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Form 4 STARBUCKS CORP For: Nov 09 Filed by: JOHNSON KEVIN R

November 12, 2020 8:07 PM
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person *
JOHNSON KEVIN R

(Last) (First) (Middle)
2401 UTAH AVENUE SOUTH, SUITE 800

(Street)
SEATTLE WA 98134

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
STARBUCKS CORP [ SBUX ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
president and ceo
3. Date of Earliest Transaction (Month/Day/Year)
11/09/2020
4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 11/09/2020 M 107,764 (1) A $ 56.1 404,701.144 D
Common Stock 11/09/2020 S 107,764 (1) D $ 96.7774 (2) 296,937.144 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-qualified Stock Option (Right to Buy) $ 56.1 11/09/2020 M 107,764 (3) 11/21/2026 Common Stock 107,764 $ 0 230,107 D
Explanation of Responses:
1. The sales reported on this Form 4 were effected pursuant to Rule 10b5-1 trading plan adopted by the reporting person on April 30, 2020.
2. This transaction was executed in multiple trades at prices ranging from $95.71 to $97.525. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
3. The option, representing the right to buy a total of 445,633 shares, became exercisable in one increment of 111,409 shares on November 21, 2017 and two increments of 111,408 shares each on November 21, 2018 and November 21, 2019 and becomes exercisable in one increment of 111,408 shares on November 21, 2020.
Remarks:
Exhibit 24: Power of Attorney is attached to this filing.
/s/ Jenn X. Hu, attorney-in-fact for Kevin R. Johnson 11/11/2020
** 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 4 (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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POWER OF ATTORNEY
FOR EXECUTING FORMS 3, 4, AND 5

  The undersigned hereby constitutes and appoints Rachel A. Gonzalez,
Jennifer L. Kraft, Joanie Kim and Jenn X. Hu or any of them, as his 
or her true and lawful attorney-in-fact to:

1. prepare, execute in the undersigned's name and on the undersigned's 
behalf, and submit to the U.S. Securities and Exchange Commission 
(the "SEC") a Form ID, including amendments thereto, and any other 
documents necessary or appropriate to obtain codes and passwords 
enabling the undersigned to make electronic filings with the SEC of 
reports required by Section 16(a) of the Securities Exchange Act of 
1934 or any rule or regulation of the SEC;

2. execute for and on behalf of the undersigned Initial Statements of 
Beneficial Ownership of Securities on Form 3, Statements of Change of 
Beneficial Ownership of Securities on Form 4 and Annual Statements of 
Beneficial Ownership of Securities on Form 5 in accordance with Section 
16(a) of the Securities Exchange Act of 1934, as amended, and the rules 
and regulations promulgated thereunder;

3. do and perform any and all acts for and on behalf of the undersigned 
that may be necessary or desirable to complete the execution of any such
Form 3, 4 or 5 and the timely filing of such form with the SEC and any 
required stock exchange, stock market or similar authority; and

4. take any other action of any type whatsoever in connection with the 
foregoing which, in the opinion of such attorney-in-fact, may be of 
benefit to, in the best interest of or legally required by the undersigned,
it being understood that the documents executed by such attorney-in-fact
on behalf of the undersigned pursuant to this Power of Attorney shall be
in such form and shall contain such terms and conditions as such 
attorney-in-fact may approve in his or her discretion.

  The undersigned hereby grants to such attorney-in-fact full power and 
authority to do and perform all and every act and thing whatsoever requisite, 
necessary and proper to be done in the exercise of any of the rights and power 
herein granted, as fully to all intents and purposes as the undersigned might 
or could do if personally present, with full power of substitution or 
revocation, hereby ratifying and confirming all that such attorney-in-fact 
shall lawfully do or cause to be done by virtue of this power of attorney and 
the rights and powers herein granted.  The undersigned acknowledges that the
foregoing attorney-in-fact, in serving in such capacity at the request of 
the undersigned, is not assuming nor is Starbucks Corporation assuming 
any of the undersigned's responsibilities to comply with Section 16 of 
the Securities Exchange Act of 1934, as amended, and the rules and regulations
promulgated thereunder.

  This Power of Attorney shall supersede and revoke any Power of Attorney 
previously executed with respect to executing Forms 3, 4 and 5 and shall remain
in full force and effect until the undersigned is no longer required to file 
Forms 3, 4, and 5, unless earlier revoked in writing delivered to the general
counsel of Starbucks Corporation.

Dated this 12th day of October, 2020.

                                       /s/ Kevin Johnson
                                       Name Printed Kevin Johnson

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