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: WOLF TIMOTHY V (V.P., Global CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-15	Class B Common Stock	A	35800	—	Acquired	56344	Direct
2008-05-15	Class B Common Stock	A	1964	—	Acquired	58308	Direct
2008-05-15	Class B Common Stock	F	14707	—	Disposed	43601	Direct
2008-05-19	Class B Common Stock	S	200	$57.8	Disposed	43401	Direct
2008-05-19	Class B Common Stock	S	9800	$57.75	Disposed	33601	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-05-15	Stock Appreciation Right	$57.76	A	4461	Acquired	2018-05-15	Class B Common Stock (4461)	Direct
2008-05-15	Stock Appreciation Right	$57.76	A	4460	Acquired	2018-05-15	Class B Common Stock (4460)	Direct
2008-05-15	Stock Appreciation Right	$57.76	A	4460	Acquired	2018-05-15	Class B Common Stock (4460)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	187.64	Indirect

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 an annual award of restricted stock, which will vest in full on the third anniversary of the date of grant.

F3: 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.

F4: The sale of these shares was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.