BROWN FORMAN CORP — Director's Dealing 2013

Jun 4, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN FORMAN CORP (BF'B)
CIK: 0000014693
Period of Report: 2013-06-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-06-01	Class A Common	A	23550.0000	$0.0000	Acquired	148669.0000	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 shares were issued on June 1, 2013 in connection with a July 22, 2010 award of Class A Common Performance-Based Restricted Stock. The award - initially determined as a cash value - was subject to a three-year performance period, which ended April 30, 2013. The number of shares issued was determined by multiplying the cash value of the award by a three-year performance adjustment factor, adjusting upwards to account for dividends paid during the second and third years of the performance period, and then dividing that amount by $41.96, which is the closing price of the issuer's Class A common stock on the date of the grant.