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<TITLE>Starbucks Corporation Form S-8</TITLE>
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<P align="center"><FONT size="2"><B>As filed with the Securities and Exchange Commission on February&nbsp;27, 2004</B>
</FONT>

<DIV align="right"><FONT size="2"><B>Registration
333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></DIV>

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<P align="center"><FONT size="4"><B>SECURITIES AND EXCHANGE COMMISSION</B>
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<DIV align="center"><FONT size="3"><B>Washington, D.C. 20549</B>
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<P align="center"><FONT size="5"><B>Form&nbsp;S-8</B>
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<DIV align="center"><FONT size="3"><B>REGISTRATION STATEMENT<BR>
UNDER<BR>
THE SECURITIES ACT OF 1933</B>
</FONT></DIV>

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<P align="center"><FONT size="6"><B>STARBUCKS CORPORATION</B>
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<DIV align="center"><FONT size="2"><I>(Exact name of registrant as specified in its charter)</I>
</FONT></DIV>
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    <TD align="center" valign="top"><FONT size="2"><B>Washington</B><BR>
<I>(State or other jurisdiction of incorporation or organization)</I></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
<B>91-1325671</B><BR>
<I>(I.R.S. Employer Identification Number)</I></FONT></TD>
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<P align="center"><FONT size="2"><B>2401 Utah Avenue South<BR>
Seattle, Washington 98134</B><BR>
<I>(Address of principal executive offices, including zip code)</I>
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<P align="center"><FONT size="2"><B>STARBUCKS CORPORATION UK SHARE SAVE PLAN</B>
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<P align="center"><FONT size="2"><B>PAULA E. BOGGS<BR>
(executive vice president, general counsel and secretary)<BR>
Starbucks Corporation<BR>
2401 Utah Avenue South<BR>
Seattle, Washington 98134<BR>
(206)&nbsp;447-1575</B><BR>
(Name, address and telephone number, including area code, of agent for service)
</FONT>

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<P align="center"><FONT size="2"><B><I>Copy to:</I></B><BR>
<B>J. SUE MORGAN<BR>
Perkins Coie LLP<BR>
1201 Third Avenue, Suite&nbsp;4800<BR>
Seattle, Washington 98101-3099<BR>
(206)&nbsp;359-8000</B>
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Approximate date of commencement of proposed sale to the public: </B>By the
Registrant, in accordance with the terms of the Starbucks Corporation UK Share
Save Plan after the effective date of this Registration Statement. By the
selling shareholders, from time to time after the effective date of this
Registration Statement.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the only securities being registered on this form are being offered
pursuant to dividend or interest reinvestment plans, please check the following
box. <FONT face="Wingdings">&#111;</FONT>
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If any of the securities being registered on this form are to be offered
on a delayed or continuous basis pursuant to Rule&nbsp;415 under the Securities Act
of 1933 (the &#147;Securities Act&#148;), other than securities offered only in
connection with dividend or interest reinvestment plans, please check the
following box. <FONT face="Wingdings">&#120;</FONT>
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If this form if filed to register additional securities for an offering
pursuant to Rule&nbsp;462(b) under the Securities Act, please check the following
box and list the Securities Act registration statement number of the earlier
effective registration statement for the same offering. <FONT face="Wingdings">&#111;</FONT>
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If this form is a post-effective amendment filed pursuant to Rule&nbsp;462(c)
under the Securities Act, check the following box and list the Securities Act
registration statement number of the earlier effective registration statement
for the same offering. <FONT face="Wingdings">&#111;</FONT>
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If delivery of the prospectus is expected to be made pursuant to Rule&nbsp;434,
please check the following box. <FONT face="Wingdings">&#111;</FONT>
</FONT>
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<P align="center"><FONT size="2"><B>CALCULATION OF REGISTRATION FEE</B>
</FONT>

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    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
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    <TD width="6%">&nbsp;</TD>
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    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
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    <TD nowrap align="center"><FONT size="1"><B>Title of Securities</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Amount To Be</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Proposed Maximum</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Proposed Maximum</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Amount of</B></FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><FONT size="1"><B>To Be Registered</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Registered (1)</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Offering Price Per Share (4)</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Aggregate Offering Price (4)</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Registration Fee (4)</B></FONT></TD>
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    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD colspan="3"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD colspan="3"><HR size="1" noshade></TD>
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    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Common Stock, par value $0.001 per share</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">35,186</FONT></TD>
    <TD nowrap><FONT size="2">(2)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">$</FONT></TD>
    <TD align="right"><FONT size="2">37.20</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">$</FONT></TD>
    <TD align="right"><FONT size="2">1,308,919</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">$</FONT></TD>
    <TD align="right"><FONT size="2">165.84</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
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    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">&nbsp;</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="1" noshade></TD>
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    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
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    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Common Stock, par value $0.001 per share</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">564,814</FONT></TD>
    <TD nowrap><FONT size="2">(3)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">$</FONT></TD>
    <TD align="right"><FONT size="2">37.20</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">$</FONT></TD>
    <TD align="right"><FONT size="2">21,011,081</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">$</FONT></TD>
    <TD align="right"><FONT size="2">2,662.10</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
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    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">&nbsp;</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
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<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">(1)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Includes an indeterminate number of additional shares that may be
necessary to adjust the number of shares reserved for issuance pursuant to
the plan as the result of any future stock split, stock dividend or
similar adjustment of the Registrant&#146;s outstanding Common Stock.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">(2)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Represents 35,186 shares issued pursuant to the plan.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">(3)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Represents 564,814 shares issuable pursuant to the plan.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">(4)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Estimated solely for the purpose of calculating the registration fee
pursuant to Rule&nbsp;457(h)(1) and Rule&nbsp;457(c) under the Securities Act. The
proposed maximum offering price per share is estimated to be $37.20, based
on the average of the high sales price ($37.65) and the low sales price
($36.75) per share of the Registrant&#146;s Common Stock as reported by the
Nasdaq National Market on February&nbsp;26, 2004.</FONT></TD>
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<P align="center"><FONT size="2"><B>EXPLANATORY NOTES</B>
</FONT>

<P align="left"><FONT size="2">The Registrant has prepared this Registration Statement in accordance with the
requirements of Form&nbsp;S-8 under the Securities Act to register up to 600,000
shares of its Common Stock issued or issuable under the Registrant&#146;s UK Share
Save Plan (the &#147;Plan&#148;).
</FONT>
<P align="left"><FONT size="2">This Form&nbsp;S-8 also includes a prospectus prepared in accordance with General
Instruction C of Form&nbsp;S-8 and in accordance with the requirements of Part I of
Form&nbsp;S-3. This reoffer prospectus may be used for reofferings and resales on a
continuous or delayed basis in the future of up to an aggregate of 35,186
shares of Common Stock that constitute &#147;restricted securities&#148; that have been
issued under the Plan prior to the filing of this Registration Statement.
</FONT>
<P align="center"><FONT size="2"><B>PART I</B>
</FONT>

<P align="center"><FONT size="2"><B>INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</B>
</FONT>

<P align="left"><FONT size="2">The Registrant will send the documents containing the information specified in
Part I of Form&nbsp;S-8 to Plan participants as specified by Rule&nbsp;428(b)(1) under
the Securities Act. Pursuant to the instructions to Form&nbsp;S-8, the Registrant
is not required to file these documents either as part of this Registration
Statement or as prospectuses or prospectus supplements under Rule&nbsp;424 under the
Securities Act.
</FONT>
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<P align="center"><FONT size="2"><B>REOFFER PROSPECTUS</B>
</FONT>

<P align="center"><FONT size="2"><B>35,186 Shares</B>
</FONT>

<P align="center"><FONT size="2"><B>STARBUCKS CORPORATION</B>
</FONT>

<P align="center"><FONT size="2"><B>Common Stock</B>
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This prospectus relates to 35,186 shares of the common stock of Starbucks
Corporation, which may be offered from time to time by shareholders of
Starbucks identified on page 4 of this prospectus. The selling shareholders
have acquired the shares pursuant to the terms of the Starbucks Corporation UK
Share Save Plan.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The selling shareholders may offer for sale or sell their shares in
varying amounts through public or private transactions at prevailing market
prices or at privately negotiated prices. Such future prices are not currently
known. The selling shareholders will receive all of the net proceeds from the
sale of the shares. Starbucks will not receive any proceeds from the sale of
the shares. The selling shareholders will bear all the sales commissions and
similar expenses. Any other expenses incurred by us in connection with this
registration and offering not borne by the selling shareholders will be borne
by us.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Starbucks common stock is traded on the Nasdaq National Market under the
symbol &#147;SBUX.&#148; The last reported sales price of the common stock on the Nasdaq
National Market on February&nbsp;26, 2004 was $37.41 per share.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Neither the Securities and Exchange Commission nor any state securities
commission has approved or disapproved of these securities or passed upon the
adequacy or accuracy of this prospectus. Any representation to the contrary is
a criminal offense.</B>
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>You should carefully consider the &#147;Risk Factors&#148; beginning on page 1 of
this prospectus before purchasing shares of our common stock.</B>
</FONT>
<P align="center"><FONT size="2">The date of this prospectus is February&nbsp;27, 2004
</FONT>

<P align="center"><FONT size="2">&nbsp;</FONT>
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<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

<P><CENTER>
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<TR><TD colspan="9"><A HREF="#000">THE COMPANY</A></TD></TR>
<TR><TD colspan="9"><A HREF="#001">RISK FACTORS</A></TD></TR>
<TR><TD colspan="9"><A HREF="#002">CAUTIONARY STATEMENT PURSUANT TO THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995</A></TD></TR>
<TR><TD colspan="9"><A HREF="#003">USE OF PROCEEDS</A></TD></TR>
<TR><TD colspan="9"><A HREF="#004">SELLING SHAREHOLDERS</A></TD></TR>
<TR><TD colspan="9"><A HREF="#005">PLAN OF DISTRIBUTION</A></TD></TR>
<TR><TD colspan="9"><A HREF="#006">DISCLOSURE OF COMMISSION POSITION ON INDEMNIFICATION FOR SECURITIES ACT LIABILITIES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#007">LEGAL MATTERS</A></TD></TR>
<TR><TD colspan="9"><A HREF="#008">EXPERTS</A></TD></TR>
<TR><TD colspan="9"><A HREF="#009">WHERE YOU CAN FIND MORE INFORMATION</A></TD></TR>
<TR><TD colspan="9"><A HREF="#010">INFORMATION INCORPORATED BY REFERENCE</A></TD></TR>
<TR><TD colspan="9"><A HREF="#011">PART II</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#012">Item&nbsp;3. INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#013">Item&nbsp;4. DESCRIPTION OF SECURITIES</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#014">Item&nbsp;5. INTERESTS OF NAMED EXPERTS AND COUNSEL</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#015">Item&nbsp;6. INDEMNIFICATION OF DIRECTORS AND OFFICERS</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#016">Item&nbsp;7. EXEMPTION FROM REGISTRATION CLAIMED</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#017">Item&nbsp;8. EXHIBITS</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#018">Item&nbsp;9. UNDERTAKINGS</A></TD></TR>
<TR><TD colspan="9"><A HREF="#019">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#020">INDEX TO EXHIBITS</A></TD></TR>
<TR><TD colspan="9"><A HREF="v96886orexv5w1.txt">EXHIBIT 5.1</A></TD></TR>
<TR><TD colspan="9"><A HREF="v96886orexv23w1.txt">EXHIBIT 23.1</A></TD></TR>
</TABLE>
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<P align="center"><FONT size="2"><B>TABLE OF CONTENTS</B>
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<TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="87%">&nbsp;</TD>
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<TR valign="bottom" bgcolor="#eeeeee">
    <TD colspan="2"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">THE COMPANY</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
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<TR valign="bottom">
    <TD colspan="2"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">RISK FACTORS</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#eeeeee">
    <TD colspan="2"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">CAUTIONARY STATEMENT PURSUANT TO THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">3</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
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<TR valign="bottom">
    <TD colspan="2"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">
USE OF PROCEEDS</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">3</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#eeeeee">
    <TD colspan="2"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">SELLING SHAREHOLDERS</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">4</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD colspan="2"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">PLAN OF DISTRIBUTION</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">4</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#eeeeee">
    <TD colspan="2"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">DISCLOSURE OF COMMISSION POSITION ON INDEMNIFICATION FOR SECURITIES ACT
LIABILITIES</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">4</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>


<TR valign="bottom">
    <TD colspan="2"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">LEGAL MATTERS</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">5</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom"  bgcolor="#eeeeee">
    <TD colspan="2"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">EXPERTS</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">5</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD colspan="2"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">WHERE YOU CAN FIND MORE INFORMATION</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">5</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#eeeeee">
    <TD colspan="2"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">INFORMATION INCORPORATED BY REFERENCE</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">5</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>You should rely only on the information incorporated by reference or
provided in this prospectus or any prospectus supplement. We have not
authorized anyone to give you different information. You should not assume
that the information incorporated by reference or provided in this prospectus
or in any prospectus supplement is accurate as of any date other than the date
on the front of the documents.</B>
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>This prospectus does not constitute an offer to sell, or a solicitation of
an offer to buy, nor shall there be any sale of these shares by any person in
any jurisdiction in which it is unlawful for that person to make such an offer,
solicitation or sale.</B>
</FONT>
<P align="center"><FONT size="2">-i-</FONT>
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<!-- link1 "THE COMPANY" -->
<DIV align="left"><A NAME="000"></A></DIV>
<P align="center"><FONT size="2"><B>THE COMPANY</B>
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Starbucks is the leading retailer, roaster and brand of specialty coffee
in the world, with more than 7,500 retail locations in North America, Latin
America, Europe, the Middle East and the Pacific Rim. Starbucks is committed
to offering the highest quality coffee and the Starbucks Experience while
conducting its business in ways that produce social, environmental and economic
benefits for communities in which it does business. In addition to its retail
operations, Starbucks produces and sells bottled Frappuccino<SUP>&#174;</SUP> coffee drinks,
Starbucks DoubleShot&#153; coffee drink, and a line of superpremium ice creams
through its joint venture partnerships. Starbucks brand portfolio provides a
wide variety of consumer products. Tazo Tea&#146;s line of innovative premium teas
and Hear Music&#146;s exceptional compact discs enhance the Starbucks Experience
through best-of-class products. The Seattle&#146;s Best Coffee<SUP>&#174;</SUP> and Torrefazione
Italia<SUP>&#174;</SUP> Coffee brands enable Starbucks to appeal to a broader consumer base by
offering an alternative variety of coffee flavor profiles.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Starbucks is a Washington corporation. Our principal executive offices
are located at 2401 Utah Avenue South, Seattle, Washington 98134 and our
telephone number is (206)&nbsp;447-1575.
</FONT>
<!-- link1 "RISK FACTORS" -->
<DIV align="left"><A NAME="001"></A></DIV>
<P align="center"><FONT size="2"><B>RISK FACTORS</B>
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>In addition to the other information in this prospectus, you should
carefully consider the following factors before investing in our common stock.
The risks discussed below include forward-looking statements. See &#147;Cautionary
Statement Pursuant to the Private Securities Litigation Reform Act of 1995.&#148;</I>
</FONT>
<P align="left"><FONT size="2"><B><I>If our business grows according to our current expectations, managing that
growth effectively will be challenging, and any failure to manage our growth
effectively could adversely impact our business, financial condition and
results of operations.</I></B>
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the fiscal year ending October&nbsp;3, 2004, we expect to open approximately
1,300 new stores worldwide and expect company-operated comparable store sales
growth to be in the range of 3%-7%, with monthly anomalies. Management expects
total net revenue growth of approximately 20% and earnings per share growth of
approximately 20-25% per year for the next 3-5&nbsp;years. Managing rapid growth
can be challenging, and any failure to execute that growth effectively could
adversely impact our business, financial condition and results of operations.
</FONT>
<P align="left"><FONT size="2"><B><I>Any substantial, sustained decline in the retail operations of our United
States operating segment, upon which our financial performance is highly
dependent, would have a material adverse effect upon our business, financial
condition and results of operations.</I></B>
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our financial performance is highly dependent upon the retail operations
of the United States operating segment. Any substantial, sustained decline in
these operations would have a material adverse effect on our business,
financial condition and results of operations. Declines in financial
performance could arise from, among other things:
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">failure to identify and secure real estate locations sufficient to meet annual targets for store openings;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">shortfalls in comparable store sales growth expectations; and</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">negative trends in operating expenses.</FONT></TD>
</TR>
</TABLE>
<P align="center"><FONT size="2">&nbsp;</FONT>
<!-- PAGEBREAK -->
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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>


<P align="left"><FONT size="2"><B><I>Our International operating segment is not profitable and our international
stores and licensees may have difficulty achieving profitability.</I></B>
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our International operating segment (excluding Canada) currently is not
profitable, and our international stores and licensees may not be successful in
their operations or in achieving expected growth. Some factors critical to the
success of our international stores and licensees are different than those
affecting the United States stores and licensees. The economies of a number of
the international markets in which Starbucks and its licensees operate have
been weak in recent years. Tastes naturally vary by region, and consumers
in the new international markets into which Starbucks and its licensees expand
may not embrace products and services to the same extent as consumers in our
existing United States markets. Occupancy costs and store operating expenses
are sometimes higher internationally than in the United States due to higher
rents for prime, inner-city store locations or due to local laws that make it
more expensive to retain or terminate employees. Our International operations
are also subject to the inherent risks of foreign currency fluctuations and
changes in economic, social and political conditions. Because our International
operations are in an early phase of development and have country-specific
regulatory requirements, they require a more comprehensive field organization,
compared to the United States, to provide resources and respond to the business
needs in each region.
</FONT>
<P align="left"><FONT size="2"><B><I>If we fail to meet the market&#146;s high expectations, the market price of our
common stock could drop rapidly and sharply.</I></B>
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our future operating results may fluctuate, perhaps significantly,
depending upon a number of factors which include, but are not limited to, the
following:
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">our ability to continue to increase net revenues and operating
income in the United States operating segment;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">our ability to grow operating income in the International operating
segment;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">the impact of recording the cost of future stock option grants as
an expense in the consolidated statements of earnings; and</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">general economic conditions in the markets in which we operate.</FONT></TD>
</TR>
</TABLE>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Market expectations for our financial performance are high, and Starbucks
stock often trades at a significant multiple to expected earnings per share.
Failure to meet these market expectations could cause the market price of our
common stock to drop rapidly and sharply. Investing in Starbucks common stock
entails assuming the risk that we may not meet the market&#146;s high expectations.
</FONT>
<P align="center"><FONT size="2">-2-</FONT>
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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<!-- link1 "CAUTIONARY STATEMENT PURSUANT TO THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995" -->
<DIV align="left"><A NAME="002"></A></DIV>
<P align="center"><FONT size="2"><B>CAUTIONARY STATEMENT PURSUANT TO
THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995</B>
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Certain statements herein or in documents incorporated by reference
herein, including anticipated store openings, comparable store sales
expectations, trends in or expectations regarding Starbucks revenue growth,
operating expenses, capital expenditures, effective tax rate and net earnings
and earnings per share results, all constitute &#147;forward-looking statements&#148;
within the meaning of the Private Securities Litigation Reform Act of 1995.
Such statements are based on currently available operating, financial and
competitive information and are subject to various risks and uncertainties.
Actual future results and trends may differ materially depending on a variety
of factors, including, but not limited to, coffee, dairy and other raw
materials prices and availability, successful execution of internal performance
and expansion plans, fluctuations in United States and international economies,
ramifications from the war on terrorism, or other international events or
developments, the impact of competitors&#146; initiatives, the effect of legal
proceedings, and other risks detailed herein and in Starbucks other filings
with the Securities and Exchange Commission, including under the heading
&#147;Certain Additional Risks and Uncertainties&#148; in the &#147;Business&#148; section of
Starbucks Annual Report on Form&nbsp;10-K for the fiscal year ended September&nbsp;28,
2003.</I>
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>A forward-looking statement is neither a prediction nor a guarantee of
future events or circumstances, and those future events or circumstances may
not occur. Users should not place undue reliance on the forward-looking
statements, which speak only as of the date of this report. Starbucks is under
no obligation to update or alter any forward-looking statements, whether as a
result of new information, future events or otherwise.</I>
</FONT>
<!-- link1 "USE OF PROCEEDS" -->
<DIV align="left"><A NAME="003"></A></DIV>
<P align="center"><FONT size="2"><B>USE OF PROCEEDS</B>
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The proceeds from the sale of the common stock offered pursuant to this
prospectus are solely for the account of the selling shareholders. We will not
receive any of the proceeds from any sale of shares by the selling
shareholders.
</FONT>
<!-- link1 "SELLING SHAREHOLDERS" -->
<DIV align="left"><A NAME="004"></A></DIV>
<P align="center"><FONT size="2"><B>SELLING SHAREHOLDERS</B>
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table sets forth, as of December&nbsp;31, 2003:
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">the name of each selling shareholder holding 1,000 shares or more
of common stock offered pursuant to this prospectus;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">the number of shares of common stock that each selling shareholder
beneficially owned prior to this offering;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">the number of shares of common stock beneficially owned by each
selling shareholder that may be offered pursuant to this prospectus,
some or all of which shares may be sold pursuant to this prospectus;
and</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">the number of shares of common stock to be beneficially owned by
each selling shareholder following this offering, assuming the sale
pursuant to this offering of all shares that are beneficially owned by
such selling shareholder and offered pursuant to this prospectus.</FONT></TD>
</TR>
</TABLE>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The persons listed as selling shareholders may not have a present
intention of selling shares or may offer or sell fewer than the number of
shares indicated. The information included in the table assumes that each
shareholder below will elect to sell all of his or her shares set forth under
&#147;Number of Shares Which May Be Offered.&#148; This table has been prepared to
comply with the rules and regulations of the Securities and Exchange Commission
but does not reflect any knowledge that we have with respect to the present
intent of the persons listed as selling shareholders.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition to the selling shareholders identified below, certain unnamed
individuals who are not affiliates of Starbucks may sell up to 1,000 shares
individually (up to 21,408 shares in the aggregate) pursuant to this
prospectus.
</FONT>

<P align="center"><FONT size="2">-3-</FONT>
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<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="55%">
<TR valign="bottom">
    <TD width="60%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Number of Shares</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Number of</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Number of Shares</B></FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Beneficially Owned Prior</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Shares Which</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Beneficially Owned After</B></FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><FONT size="1"><B>Name (1)</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>to Offering (2)</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>May Be Offered</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Offering (2)(3)</B></FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD colspan="3"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD colspan="3"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD colspan="3"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom" bgcolor="#eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Graeme Barber</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">1,406</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">1,406</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD nowrap><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Karen Ruth Zena Cadman</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">1,406</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">1,406</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Gordon Davidson</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">1,406</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">1,406</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Leigh John Dennis</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">1,406</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">1,406</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Jonathan Hiscock</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">1,406</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">1,406</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Rupert Lawrie</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">1,406</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">1,406</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Adele Reast Duggan</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">1,406</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">1,406</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Mark Smith</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">1,124</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">1,124</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>


<TR valign="bottom" bgcolor="#eeeeee">
    <TD nowrap><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Thomas James Stapleton</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">1,406</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">1,406</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Raphael Zelfa</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">1,406</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">1,406</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="left"><HR noshade size="1" width="15%" align="left">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">(1)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Each of the individuals listed in the table above is a non-affiliate
employee of Starbucks and beneficially owns less than 1% of our
outstanding common stock.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">(2)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">The amounts shown are derived from information available to Starbucks
after undertaking reasonable efforts to determine the beneficial ownership
of the selling shareholders listed. Beneficial ownership is determined in
accordance with the rules and regulations of the Commission. In computing
the number of shares beneficially owned by a person and the percentage
ownership of that person, shares of common stock subject to options held
by that person that are currently exercisable or exercisable within 60
days of December&nbsp;31, 2003, are deemed outstanding. These shares, however,
are not deemed outstanding for the purposes of computing the percentage
ownership of any other person. Except as indicated in the footnotes to
this table and pursuant to applicable community property laws, to our
knowledge each person named in the table has sole voting and investment
power with respect to the shares set forth opposite that person&#146;s name.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">(3)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Assumes the sale of all shares offered pursuant to this prospectus and no
other purchases or sales of our common stock.</FONT></TD>
</TR>
</TABLE>


<!-- link1 "PLAN OF DISTRIBUTION" -->
<DIV align="left"><A NAME="005"></A></DIV>
<P align="center"><FONT size="2"><B>PLAN OF DISTRIBUTION</B>
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The selling shareholders may sell all or a portion of the shares offered
by this prospectus from time to time in ordinary broker transactions on the
Nasdaq National Market at the prices prevailing at the time of such sale. The
selling shareholders may also make private sales directly through a broker or
brokers. The selling shareholders will be responsible for payment of any and
all commissions to brokers, which will be negotiated on an individual basis.
Starbucks will pay all expenses incident to the sale of the shares to the
public other than brokerage commissions and other expenses incurred by the
selling shareholders, which will be paid by the selling shareholders. In
connection with any sale, the selling shareholders and any brokers
participating in such sales may be deemed to be underwriters within the meaning
of the Securities Act of 1933, as amended.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There is no assurance that any of the selling shareholders will sell any
or all of the shares of common stock offered by them pursuant to this
prospectus.
</FONT>
<!-- link1 "DISCLOSURE OF COMMISSION POSITION ON INDEMNIFICATION FOR SECURITIES ACT LIABILITIES" -->
<DIV align="left"><A NAME="006"></A></DIV>
<P align="center"><FONT size="2"><B>DISCLOSURE OF COMMISSION POSITION ON INDEMNIFICATION<BR>
FOR SECURITIES ACT LIABILITIES</B>
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Article&nbsp;VIII of the Registrant&#146;s Amended and Restated Bylaws authorizes
the Registrant to indemnify any present or former director or officer to the
fullest extent authorized by the Washington Business Corporation Act (the
&#147;WBCA&#148;) or other applicable law against liabilities and losses incurred in
connection with serving as a director or officer. Sections&nbsp;23B.08.510 and
23B.08.570 of the WBCA authorize a corporation to indemnify its directors,
officers, employees or agents against liability incurred in a proceeding if (a)
the individual acted in good faith, (b)&nbsp;the individual reasonably believed (i)
in the case of conduct in the individual&#146;s capacity with the corporation, that
his or her conduct was in the corporation&#146;s best interests and (ii)&nbsp;in all
other cases, that his or her conduct was at least not opposed to its best
interests and (c)&nbsp;in the case of criminal proceedings, the individual had no
reasonable cause to believe his or her conduct was unlawful.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Article&nbsp;9 of the Registrant&#146;s Amended and Restated Articles of
Incorporation, as amended, provides that, to the fullest extent that the WBCA
permits the limitation or elimination of directors&#146; liability, a director shall
not be liable to the Registrant or its shareholders for monetary damages as a
result of acts or omissions as a director.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant maintains directors&#146; and officers&#146; liability insurance
under which the Registrant&#146;s directors and officers are insured against loss
(as defined in the policy) as a result of claims brought against them for their
wrongful acts in such capacities.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insofar as indemnification for liabilities arising under the Securities
Act may be permitted to our directors, officers and controlling persons under
the foregoing provisions, we have been informed that in the opinion of the
Securities and Exchange Commission such indemnification is against public
policy as expressed in the Securities Act and is, therefore, unenforceable.
</FONT>
<P align="center"><FONT size="2">-4-</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<!-- link1 "LEGAL MATTERS" -->
<DIV align="left"><A NAME="007"></A></DIV>
<P align="center"><FONT size="2"><B>LEGAL MATTERS</B>
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We are being represented by Perkins Coie LLP, Seattle, Washington, who
will pass upon the validity of the shares being offered by this prospectus.
</FONT>
<!-- link1 "EXPERTS" -->
<DIV align="left"><A NAME="008"></A></DIV>
<P align="center"><FONT size="2"><B>EXPERTS</B>
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The financial statements incorporated in this prospectus by reference from
the Starbucks annual report on Form&nbsp;10-K for the year ended September&nbsp;28, 2003
have been audited by Deloitte &#038; Touche LLP, independent auditors, as stated in
their report, which is incorporated herein by reference, and have been so
incorporated in reliance upon the report of such firm given upon their
authority as experts in accounting and auditing.
</FONT>
<!-- link1 "WHERE YOU CAN FIND MORE INFORMATION" -->
<DIV align="left"><A NAME="009"></A></DIV>
<P align="center"><FONT size="2"><B>WHERE YOU CAN FIND MORE INFORMATION</B>
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have filed with the Securities and Exchange Commission a registration
statement on Form&nbsp;S-8, of which this prospectus is a part, under the Securities
Act, with respect to the shares of common stock offered pursuant to this
prospectus. This prospectus does not contain all of the information included
in the registration statement. Statements contained in this prospectus
concerning the provisions of any document are not necessarily complete. You
should refer to the copies of those documents filed as exhibits to the
registration statement or otherwise filed by us with the Securities and
Exchange Commission for a more complete understanding of the matters involved.
Each statement concerning those documents is qualified in its entirety by such
reference.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We are also subject to the informational requirements of the Securities
Exchange Act of 1934, as amended. In accordance with the Exchange Act we file
reports, proxy statements and other information with the Securities and
Exchange Commission. The registration statement, including the attached
exhibits and schedules, may be inspected and copied at the public reference
facilities maintained by the Securities and Exchange Commission. Please call
the Securities and Exchange Commission at 1-800-SEC-0330 for further
information about public reference rooms. The Securities and Exchange
Commission maintains a website that contains reports, proxy and information
statements and other information regarding registrants that file electronically
with it. Copies of the registration statement and the reports, proxy and
information statements and other information that we file with the Securities
and Exchange Commission may be obtained from its internet address at
http://www.sec.gov.
</FONT>
<!-- link1 "INFORMATION INCORPORATED BY REFERENCE" -->
<DIV align="left"><A NAME="010"></A></DIV>
<P align="center"><FONT size="2"><B>INFORMATION INCORPORATED BY REFERENCE</B>
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Securities and Exchange Commission allows us to &#147;incorporate by
reference&#148; the information we file with it, which means that we can disclose
important information to you by referring to those documents. The information
incorporated by reference is an important part of this prospectus. We
incorporate by reference the documents listed below and any documents filed in
the future with the Securities and Exchange Commission under Section&nbsp;13(a),
13(c), 14 or 15(d) of the Exchange Act until this offering is completed:
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">our annual report on Form&nbsp;10-K for the fiscal year ended September
28, 2003, filed on December&nbsp;23, 2003, which contains audited
consolidated financial statements for the most recent fiscal year for
which such statements have been filed;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">our quarterly report on Form&nbsp;10-Q for the fiscal quarter ended
December&nbsp;28, 2003, filed on February&nbsp;4, 2004, which contains unaudited
consolidated financial statements for the first quarter of the fiscal
year ending October&nbsp;3, 2004; and</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">the description of our common stock contained in the registration
statements on Form&nbsp;8-A and Form&nbsp;8-A/A, filed on June&nbsp;18, 1992 and March
26, 2001, respectively, under Section&nbsp;12(g) of the Exchange Act,
including any amendments or reports filed for the purpose of updating
such description.</FONT></TD>
</TR>
</TABLE>
<P align="center"><FONT size="2">-5-</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>




<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These and our other filings with the Securities and Exchange Commission
are available at our web site at www.starbucks.com/aboutus/investor.asp. Upon
request by any shareholder to the following address, a copy of these filings,
without exhibits, will be furnished without charge, and a copy of the exhibits
to these filings will be furnished for a fee which will not exceed our
reasonable expenses in furnishing the exhibits.
</FONT>
<P align="center"><FONT size="2">Investor Relations<BR>
Starbucks Corporation<BR>
2401 Utah Avenue South<BR>
Seattle, Washington 98134<BR>
(206)&nbsp;447-1575 x87118<BR>
www.starbucks.com/aboutus/investor.asp
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any information contained in this prospectus shall be deemed to be
modified, replaced, superseded or supplemented to the extent that any document
filed in the future with the Securities and Exchange Commission and
incorporated by reference in this prospectus modifies, replaces,
supersedes or supplements that information. In addition, any information
contained in a document incorporated by reference in this prospectus shall be
deemed to be modified, replaced, superseded or supplemented for purposes of
this prospectus to the extent that information contained in this prospectus or
in any subsequently filed document that is also incorporated by reference in
this prospectus modifies, replaces, supersedes or supplements that information.
Any information so modified, replaced, superseded or supplemented shall not be
deemed, except as so modified, replaced, superseded or supplemented, to
constitute a part of this prospectus.
</FONT>
<P align="center"><FONT size="2">-6-</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<!-- link1 "PART II" -->
<DIV align="left"><A NAME="011"></A></DIV>
<P align="center"><FONT size="2"><B>PART II</B>
</FONT>

<P align="center"><FONT size="2"><B>INFORMATION REQUIRED IN REGISTRATION STATEMENT</B>
</FONT>
<!-- link2 "Item&nbsp;3. INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE" -->
<DIV align="left"><A NAME="012"></A></DIV>

<P align="left"><FONT size="2"><B>Item&nbsp;3. INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE</B>
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents filed with the Securities and Exchange Commission
(the &#147;Commission&#148;) are hereby incorporated by reference in this Registration
Statement:
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp; The Registrant&#146;s Annual Report on Form&nbsp;10-K for the fiscal year ended
September&nbsp;28, 2003, filed with the Commission on December&nbsp;23, 2003, which contains
audited consolidated financial statements for the most recent fiscal year for
which such statements have been filed;
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp; The Registrant&#146;s Quarterly Report on Form&nbsp;10-Q for the fiscal quarter
ended December&nbsp;28, 2003, filed on February&nbsp;4, 2004, which contains unaudited
consolidated financial statements for the first quarter of the fiscal year
ending October&nbsp;3, 2004; and
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp; The description of the Registrant&#146;s Common Stock contained in the
Registration Statements on Form&nbsp;8-A and Form&nbsp;8-A/A, filed on June&nbsp;18, 1992 and
March&nbsp;26, 2001, respectively, under Section&nbsp;12(g) of the Exchange Act,
including any amendments or reports filed for the purpose of updating such
description.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All documents filed by the Registrant pursuant to Sections&nbsp;13(a), 13(c),
14 and 15(d) of the Exchange Act after the date hereof, and prior to the filing
of a post-effective amendment which indicates that the securities offered
hereby have been sold or which deregisters the securities offered hereby then
remaining unsold, shall also be deemed to be incorporated by reference into
this Registration Statement and to be a part hereof commencing on the
respective dates on which such documents are filed.
</FONT>
<!-- link2 "Item&nbsp;4. DESCRIPTION OF SECURITIES" -->
<DIV align="left"><A NAME="013"></A></DIV>
<P align="left"><FONT size="2"><B>Item&nbsp;4. DESCRIPTION OF SECURITIES</B>
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</FONT>
<!-- link2 "Item&nbsp;5. INTERESTS OF NAMED EXPERTS AND COUNSEL" -->
<DIV align="left"><A NAME="014"></A></DIV>
<P align="left"><FONT size="2"><B>Item&nbsp;5. INTERESTS OF NAMED EXPERTS AND COUNSEL</B>
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;None.
</FONT>
<!-- link2 "Item&nbsp;6. INDEMNIFICATION OF DIRECTORS AND OFFICERS" -->
<DIV align="left"><A NAME="015"></A></DIV>
<P align="left"><FONT size="2"><B>Item&nbsp;6. INDEMNIFICATION OF DIRECTORS AND OFFICERS</B>
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Article&nbsp;VIII of the Registrant&#146;s Amended and Restated Bylaws authorizes
the Registrant to indemnify any present or former director or officer to the
fullest extent authorized by the Washington Business Corporation Act (the
&#147;WBCA&#148;) or other applicable law against liabilities and losses incurred in
connection with serving as a director or officer. Sections&nbsp;23B.08.510 and
23B.08.570 of the WBCA authorize a corporation to indemnify its directors,
officers, employees or agents against liability incurred in a proceeding if (a)
the individual acted in good faith, (b)&nbsp;the individual reasonably believed (i)
in the case of conduct in the individual&#146;s capacity with the corporation, that
his or her conduct was in the corporation&#146;s best interests and (ii)&nbsp;in all
other cases, that his or her conduct was at least not opposed to its best
interests and (c)&nbsp;in the case of criminal proceedings, the individual had no
reasonable cause to believe his or her conduct was unlawful.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Article&nbsp;9 of the Registrant&#146;s Amended and Restated Articles of
Incorporation, as amended, provides that, to the fullest extent that the WBCA
permits the limitation or elimination of directors&#146; liability, a director shall
not be liable to the Registrant or its shareholders for monetary damages as a
result of acts or omissions as a director.
</FONT>
<P align="center"><FONT size="2">II-1</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant maintains directors&#146; and officers&#146; liability insurance
under which the Registrant&#146;s directors and officers are insured against loss
(as defined in the policy) as a result of claims brought against them for their
wrongful acts in such capacities.
</FONT>
<!-- link2 "Item&nbsp;7. EXEMPTION FROM REGISTRATION CLAIMED" -->
<DIV align="left"><A NAME="016"></A></DIV>
<P align="left"><FONT size="2"><B>Item&nbsp;7. EXEMPTION FROM REGISTRATION CLAIMED</B>
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For the issuance by the Registrant of 35,186 shares of Common Stock which
are being reoffered pursuant to a prospectus filed with this Registration
Statement, the Registrant relied on Regulation&nbsp;S promulgated under the
Securities Act, which provides an exemption from the registration requirements
for securities offered by an issuer pursuant to an employee benefit plan
established and administered in accordance with the laws of a country other
than the United States.
</FONT>
<!-- link2 "Item&nbsp;8. EXHIBITS" -->
<DIV align="left"><A NAME="017"></A></DIV>
<P align="left"><FONT size="2"><B>Item&nbsp;8. EXHIBITS</B>
</FONT>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="83%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><FONT size="1"><B>Exhibit</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><FONT size="1"><B>Number</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><FONT size="1"><B>Description</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><FONT size="2">&nbsp;&nbsp;5.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Opinion of Perkins Coie LLP regarding legality of the Common Stock being offered.</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top"><FONT size="2">10.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Starbucks Corporation UK Share Save Plan (incorporated by reference to Exhibit
10.9 to the Registrant&#146;s Annual Report on Form&nbsp;10-K, filed on December&nbsp;23,
2003).</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top"><FONT size="2">23.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Consent of Deloitte &#038; Touche LLP.</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top"><FONT size="2">23.2</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Consent of Perkins Coie LLP (included in opinion filed as Exhibit&nbsp;5.1).</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top"><FONT size="2">24.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Power of Attorney (see signature page).</FONT></TD>
</TR>
</TABLE>
</CENTER>
<!-- link2 "Item&nbsp;9. UNDERTAKINGS" -->
<DIV align="left"><A NAME="018"></A></DIV>
<P align="left"><FONT size="2"><B>Item&nbsp;9. UNDERTAKINGS</B>
</FONT>

<P align="left"><FONT size="2">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned Registrant hereby undertakes:
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;To file, during any period in which offers or sales are being made, a
post-effective amendment to this Registration Statement:
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;To include any prospectus required by Section&nbsp;10(a)(3) of the
Securities Act;
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;To reflect in the prospectus any facts or events arising after the
effective date of this Registration Statement (or the most recent
post-effective amendment thereof) which, individually or in the aggregate,
represent a fundamental change in the information set forth in this
Registration Statement; and
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;To include any material information with respect to the plan of
distribution not previously disclosed in this Registration Statement or any
material change to such information in this Registration Statement;
</FONT>

<P align="left"><FONT size="2">provided, however, that paragraphs (1)(i) and (1)(ii) above do not apply if the
information required to be included in a post-effective amendment by those
paragraphs is contained in periodic reports filed by the Registrant pursuant to
Section&nbsp;13 or 15(d) of the Exchange Act that are incorporated by reference in
this Registration Statement.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp; That, for the purpose of determining any liability under the
Securities Act, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp; To remove from registration by means of a post-effective amendment any
of the securities being registered which remain unsold at the termination of
the offering.
</FONT>
<P align="center"><FONT size="2">II-2</FONT>
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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<P align="left"><FONT size="2">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned Registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act, each filing of the
Registrant&#146;s annual report pursuant to Section&nbsp;13(a) or 15(d) of the Exchange
Act (and, where applicable, each filing of an employee benefits plan&#146;s annual
report pursuant to Section&nbsp;15(d) of the Exchange Act) that is incorporated by
reference in this Registration Statement shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.
</FONT>
<P align="left"><FONT size="2">C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insofar as indemnification for liabilities arising under the Securities Act
may be permitted to directors, officers and controlling persons of the
Registrant pursuant to the foregoing provisions, or otherwise, the Registrant
has been advised that, in the opinion of the Commission, such indemnification
is against public policy as expressed in the Securities Act and is, therefore,
unenforceable. In the event that a claim for indemnification against such
liabilities (other than the payment by the Registrant of expenses incurred or
paid by a director, officer or controlling person of the Registrant in the
successful defense of any action, suit or proceeding) is asserted by such
director, officer or controlling person in connection with the securities being
registered, the Registrant will, unless in the opinion of its counsel the
matter has been settled by controlling precedent, submit to a court of
appropriate jurisdiction the question whether such indemnification by it is
against public policy as expressed in the Securities Act and will be governed
by the final adjudication of such issue.
</FONT>
<P align="center"><FONT size="2">II-3</FONT>
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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="019"></A></DIV>
<P align="center"><FONT size="2"><B>SIGNATURES</B>
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, the Registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form&nbsp;S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Seattle, State of Washington, on this 27th day of
February, 2004.
</FONT>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="56%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD valign="top" colspan="3"><FONT size="2">STARBUCKS CORPORATION</FONT></TD>
</TR>

<TR valign="bottom">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
/s/ Orin C. Smith</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
<TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
<HR size="1" noshade width="90%"></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD valign="top"><FONT size="2">By:</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Orin C. Smith<BR>
president and chief executive officer</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2"><B>POWER OF ATTORNEY</B>
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each person whose individual signature appears below hereby authorizes
Howard Schultz and Orin C. Smith, or either of them, as attorneys-in-fact with
full power of substitution, to execute in the name and on the behalf of each
person, individually and in each capacity stated below, and to file, any and
all post-effective amendments to this Registration Statement.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities indicated below on this 27th day of February, 2004.
</FONT>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="34%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="61%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><FONT size="1"><B>Signature</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><FONT size="1"><B>Title</B></FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><FONT size="2"> /s/ Howard Schultz<BR>
</FONT><HR size="1" noshade><FONT size="2">
Howard Schultz</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
director, chairman and chief global strategist</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD align="center" valign="top"><FONT size="2">/s/ Orin C. Smith<BR>
</FONT><HR size="1" noshade><FONT size="2">
Orin C. Smith</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
director, president and chief executive officer<BR>
(principal executive officer)</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD align="center" valign="top"><FONT size="2">/s/ Michael Casey<BR>
</FONT><HR size="1" noshade><FONT size="2">
Michael Casey</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
executive vice president, chief financial officer and<BR>
chief administrative officer (principal financial and<BR>
accounting officer)</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD align="center" valign="top"><FONT size="2">/s/ Barbara Bass<BR>
</FONT><HR size="1" noshade><FONT size="2">
Barbara Bass</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
director</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD align="center" valign="top"><FONT size="2">/s/ Howard Behar<BR>
</FONT><HR size="1" noshade><FONT size="2">
Howard Behar</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
director</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD align="center" valign="top"><FONT size="2">/s/ William W. (Bill) Bradley<BR>
</FONT><HR size="1" noshade><FONT size="2">
William W. (Bill) Bradley</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
director</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">II-4</FONT>
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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="34%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="61%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><FONT size="1"><B>Signature</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><FONT size="1"><B>Title</B></FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><HR size="1" noshade></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD align="center" valign="top"><FONT size="2">/s/ Craig J. Foley<BR>
</FONT><HR size="1" noshade><FONT size="2">
Craig J. Foley</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
director</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD align="center" valign="top"><FONT size="2">       /s/ Olden Lee<BR>
</FONT><HR size="1" noshade><FONT size="2">
Olden Lee</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
director</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD align="center" valign="top"><FONT size="2">/s/ Gregory B. Maffei<BR>
</FONT><HR size="1" noshade><FONT size="2">
Gregory B. Maffei</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
director</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD align="center" valign="top"><FONT size="2">/s/ Arlen I. Prentice<BR>
</FONT><HR size="1" noshade><FONT size="2">
Arlen I. Prentice</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
director</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD align="center" valign="top"><FONT size="2">/s/ James G. Shennan, Jr.<BR>
</FONT><HR size="1" noshade><FONT size="2">
James G. Shennan, Jr.</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
director</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD align="center" valign="top"><FONT size="2"> /s/ Myron E. Ullman, III<BR>
</FONT><HR size="1" noshade><FONT size="2">
Myron E. Ullman, III</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
director</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD align="center" valign="top"><FONT size="2">  /s/ Craig E. Weatherup<BR>
</FONT><HR size="1" noshade><FONT size="2">
Craig E. Weatherup</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
director</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">II-5</FONT>
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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<!-- link1 "INDEX TO EXHIBITS" -->
<DIV align="left"><A NAME="020"></A></DIV>
<P align="center"><FONT size="2"><B>INDEX TO EXHIBITS</B>
</FONT>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="83%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><FONT size="1"><B>Exhibit</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><FONT size="1"><B>Number</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><FONT size="1"><B>Description</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;&nbsp;5.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Opinion of Perkins Coie LLP regarding legality of the Common Stock being offered.</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">10.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Starbucks Corporation UK Share Save Plan (incorporated by reference to Exhibit
10.9 to the Registrant&#146;s Annual Report on Form&nbsp;10-K, filed on December&nbsp;23,
2003).</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">23.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Consent of Deloitte &#038; Touche LLP.</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">23.2</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Consent of Perkins Coie LLP (included in opinion filed as Exhibit&nbsp;5.1).</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">24.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Power of Attorney (see signature page).</FONT></TD>
</TR>
</TABLE>
</CENTER>

<P align="center"><FONT size="2">&nbsp;</FONT>




</BODY>
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Starbucks Corporation Form S-8
Table of Contents
As filed with the Securities and Exchange Commission on February 27, 2004
Registration
333-
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
STARBUCKS CORPORATION
(Exact name of registrant as specified in its charter)
Washington
(State or other jurisdiction of incorporation or organization)
91-1325671
(I.R.S. Employer Identification Number)
2401 Utah Avenue South
Seattle, Washington 98134
(Address of principal executive offices, including zip code)
STARBUCKS CORPORATION UK SHARE SAVE PLAN
PAULA E. BOGGS
(executive vice president, general counsel and secretary)
Starbucks Corporation
2401 Utah Avenue South
Seattle, Washington 98134
(206) 447-1575
(Name, address and telephone number, including area code, of agent for service)
Copy to:
J. SUE MORGAN
Perkins Coie LLP
1201 Third Avenue, Suite 4800
Seattle, Washington 98101-3099
(206) 359-8000
Approximate date of commencement of proposed sale to the public:
By the
Registrant, in accordance with the terms of the Starbucks Corporation UK Share
Save Plan after the effective date of this Registration Statement. By the
selling shareholders, from time to time after the effective date of this
Registration Statement.
If the only securities being registered on this form are being offered
pursuant to dividend or interest reinvestment plans, please check the following
box.
o
If any of the securities being registered on this form are to be offered
on a delayed or continuous basis pursuant to Rule 415 under the Securities Act
of 1933 (the "Securities Act"), other than securities offered only in
connection with dividend or interest reinvestment plans, please check the
following box.
x
If this form if filed to register additional securities for an offering
pursuant to Rule 462(b) under the Securities Act, please check the following
box and list the Securities Act registration statement number of the earlier
effective registration statement for the same offering.
o
If this form is a post-effective amendment filed pursuant to Rule 462(c)
under the Securities Act, check the following box and list the Securities Act
registration statement number of the earlier effective registration statement
for the same offering.
o
If delivery of the prospectus is expected to be made pursuant to Rule 434,
please check the following box.
o
CALCULATION OF REGISTRATION FEE
Title of Securities
Amount To Be
Proposed Maximum
Proposed Maximum
Amount of
To Be Registered
Registered (1)
Offering Price Per Share (4)
Aggregate Offering Price (4)
Registration Fee (4)
Common Stock, par value $0.001 per share
35,186
(2)
$
37.20
$
1,308,919
$
165.84
Common Stock, par value $0.001 per share
564,814
(3)
$
37.20
$
21,011,081
$
2,662.10
(1)
Includes an indeterminate number of additional shares that may be
necessary to adjust the number of shares reserved for issuance pursuant to
the plan as the result of any future stock split, stock dividend or
similar adjustment of the Registrant's outstanding Common Stock.
(2)
Represents 35,186 shares issued pursuant to the plan.
(3)
Represents 564,814 shares issuable pursuant to the plan.
(4)
Estimated solely for the purpose of calculating the registration fee
pursuant to Rule 457(h)(1) and Rule 457(c) under the Securities Act. The
proposed maximum offering price per share is estimated to be $37.20, based
on the average of the high sales price ($37.65) and the low sales price
($36.75) per share of the Registrant's Common Stock as reported by the
Nasdaq National Market on February 26, 2004.
Table of Contents
EXPLANATORY NOTES
The Registrant has prepared this Registration Statement in accordance with the
requirements of Form S-8 under the Securities Act to register up to 600,000
shares of its Common Stock issued or issuable under the Registrant's UK Share
Save Plan (the "Plan").
This Form S-8 also includes a prospectus prepared in accordance with General
Instruction C of Form S-8 and in accordance with the requirements of Part I of
Form S-3. This reoffer prospectus may be used for reofferings and resales on a
continuous or delayed basis in the future of up to an aggregate of 35,186
shares of Common Stock that constitute "restricted securities" that have been
issued under the Plan prior to the filing of this Registration Statement.
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The Registrant will send the documents containing the information specified in
Part I of Form S-8 to Plan participants as specified by Rule 428(b)(1) under
the Securities Act. Pursuant to the instructions to Form S-8, the Registrant
is not required to file these documents either as part of this Registration
Statement or as prospectuses or prospectus supplements under Rule 424 under the
Securities Act.
Table of Contents
REOFFER PROSPECTUS
35,186 Shares
STARBUCKS CORPORATION
Common Stock
This prospectus relates to 35,186 shares of the common stock of Starbucks
Corporation, which may be offered from time to time by shareholders of
Starbucks identified on page 4 of this prospectus. The selling shareholders
have acquired the shares pursuant to the terms of the Starbucks Corporation UK
Share Save Plan.
The selling shareholders may offer for sale or sell their shares in
varying amounts through public or private transactions at prevailing market
prices or at privately negotiated prices. Such future prices are not currently
known. The selling shareholders will receive all of the net proceeds from the
sale of the shares. Starbucks will not receive any proceeds from the sale of
the shares. The selling shareholders will bear all the sales commissions and
similar expenses. Any other expenses incurred by us in connection with this
registration and offering not borne by the selling shareholders will be borne
by us.
Starbucks common stock is traded on the Nasdaq National Market under the
symbol "SBUX." The last reported sales price of the common stock on the Nasdaq
National Market on February 26, 2004 was $37.41 per share.
Neither the Securities and Exchange Commission nor any state securities
commission has approved or disapproved of these securities or passed upon the
adequacy or accuracy of this prospectus. Any representation to the contrary is
a criminal offense.
You should carefully consider the "Risk Factors" beginning on page 1 of
this prospectus before purchasing shares of our common stock.
The date of this prospectus is February 27, 2004
TABLE OF CONTENTS
THE COMPANY
RISK FACTORS
CAUTIONARY STATEMENT PURSUANT TO THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
USE OF PROCEEDS
SELLING SHAREHOLDERS
PLAN OF DISTRIBUTION
DISCLOSURE OF COMMISSION POSITION ON INDEMNIFICATION FOR SECURITIES ACT LIABILITIES
LEGAL MATTERS
EXPERTS
WHERE YOU CAN FIND MORE INFORMATION
INFORMATION INCORPORATED BY REFERENCE
PART II
Item 3. INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE
Item 4. DESCRIPTION OF SECURITIES
Item 5. INTERESTS OF NAMED EXPERTS AND COUNSEL
Item 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS
Item 7. EXEMPTION FROM REGISTRATION CLAIMED
Item 8. EXHIBITS
Item 9. UNDERTAKINGS
SIGNATURES
INDEX TO EXHIBITS
EXHIBIT 5.1
EXHIBIT 23.1
Table of Contents
TABLE OF CONTENTS
THE COMPANY
1
RISK FACTORS
1
CAUTIONARY STATEMENT PURSUANT TO THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
3
USE OF PROCEEDS
3
SELLING SHAREHOLDERS
4
PLAN OF DISTRIBUTION
4
DISCLOSURE OF COMMISSION POSITION ON INDEMNIFICATION FOR SECURITIES ACT
LIABILITIES
4
LEGAL MATTERS
5
EXPERTS
5
WHERE YOU CAN FIND MORE INFORMATION
5
INFORMATION INCORPORATED BY REFERENCE
5
You should rely only on the information incorporated by reference or
provided in this prospectus or any prospectus supplement. We have not
authorized anyone to give you different information. You should not assume
that the information incorporated by reference or provided in this prospectus
or in any prospectus supplement is accurate as of any date other than the date
on the front of the documents.
This prospectus does not constitute an offer to sell, or a solicitation of
an offer to buy, nor shall there be any sale of these shares by any person in
any jurisdiction in which it is unlawful for that person to make such an offer,
solicitation or sale.
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THE COMPANY
Starbucks is the leading retailer, roaster and brand of specialty coffee
in the world, with more than 7,500 retail locations in North America, Latin
America, Europe, the Middle East and the Pacific Rim. Starbucks is committed
to offering the highest quality coffee and the Starbucks Experience while
conducting its business in ways that produce social, environmental and economic
benefits for communities in which it does business. In addition to its retail
operations, Starbucks produces and sells bottled Frappuccino
®
coffee drinks,
Starbucks DoubleShot™ coffee drink, and a line of superpremium ice creams
through its joint venture partnerships. Starbucks brand portfolio provides a
wide variety of consumer products. Tazo Tea's line of innovative premium teas
and Hear Music's exceptional compact discs enhance the Starbucks Experience
through best-of-class products. The Seattle's Best Coffee
®
and Torrefazione
Italia
®
Coffee brands enable Starbucks to appeal to a broader consumer base by
offering an alternative variety of coffee flavor profiles.
Starbucks is a Washington corporation. Our principal executive offices
are located at 2401 Utah Avenue South, Seattle, Washington 98134 and our
telephone number is (206) 447-1575.
RISK FACTORS
In addition to the other information in this prospectus, you should
carefully consider the following factors before investing in our common stock.
The risks discussed below include forward-looking statements. See "Cautionary
Statement Pursuant to the Private Securities Litigation Reform Act of 1995."
If our business grows according to our current expectations, managing that
growth effectively will be challenging, and any failure to manage our growth
effectively could adversely impact our business, financial condition and
results of operations.
In the fiscal year ending October 3, 2004, we expect to open approximately
1,300 new stores worldwide and expect company-operated comparable store sales
growth to be in the range of 3%-7%, with monthly anomalies. Management expects
total net revenue growth of approximately 20% and earnings per share growth of
approximately 20-25% per year for the next 3-5 years. Managing rapid growth
can be challenging, and any failure to execute that growth effectively could
adversely impact our business, financial condition and results of operations.
Any substantial, sustained decline in the retail operations of our United
States operating segment, upon which our financial performance is highly
dependent, would have a material adverse effect upon our business, financial
condition and results of operations.
Our financial performance is highly dependent upon the retail operations
of the United States operating segment. Any substantial, sustained decline in
these operations would have a material adverse effect on our business,
financial condition and results of operations. Declines in financial
performance could arise from, among other things:
•
failure to identify and secure real estate locations sufficient to meet annual targets for store openings;
•
shortfalls in comparable store sales growth expectations; and
•
negative trends in operating expenses.
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Our International operating segment is not profitable and our international
stores and licensees may have difficulty achieving profitability.
Our International operating segment (excluding Canada) currently is not
profitable, and our international stores and licensees may not be successful in
their operations or in achieving expected growth. Some factors critical to the
success of our international stores and licensees are different than those
affecting the United States stores and licensees. The economies of a number of
the international markets in which Starbucks and its licensees operate have
been weak in recent years. Tastes naturally vary by region, and consumers
in the new international markets into which Starbucks and its licensees expand
may not embrace products and services to the same extent as consumers in our
existing United States markets. Occupancy costs and store operating expenses
are sometimes higher internationally than in the United States due to higher
rents for prime, inner-city store locations or due to local laws that make it
more expensive to retain or terminate employees. Our International operations
are also subject to the inherent risks of foreign currency fluctuations and
changes in economic, social and political conditions. Because our International
operations are in an early phase of development and have country-specific
regulatory requirements, they require a more comprehensive field organization,
compared to the United States, to provide resources and respond to the business
needs in each region.
If we fail to meet the market's high expectations, the market price of our
common stock could drop rapidly and sharply.
Our future operating results may fluctuate, perhaps significantly,
depending upon a number of factors which include, but are not limited to, the
following:
•
our ability to continue to increase net revenues and operating
income in the United States operating segment;
•
our ability to grow operating income in the International operating
segment;
•
the impact of recording the cost of future stock option grants as
an expense in the consolidated statements of earnings; and
•
general economic conditions in the markets in which we operate.
Market expectations for our financial performance are high, and Starbucks
stock often trades at a significant multiple to expected earnings per share.
Failure to meet these market expectations could cause the market price of our
common stock to drop rapidly and sharply. Investing in Starbucks common stock
entails assuming the risk that we may not meet the market's high expectations.
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CAUTIONARY STATEMENT PURSUANT TO
THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
Certain statements herein or in documents incorporated by reference
herein, including anticipated store openings, comparable store sales
expectations, trends in or expectations regarding Starbucks revenue growth,
operating expenses, capital expenditures, effective tax rate and net earnings
and earnings per share results, all constitute "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995.
Such statements are based on currently available operating, financial and
competitive information and are subject to various risks and uncertainties.
Actual future results and trends may differ materially depending on a variety
of factors, including, but not limited to, coffee, dairy and other raw
materials prices and availability, successful execution of internal performance
and expansion plans, fluctuations in United States and international economies,
ramifications from the war on terrorism, or other international events or
developments, the impact of competitors' initiatives, the effect of legal
proceedings, and other risks detailed herein and in Starbucks other filings
with the Securities and Exchange Commission, including under the heading
"Certain Additional Risks and Uncertainties" in the "Business" section of
Starbucks Annual Report on Form 10-K for the fiscal year ended September 28,
2003.
A forward-looking statement is neither a prediction nor a guarantee of
future events or circumstances, and those future events or circumstances may
not occur. Users should not place undue reliance on the forward-looking
statements, which speak only as of the date of this report. Starbucks is under
no obligation to update or alter any forward-looking statements, whether as a
result of new information, future events or otherwise.
USE OF PROCEEDS
The proceeds from the sale of the common stock offered pursuant to this
prospectus are solely for the account of the selling shareholders. We will not
receive any of the proceeds from any sale of shares by the selling
shareholders.
SELLING SHAREHOLDERS
The following table sets forth, as of December 31, 2003:
•
the name of each selling shareholder holding 1,000 shares or more
of common stock offered pursuant to this prospectus;
•
the number of shares of common stock that each selling shareholder
beneficially owned prior to this offering;
•
the number of shares of common stock beneficially owned by each
selling shareholder that may be offered pursuant to this prospectus,
some or all of which shares may be sold pursuant to this prospectus;
and
•
the number of shares of common stock to be beneficially owned by
each selling shareholder following this offering, assuming the sale
pursuant to this offering of all shares that are beneficially owned by
such selling shareholder and offered pursuant to this prospectus.
The persons listed as selling shareholders may not have a present
intention of selling shares or may offer or sell fewer than the number of
shares indicated. The information included in the table assumes that each
shareholder below will elect to sell all of his or her shares set forth under
"Number of Shares Which May Be Offered." This table has been prepared to
comply with the rules and regulations of the Securities and Exchange Commission
but does not reflect any knowledge that we have with respect to the present
intent of the persons listed as selling shareholders.
In addition to the selling shareholders identified below, certain unnamed
individuals who are not affiliates of Starbucks may sell up to 1,000 shares
individually (up to 21,408 shares in the aggregate) pursuant to this
prospectus.
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Number of Shares
Number of
Number of Shares
Beneficially Owned Prior
Shares Which
Beneficially Owned After
Name (1)
to Offering (2)
May Be Offered
Offering (2)(3)
Graeme Barber
1,406
1,406
0
Karen Ruth Zena Cadman
1,406
1,406
0
Gordon Davidson
1,406
1,406
0
Leigh John Dennis
1,406
1,406
0
Jonathan Hiscock
1,406
1,406
0
Rupert Lawrie
1,406
1,406
0
Adele Reast Duggan
1,406
1,406
0
Mark Smith
1,124
1,124
0
Thomas James Stapleton
1,406
1,406
0
Raphael Zelfa
1,406
1,406
0
(1)
Each of the individuals listed in the table above is a non-affiliate
employee of Starbucks and beneficially owns less than 1% of our
outstanding common stock.
(2)
The amounts shown are derived from information available to Starbucks
after undertaking reasonable efforts to determine the beneficial ownership
of the selling shareholders listed. Beneficial ownership is determined in
accordance with the rules and regulations of the Commission. In computing
the number of shares beneficially owned by a person and the percentage
ownership of that person, shares of common stock subject to options held
by that person that are currently exercisable or exercisable within 60
days of December 31, 2003, are deemed outstanding. These shares, however,
are not deemed outstanding for the purposes of computing the percentage
ownership of any other person. Except as indicated in the footnotes to
this table and pursuant to applicable community property laws, to our
knowledge each person named in the table has sole voting and investment
power with respect to the shares set forth opposite that person's name.
(3)
Assumes the sale of all shares offered pursuant to this prospectus and no
other purchases or sales of our common stock.
PLAN OF DISTRIBUTION
The selling shareholders may sell all or a portion of the shares offered
by this prospectus from time to time in ordinary broker transactions on the
Nasdaq National Market at the prices prevailing at the time of such sale. The
selling shareholders may also make private sales directly through a broker or
brokers. The selling shareholders will be responsible for payment of any and
all commissions to brokers, which will be negotiated on an individual basis.
Starbucks will pay all expenses incident to the sale of the shares to the
public other than brokerage commissions and other expenses incurred by the
selling shareholders, which will be paid by the selling shareholders. In
connection with any sale, the selling shareholders and any brokers
participating in such sales may be deemed to be underwriters within the meaning
of the Securities Act of 1933, as amended.
There is no assurance that any of the selling shareholders will sell any
or all of the shares of common stock offered by them pursuant to this
prospectus.
DISCLOSURE OF COMMISSION POSITION ON INDEMNIFICATION
FOR SECURITIES ACT LIABILITIES
Article VIII of the Registrant's Amended and Restated Bylaws authorizes
the Registrant to indemnify any present or former director or officer to the
fullest extent authorized by the Washington Business Corporation Act (the
"WBCA") or other applicable law against liabilities and losses incurred in
connection with serving as a director or officer. Sections 23B.08.510 and
23B.08.570 of the WBCA authorize a corporation to indemnify its directors,
officers, employees or agents against liability incurred in a proceeding if (a)
the individual acted in good faith, (b) the individual reasonably believed (i)
in the case of conduct in the individual's capacity with the corporation, that
his or her conduct was in the corporation's best interests and (ii) in all
other cases, that his or her conduct was at least not opposed to its best
interests and (c) in the case of criminal proceedings, the individual had no
reasonable cause to believe his or her conduct was unlawful.
Article 9 of the Registrant's Amended and Restated Articles of
Incorporation, as amended, provides that, to the fullest extent that the WBCA
permits the limitation or elimination of directors' liability, a director shall
not be liable to the Registrant or its shareholders for monetary damages as a
result of acts or omissions as a director.
The Registrant maintains directors' and officers' liability insurance
under which the Registrant's directors and officers are insured against loss
(as defined in the policy) as a result of claims brought against them for their
wrongful acts in such capacities.
Insofar as indemnification for liabilities arising under the Securities
Act may be permitted to our directors, officers and controlling persons under
the foregoing provisions, we have been informed that in the opinion of the
Securities and Exchange Commission such indemnification is against public
policy as expressed in the Securities Act and is, therefore, unenforceable.
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LEGAL MATTERS
We are being represented by Perkins Coie LLP, Seattle, Washington, who
will pass upon the validity of the shares being offered by this prospectus.
EXPERTS
The financial statements incorporated in this prospectus by reference from
the Starbucks annual report on Form 10-K for the year ended September 28, 2003
have been audited by Deloitte & Touche LLP, independent auditors, as stated in
their report, which is incorporated herein by reference, and have been so
incorporated in reliance upon the report of such firm given upon their
authority as experts in accounting and auditing.
WHERE YOU CAN FIND MORE INFORMATION
We have filed with the Securities and Exchange Commission a registration
statement on Form S-8, of which this prospectus is a part, under the Securities
Act, with respect to the shares of common stock offered pursuant to this
prospectus. This prospectus does not contain all of the information included
in the registration statement. Statements contained in this prospectus
concerning the provisions of any document are not necessarily complete. You
should refer to the copies of those documents filed as exhibits to the
registration statement or otherwise filed by us with the Securities and
Exchange Commission for a more complete understanding of the matters involved.
Each statement concerning those documents is qualified in its entirety by such
reference.
We are also subject to the informational requirements of the Securities
Exchange Act of 1934, as amended. In accordance with the Exchange Act we file
reports, proxy statements and other information with the Securities and
Exchange Commission. The registration statement, including the attached
exhibits and schedules, may be inspected and copied at the public reference
facilities maintained by the Securities and Exchange Commission. Please call
the Securities and Exchange Commission at 1-800-SEC-0330 for further
information about public reference rooms. The Securities and Exchange
Commission maintains a website that contains reports, proxy and information
statements and other information regarding registrants that file electronically
with it. Copies of the registration statement and the reports, proxy and
information statements and other information that we file with the Securities
and Exchange Commission may be obtained from its internet address at
http://www.sec.gov.
INFORMATION INCORPORATED BY REFERENCE
The Securities and Exchange Commission allows us to "incorporate by
reference" the information we file with it, which means that we can disclose
important information to you by referring to those documents. The information
incorporated by reference is an important part of this prospectus. We
incorporate by reference the documents listed below and any documents filed in
the future with the Securities and Exchange Commission under Section 13(a),
13(c), 14 or 15(d) of the Exchange Act until this offering is completed:
•
our annual report on Form 10-K for the fiscal year ended September
28, 2003, filed on December 23, 2003, which contains audited
consolidated financial statements for the most recent fiscal year for
which such statements have been filed;
•
our quarterly report on Form 10-Q for the fiscal quarter ended
December 28, 2003, filed on February 4, 2004, which contains unaudited
consolidated financial statements for the first quarter of the fiscal
year ending October 3, 2004; and
•
the description of our common stock contained in the registration
statements on Form 8-A and Form 8-A/A, filed on June 18, 1992 and March
26, 2001, respectively, under Section 12(g) of the Exchange Act,
including any amendments or reports filed for the purpose of updating
such description.
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These and our other filings with the Securities and Exchange Commission
are available at our web site at www.starbucks.com/aboutus/investor.asp. Upon
request by any shareholder to the following address, a copy of these filings,
without exhibits, will be furnished without charge, and a copy of the exhibits
to these filings will be furnished for a fee which will not exceed our
reasonable expenses in furnishing the exhibits.
Investor Relations
Starbucks Corporation
2401 Utah Avenue South
Seattle, Washington 98134
(206) 447-1575 x87118
www.starbucks.com/aboutus/investor.asp
Any information contained in this prospectus shall be deemed to be
modified, replaced, superseded or supplemented to the extent that any document
filed in the future with the Securities and Exchange Commission and
incorporated by reference in this prospectus modifies, replaces,
supersedes or supplements that information. In addition, any information
contained in a document incorporated by reference in this prospectus shall be
deemed to be modified, replaced, superseded or supplemented for purposes of
this prospectus to the extent that information contained in this prospectus or
in any subsequently filed document that is also incorporated by reference in
this prospectus modifies, replaces, supersedes or supplements that information.
Any information so modified, replaced, superseded or supplemented shall not be
deemed, except as so modified, replaced, superseded or supplemented, to
constitute a part of this prospectus.
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PART II
INFORMATION REQUIRED IN REGISTRATION STATEMENT
Item 3. INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE
The following documents filed with the Securities and Exchange Commission
(the "Commission") are hereby incorporated by reference in this Registration
Statement:
(a)  The Registrant's Annual Report on Form 10-K for the fiscal year ended
September 28, 2003, filed with the Commission on December 23, 2003, which contains
audited consolidated financial statements for the most recent fiscal year for
which such statements have been filed;
(b)  The Registrant's Quarterly Report on Form 10-Q for the fiscal quarter
ended December 28, 2003, filed on February 4, 2004, which contains unaudited
consolidated financial statements for the first quarter of the fiscal year
ending October 3, 2004; and
(c)  The description of the Registrant's Common Stock contained in the
Registration Statements on Form 8-A and Form 8-A/A, filed on June 18, 1992 and
March 26, 2001, respectively, under Section 12(g) of the Exchange Act,
including any amendments or reports filed for the purpose of updating such
description.
All documents filed by the Registrant pursuant to Sections 13(a), 13(c),
14 and 15(d) of the Exchange Act after the date hereof, and prior to the filing
of a post-effective amendment which indicates that the securities offered
hereby have been sold or which deregisters the securities offered hereby then
remaining unsold, shall also be deemed to be incorporated by reference into
this Registration Statement and to be a part hereof commencing on the
respective dates on which such documents are filed.
Item 4. DESCRIPTION OF SECURITIES
Not applicable.
Item 5. INTERESTS OF NAMED EXPERTS AND COUNSEL
None.
Item 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS
Article VIII of the Registrant's Amended and Restated Bylaws authorizes
the Registrant to indemnify any present or former director or officer to the
fullest extent authorized by the Washington Business Corporation Act (the
"WBCA") or other applicable law against liabilities and losses incurred in
connection with serving as a director or officer. Sections 23B.08.510 and
23B.08.570 of the WBCA authorize a corporation to indemnify its directors,
officers, employees or agents against liability incurred in a proceeding if (a)
the individual acted in good faith, (b) the individual reasonably believed (i)
in the case of conduct in the individual's capacity with the corporation, that
his or her conduct was in the corporation's best interests and (ii) in all
other cases, that his or her conduct was at least not opposed to its best
interests and (c) in the case of criminal proceedings, the individual had no
reasonable cause to believe his or her conduct was unlawful.
Article 9 of the Registrant's Amended and Restated Articles of
Incorporation, as amended, provides that, to the fullest extent that the WBCA
permits the limitation or elimination of directors' liability, a director shall
not be liable to the Registrant or its shareholders for monetary damages as a
result of acts or omissions as a director.
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The Registrant maintains directors' and officers' liability insurance
under which the Registrant's directors and officers are insured against loss
(as defined in the policy) as a result of claims brought against them for their
wrongful acts in such capacities.
Item 7. EXEMPTION FROM REGISTRATION CLAIMED
For the issuance by the Registrant of 35,186 shares of Common Stock which
are being reoffered pursuant to a prospectus filed with this Registration
Statement, the Registrant relied on Regulation S promulgated under the
Securities Act, which provides an exemption from the registration requirements
for securities offered by an issuer pursuant to an employee benefit plan
established and administered in accordance with the laws of a country other
than the United States.
Item 8. EXHIBITS
Exhibit
Number
Description
5.1
Opinion of Perkins Coie LLP regarding legality of the Common Stock being offered.
10.1
Starbucks Corporation UK Share Save Plan (incorporated by reference to Exhibit
10.9 to the Registrant's Annual Report on Form 10-K, filed on December 23,
2003).
23.1
Consent of Deloitte & Touche LLP.
23.2
Consent of Perkins Coie LLP (included in opinion filed as Exhibit 5.1).
24.1
Power of Attorney (see signature page).
Item 9. UNDERTAKINGS
A.     The undersigned Registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a
post-effective amendment to this Registration Statement:
(i) To include any prospectus required by Section 10(a)(3) of the
Securities Act;
(ii) To reflect in the prospectus any facts or events arising after the
effective date of this Registration Statement (or the most recent
post-effective amendment thereof) which, individually or in the aggregate,
represent a fundamental change in the information set forth in this
Registration Statement; and
(iii) To include any material information with respect to the plan of
distribution not previously disclosed in this Registration Statement or any
material change to such information in this Registration Statement;
provided, however, that paragraphs (1)(i) and (1)(ii) above do not apply if the
information required to be included in a post-effective amendment by those
paragraphs is contained in periodic reports filed by the Registrant pursuant to
Section 13 or 15(d) of the Exchange Act that are incorporated by reference in
this Registration Statement.
(2)  That, for the purpose of determining any liability under the
Securities Act, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.
(3)  To remove from registration by means of a post-effective amendment any
of the securities being registered which remain unsold at the termination of
the offering.
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B.     The undersigned Registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act, each filing of the
Registrant's annual report pursuant to Section 13(a) or 15(d) of the Exchange
Act (and, where applicable, each filing of an employee benefits plan's annual
report pursuant to Section 15(d) of the Exchange Act) that is incorporated by
reference in this Registration Statement shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.
C.     Insofar as indemnification for liabilities arising under the Securities Act
may be permitted to directors, officers and controlling persons of the
Registrant pursuant to the foregoing provisions, or otherwise, the Registrant
has been advised that, in the opinion of the Commission, such indemnification
is against public policy as expressed in the Securities Act and is, therefore,
unenforceable. In the event that a claim for indemnification against such
liabilities (other than the payment by the Registrant of expenses incurred or
paid by a director, officer or controlling person of the Registrant in the
successful defense of any action, suit or proceeding) is asserted by such
director, officer or controlling person in connection with the securities being
registered, the Registrant will, unless in the opinion of its counsel the
matter has been settled by controlling precedent, submit to a court of
appropriate jurisdiction the question whether such indemnification by it is
against public policy as expressed in the Securities Act and will be governed
by the final adjudication of such issue.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Seattle, State of Washington, on this 27th day of
February, 2004.
STARBUCKS CORPORATION
/s/ Orin C. Smith
By:
Orin C. Smith
president and chief executive officer
POWER OF ATTORNEY
Each person whose individual signature appears below hereby authorizes
Howard Schultz and Orin C. Smith, or either of them, as attorneys-in-fact with
full power of substitution, to execute in the name and on the behalf of each
person, individually and in each capacity stated below, and to file, any and
all post-effective amendments to this Registration Statement.
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities indicated below on this 27th day of February, 2004.
Signature
Title
/s/ Howard Schultz
Howard Schultz
director, chairman and chief global strategist
/s/ Orin C. Smith
Orin C. Smith
director, president and chief executive officer
(principal executive officer)
/s/ Michael Casey
Michael Casey
executive vice president, chief financial officer and
chief administrative officer (principal financial and
accounting officer)
/s/ Barbara Bass
Barbara Bass
director
/s/ Howard Behar
Howard Behar
director
/s/ William W. (Bill) Bradley
William W. (Bill) Bradley
director
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Signature
Title
/s/ Craig J. Foley
Craig J. Foley
director
/s/ Olden Lee
Olden Lee
director
/s/ Gregory B. Maffei
Gregory B. Maffei
director
/s/ Arlen I. Prentice
Arlen I. Prentice
director
/s/ James G. Shennan, Jr.
James G. Shennan, Jr.
director
/s/ Myron E. Ullman, III
Myron E. Ullman, III
director
/s/ Craig E. Weatherup
Craig E. Weatherup
director
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INDEX TO EXHIBITS
Exhibit
Number
Description
5.1
Opinion of Perkins Coie LLP regarding legality of the Common Stock being offered.
10.1
Starbucks Corporation UK Share Save Plan (incorporated by reference to Exhibit
10.9 to the Registrant's Annual Report on Form 10-K, filed on December 23,
2003).
23.1
Consent of Deloitte & Touche LLP.
23.2
Consent of Perkins Coie LLP (included in opinion filed as Exhibit 5.1).
24.1
Power of Attorney (see signature page).