BROWN FORMAN CORP — Director's Dealing 2013

Jul 30, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN FORMAN CORP (BF'B)
CIK: 0000014693
Period of Report: 2013-07-25

Reporting Person: VARGA PAUL C (Director, Chairman & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-07-25	Class A Common	A	67513.0000	$0.0000	Acquired	216182.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-07-25	Stock Appreciation Right	$72.4200	A	67386.0000	Acquired	2023-04-30	Class B Common (67386.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common	28329.0000	Direct
Class A Common	222.0000	Indirect
Class B Common	33031.0000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$38.4300	2020-04-30	Class B Common (135946.0000)	135946.0000	Direct
Stock Appreciation Right	$46.4000	2021-04-30	Class B Common (95761.0000)	95761.0000	Direct
Stock Appreciation Right	$58.7000	2022-04-30	Class B Common (92514.0000)	92514.0000	Direct

Footnotes

F1: These restricted shares of Class A common stock (the "Restricted Shares") were issued on July 25, 2013. The Restricted Shares are subject to certain performance conditions over the period beginning May 1, 2013 and ending April 30, 2018. If the performance conditions are satisfied as of April 30, 2018, the restrictions will lapse as to all or a portion of the Restricted Shares on June 1, 2018, subject to the discretion of the Compensation Committee of the Company's Board of Directors.

F2: No money was paid to or received by the reporting person for this SAR.