X0202 4 2004-06-03 0000310569 ANHEUSER-BUSCH COMPANIES, INC. BUD 0001179852 KELLY JOHN F ONE BUSCH PLACE ST. LOUIS MO 63118-1852 0 1 0 0 Vice President and Controller Common Stock ($1 par value) 2004-06-03 4 M 0 1300 12.4335 A 30554.6523 D Common Stock ($1 par value) 2004-06-03 4 M 0 10086 20.3438 A 40640.6523 D Common Stock ($1 par value) 2004-06-03 4 S 0 10086 54.00 D 30554.6523 D Common Stock ($1 par value) 16455 I 401(k) Plan Employee Stock Option (right to buy) - ISO 12.4335 2004-06-03 4 M 0 1300 0 D 2004-12-13 Common Stock 1300 0 D Employee Stock Option (right to buy) - NQ 20.3438 2004-06-03 4 M 0 10086 0 D 2006-12-17 Common Stock 10086 0 D Phantom Stock Units Common Stock 1560 D Includes shares held through the company's automatic dividend reinvestment plan. 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 March 31, 2004. Options became exercisable in three equal annual installments beginning on December 14, 1995. Options vested as follows: 15,029 on 12/18/1997; 15,029 on 12/18/1998; 15,028 on 12/18/1999. 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 John F. Kelly 2004-06-07