MOLSON COORS BEVERAGE CO — Director's Dealing 2017

Feb 23, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MOLSON COORS BREWING CO (TAP)
CIK: 0000024545
Period of Report: 2017-02-17

Reporting Person: COORS PETER H (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-17	Class B Common Stock	M	77520	$57.760	Acquired	350333	Direct
2017-02-17	Class B Common Stock	F	59649	$101.59	Disposed	290684	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-15	Stock Appreciation Right	$57.76	M	77520	Disposed	2018-05-15	Class B Common Stock (77520)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	13536806	Indirect
Class B Common Stock	3376	Indirect
Class B Common Stock	5795	Indirect
Class B Common Stock	85081	Indirect
Class B Common Stock	48116	Indirect
Class B Common Stock	50825	Indirect
Class B Common Stock	56507	Indirect
Class B Common Stock	18748	Indirect
Class B Common Stock	56400	Indirect
Class B Common Stock	153864	Indirect
Class B Common Stock	1064	Indirect

Footnotes

F1: The reporting person's SOSARs exercise reported in this Form 4 was effected pursuant to Rule 10b5-1 Trading Plan previously adopted by the reporting person in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.

F2: Updated to reflect 80,000 restricted stock units granted to the reporting person in July 2005, which were inadvertently excluded previously.

F3: Represents shares of Class B common stock withheld by the issuer to cover the exercise price of the stock only stock appreciation rights (SOSARS) and to cover tax withholding obligations in connection with the exercise of the SOSARS.

F4: The exercise of the SOSARS results in the expiration of the tandem employee stock options.

F5: The SOSARS vested in full on the third anniversary of the grant date.