X0303 4 2008-11-18 1 0000310569 ANHEUSER-BUSCH COMPANIES, INC. BUD 0001168683 SHELTON GENERAL HENRY HUGH 331 HOLLY LANE NEWPORT NC 28570 1 0 0 0 Common Stock ($1 par value) 2008-11-18 2008-11-18 4 D 0 9347 70.00 D 0 D Stock Options 42.945 2008-11-18 2008-11-18 4 D 0 5000 27.055 D Common Stock 5000 0 D Stock Options 53.515 2008-11-18 2008-11-18 4 D 0 5000 16.485 D Common Stock 5000 0 D Stock Options 49.59 2008-11-18 2008-11-18 4 D 0 5000 20.41 D Common Stock 5000 0 D Stock Options 51.20 2008-11-18 2008-11-18 4 D 0 5000 18.80 D Common Stock 5000 0 D Stock Options 47.32 2008-11-18 2008-11-18 4 D 0 5000 22.68 D Common Stock 5000 0 D Stock Options 44.85 2008-11-18 2008-11-18 4 D 0 5000 25.15 D Common Stock 5000 0 D Stock Options 49.435 2008-11-18 2008-11-18 4 D 0 5000 20.565 D Common Stock 5000 0 D Phantom Stock Units 2008-11-18 2008-11-18 4 D 0 1091 70.00 D Common Stock 1091 0 D Deferred Stock Units 2008-11-18 2008-11-18 4 D 0 2440 70.00 D Common Stock 2440 0 D Pursuant to the Agreement and Plan of Merger by and among the Company, InBev N.V/S.A. and Pestalozzi Acquisition Corp. dated July 13, 2008, these shares were cancelled at the effective time of the merger in exchange for cash equal to the product of (a) the number of shares and (b) the per share merger consideration of $70.00. Pursuant to the Agreement and Plan of Merger by and among the Company, InBev N.V/S.A. and Pestalozzi Acquisition Corp. dated July 13, 2008, each outstanding unexercised option, whether vested or unvested, was cancelled at the effective time of the merger in exchange for cash equal to the product of (a) the number of shares underlying such option and (b) the excess of the per share merger consideration of $70.00 over the per share exercise price of such option, less any applicable tax withholding. This security converts to Common Stock on a 1-for-1 basis. Pursuant to the Agreement and Plan of Merger by and among the Company, InBev N.V/S.A. and Pestalozzi Acquisition Corp. dated July 13, 2008, all Phantom Stock Units, each of which represents the value of one actual share of Common Stock and have no exercise feature or expiration date, were cancelled at the effective time of the merger for cash equal to the product of (a) the number of shares underlying the Phantom Stock Units and (b) the per share merger consideration of $70.00, less any applicable tax withholding. Pursuant to the Agreement and Plan of Merger by and among the Company, InBev N.V/S.A. and Pestalozzi Acquisition Corp. dated July 13, 2008, these Deferred Stock Units, each of which represents the value of one actual share of Common Stock and have no exercise feature or expiration date, were cancelled at the effective time of the merger in exchange for cash equal to the product of (a) the number of shares underlying the Deferred Stock Units and (b) the per share merger consideration of $70.00, less any applicable tax withholding. Laura H. Reeves, Attorney-in-Fact for Henry Hugh Shelton 2008-11-19