FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

SCHULTZ HOWARD D
2. Issuer Name and Ticker or Trading Symbol

STARBUCKS CORP [ SBUX ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
chairman, president and ceo
(Last)          (First)          (Middle)

2401 UTAH AVENUE SOUTH, SUITE 800
3. Date of Earliest Transaction (MM/DD/YYYY)

3/13/2012
(Street)

SEATTLE, WA 98134
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   12/16/2011     G   V 200000   D $ 0   17620456   D    
Common Stock   2/1/2012     G   V 740700   D $ 0   0   I   by spouse  
Common Stock   2/1/2012     G   V 740700   D $ 0   0   I   by GRAT  
Common Stock   3/13/2012     M    1100000   A $15.23   18720456   D    
Common Stock   3/13/2012     S    1100000   D $52.0527   (1) 17620456   D    
Common Stock   3/14/2012     M    234700   A $8.64   17855156   D    
Common Stock   3/14/2012     S    234700   D $52.7906   (2) 17620456   D    
Common Stock   3/15/2012     M    400300   A $8.64   18020756   D    
Common Stock   3/15/2012     S    400300   D $52.885   (3) 17620456   D    
Common Stock                  295000   I   Family Owned LLC  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-qualified Stock Option (Right to Buy)   $15.23   3/13/2012     M         1100000      (4) 11/20/2013   Common Stock   1100000   $ 0   0   D    
Non-qualified Stock Option (Right to Buy)   $8.64   3/14/2012     M         234700      (5) 11/17/2018   Common Stock   234700   $ 0   2480247   D    
Non-qualified Stock Option (Right to Buy)   $8.64   3/15/2012     M         400300      (5) 11/17/2018   Common Stock   400300   $ 0   2079947   D    

Explanation of Responses:
( 1)  This transaction was executed in multiple trades at prices ranging from $51.9300 to $52.1268. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
( 2)  This transaction was executed in multiple trades at prices ranging from $52.7200 to $52.9100. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
( 3)  This transaction was executed in multiple trades at prices ranging from $52.8400 to $52.9900. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
( 4)  The option became exercisable in two increments of 366,667 shares each on October 1, 2004 and October 1, 2005 and one increment of 366,666 shares on October 1, 2006. The option expires on November 20, 2013.
( 5)  The option became exercisable in three increments of 678,737 shares each on November 17, 2009, November 17, 2010 and November 17, 2011, and becomes exercisable in one increment of 678,736 shares on November 17, 2012. The option expires on November 17, 2018.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
SCHULTZ HOWARD D
2401 UTAH AVENUE SOUTH, SUITE 800
SEATTLE, WA 98134
X
chairman, president and ceo

Signatures
/s/ Alejandro C. Torres, attorney-in-fact for Howard Schultz 3/15/2012
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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