dealing 2008

May 20, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MOLSON COORS BREWING CO (TAP)
CIK: 0000024545
Period of Report: 2008-05-15

Reporting Person: Noonan Cathy (Chief Global Synergies Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-15	Class B Common Stock	A	9200	—	Acquired	12810	Direct
2008-05-15	Class B Common Stock	A	1688	—	Acquired	14498	Direct
2008-05-15	Class B Common Stock	A	909	—	Acquired	15407	Direct
2008-05-15	Class B Common Stock	F	4270	—	Disposed	11137	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-05-15	Stock Appreciation Right	$57.76	A	2894	Acquired	2018-05-15	Class B Common Stock (2894)	Direct
2008-05-15	Stock Appreciation Right	$57.76	A	2894	Acquired	2018-05-15	Class B Common Stock (2894)	Direct
2008-05-15	Stock Appreciation Right	$57.76	A	2894	Acquired	2018-05-15	Class B Common Stock (2894)	Direct

Footnotes

F1: The reporting person received one share of class B common stock for each performance share initially granted in 2006, the vesting of which occurred upon achievement of certain of the Company?s performance goals.

F2: The reporting person was granted a one-time award of restricted stock, which will vest in full on the third anniversary of the date of grant.

F3: The reporting person was granted an annual award of restricted stock, which will vest in full on the third anniversary of the date of grant.

F4: These shares were withheld at issuance in lieu of cash payment for applicable taxes on the performance shares awarded to the reporting person on 5/15/08.