X0201 4 2004-02-23 0000310569 ANHEUSER BUSCH COMPANIES INC BUD 0001179833 SELLINGER JOSEPH P ONE BUSCH PLACE ST. LOUIS MO 63118-1852 0 1 0 0 VP and Group Executive Common Stock ($1 par value) 2004-02-23 4 M 0 70390 21.6875 A 119730 D Common Stock ($1 par value) 2004-02-23 4 S 0 1000 53.06 D 118730 D Common Stock ($1 par value) 2004-02-23 4 S 0 500 53.07 D 118230 D Common Stock ($1 par value) 2004-02-23 4 S 0 2900 53.10 D 115330 D Common Stock ($1 par value) 2004-02-23 4 S 0 800 53.11 D 114530 D Common Stock ($1 par value) 2004-02-23 4 S 0 1000 53.12 D 113530 D Common Stock ($1 par value) 2004-02-23 4 S 0 5000 53.14 D 108530 D Common Stock ($1 par value) 2004-02-23 4 S 0 14000 53.17 D 94530 D Common Stock ($1 par value) 2004-02-23 4 S 0 5200 53.18 D 89330 D Common Stock ($1 par value) 2004-02-23 4 S 0 2900 53.19 D 86430 D Common Stock ($1 par value) 2004-02-23 4 S 0 4100 53.20 D 82330 D Common Stock ($1 par value) 2004-02-23 4 S 0 400 53.21 D 81930 D Common Stock ($1 par value) 2004-02-23 4 S 0 800 53.22 D 81130 D Common Stock ($1 par value) 2004-02-23 4 S 0 290 53.23 D 80840 D Common Stock ($1 par value) 2004-02-23 4 S 0 1900 53.24 D 78940 D Common Stock ($1 par value) 2004-02-23 4 S 0 29600 53.25 D 49340 D Common Stock ($1 par value) 11338 I 401(k) Plan Employee Stock Option (right to buy) - NQ 21.6875 2004-02-23 4 M 0 70390 0 D 2007-11-25 Common Stock 70390 0 D Phantom Stock Units Common Stock 3179 D In connection with the Rights Agreement adopted by the Company, Preferred Stock Purchase Rights were distributed to shareholders and are deemed to be attached to the shares of Common Stock of the Company listed on this Form. One-quarter of a Preferred Stock Purchase Right is attached to each share of common stock. If and when the Rights become exercisable, the holder of each Right initially would be entitled to purchase one one-hundredth of a share of Series Junior B Participating Preferred Stock at a purchase price of $195 (both the number of fractional shares and the purchase price are subject to adjustment). Based on the latest plan statement as of September 30, 2003. Options became exercisable in equal installments over a three year period commencing one year following the date of grant. This security converts to Common Stock on a 1-for-1 basis. Anheuser-Busch 401(k) Restoration Plan. Laura H. Reeves, Attorney-in-Fact for Joseph P. Sellinger 2004-02-24