Ownership Submission
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

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(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
WALKER COLIN
   2. Issuer Name and Ticker or Trading Symbol
COTT CORP /CN/ [COT] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
SVP, Corporate Resources
(Last)
(First)
(Middle)
175 MERIDENE CRESCENT		 3. Date of Earliest Transaction (Month/Day/Year)
07/27/2005
(Street)

LONDON, A6 N5X 1G3		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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 Shares 07/27/2005   M   60,000 A $ 13.98 (1) 90,004.593 D  
Common Shares 07/27/2005   S   5,500 D $ 23.06 (2) 84,504.593 D  
Common Shares 07/27/2005   S   3,000 D $ 23.13 (3) 81,504.593 D  
Common Shares 07/27/2005   S   1,300 D $ 23.14 (4) 80,204.539 D  
Common Shares 07/27/2005   S   1,400 D $ 23.15 (5) 78,804.539 D  
Common Shares 07/27/2005   S   9,100 D $ 23.17 (6) 69,704.593 D  
Common Shares 07/27/2005   S   400 D $ 23.18 (7) 69,304.539 D  
Common Shares 07/27/2005   S   1,900 D $ 23.19 (8) 67,404.593 D  
Common Shares 07/27/2005   S   5,000 D $ 23.2 (9) 62,404.593 D  
Common Shares 07/27/2005   S   3,000 D $ 23.23 (10) 59,404.593 D  
Common Shares 07/27/2005   S   5,100 D $ 23.24 (11) 54,304.593 D  
Common Shares 07/27/2005   S   2,300 D $ 23.25 (12) 52,004.593 D  
Common Shares 07/27/2005   S   16,400 D $ 23.25 (13) 35,604.539 D  
Common Shares 07/27/2005   S   300 D $ 23.26 (14) 35,304.593 D  
Common Shares 07/27/2005   S   2,200 D $ 23.29 (15) 33,104.593 D  
Common Shares 07/27/2005   S   2,000 D $ 23.33 (16) 31,104.593 D  
Common Shares 07/27/2005   S   1,100 D $ 23.35 (17) 30,004.593 (18) D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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. SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(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
Stock Options $ 13.98 (19) 07/27/2005   M     60,000   (20) 07/18/2008 Common Shares 60,000 $ 0 0 (21) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
WALKER COLIN
175 MERIDENE CRESCENT
LONDON, A6 N5X 1G3		       SVP, Corporate Resources  

Signatures

 Andrea Szanto, by power of attorney   07/28/2005
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) The U.S. dollar price represents the conversion of (Cdn)$17.25 to U.S. dollars on the transaction date.
(2) The U.S. dollar price represents the conversion of (Cdn)$28.46 to U.S. dollars on the transaction date.
(3) The U.S. dollar price represents the conversion of (Cdn)$28.55 to U.S. dollars on the transaction date.
(4) The U.S. dollar price represents the conversion of (Cdn)$28.56 to U.S. dollars on the transaction date.
(5) The U.S. dollar price represents the conversion of (Cdn)$28.57 to U.S. dollars on the transaction date.
(6) The U.S. dollar price represents the conversion of (Cdn)$28.60 to U.S. dollars on the transaction date.
(7) The U.S. dollar price represents the conversion of (Cdn)$28.61 to U.S. dollars on the transaction date.
(8) The U.S. dollar price represents the conversion of (Cdn)$28.62 to U.S. dollars on the transaction date.
(9) The U.S. dollar price represents the conversion of (Cdn)$28.63 to U.S. dollars on the transaction date.
(10) The U.S. dollar price represents the conversion of (Cdn)$28.67 to U.S. dollars on the transaction date.
(11) The U.S. dollar price represents the conversion of (Cdn)$28.68 to U.S. dollars on the transaction date.
(12) The U.S. dollar price represents the conversion of (Cdn)$28.69 to U.S. dollars on the transaction date.
(13) The U.S. dollar price represents the conversion of (Cdn)$28.70 to U.S. dollars on the transaction date.
(14) The U.S. dollar price represents the conversion of (Cdn)$28.71 to U.S. dollars on the transaction date.
(15) The U.S. dollar price represents the conversion of (Cdn)$28.75 to U.S. dollars on the transaction date.
(16) The U.S. dollar price represents the conversion of (Cdn)$28.80 to U.S. dollars on the transaction date.
(17) The U.S. dollar price represents the conversion of (Cdn)$28.82 to U.S. dollars on the transaction date.
(18) Includes 24,846 Shares held directly; 0.633 vested Shares held in trust pursuant to the Executive Investment Share Purchase Plan (the "Plan") that vested on or before 01/02/05 and 5,157.96 vested Shares held in trust under the Canadian Employee Share Purchase Plan (as at 06/30/05). The reporting individual also holds indirectly 8,211.585 unvested Shares held in trust that were acquired pursuant to the Plan in 2003, 2004 and 2005; and 352.613 unvested Shares held in trust under the Canadian Employee Share Purchase Plan (as at 06/30/05).
(19) The exercise price is (Cdn)$17.25 under the terms of the option plan pursuant to which Mr. Walker received the Stock Options. The price found in column 2 above represents the conversion of (Cdn)$17.25 to U.S. dollars on the date of the exercise.
(20) The stock options were granted pursuant to the Cott Corporation 1986 Common Share Option Plan, as amended, and vest over a period of three years with 30% vesting on each of July 20, 2006 and July 20, 2007, and 40% vesting on July 20, 2008.
(21) The number includes only those of the particular class of options.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.