SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

KELLY SARA

(Last)

(First)

(Middle)

2401 UTAH AVENUE SOUTH

(Street)

SEATTLE

98134

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/22/2023

3. Issuer Name and Ticker or Trading Symbol
STARBUCKS CORP [ SBUX ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	evp, chief partner officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	40,010.48⁽¹⁾	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Non-qualified Stock Option (Right to Buy)	⁽²⁾	11/16/2025	Common Stock	4,859	$60.68	D
Non-qualified Stock Option (Right to Buy)	⁽³⁾	11/21/2026	Common Stock	6,743	$56.1	D

Explanation of Responses:

1. Includes 31,643.786 shares representing unvested time-based restricted stock units that vest on various dates.

2. The option, representing the right to buy a total of 4,859 shares, became exercisable in three increments of 1,215 shares each on November 16, 2016, November 16, 2017 and November 16, 2018, and one increment of 1,214 shares on November 16, 2019.

3. The option, representing the right to buy a total of 6,743 shares, became exercisable in three increments of 1,686 shares each on November 21, 2017, November 21, 2018 and November 21, 2019 and one increment of 1,685 shares on November 21, 2020.

Remarks:

Exhibit 24: Power of Attorney attached to this filing.

	/s/ Stephanie Tso, attorney-in-fact for Sara Kelly	03/31/2023
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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