BROWN FORMAN CORP — Director's Dealing 2013

Mar 28, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN FORMAN CORP (BFA, BFB)
CIK: 0000014693
Period of Report: 2013-03-26

Reporting Person: STUBBS DACE BROWN (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-03-26	Class B Common	M	6253	$18.94	Acquired	308282.5	Direct
2013-03-26	Class B Common	F	1711	$69.23	Disposed	306571.5	Direct
2013-03-26	Class B Common	S	4542	$69.93	Disposed	302029.5	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-03-26	Non-Qualified Stock Option (right to buy)	$18.94	M	6253	Disposed	2013-04-30	Class B Common (6253)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common	101409.7	Direct
Class A Common	235495	Indirect
Class A Common	2379.1	Indirect
Class A Common	1758.7	Indirect
Class A Common	3882267	Indirect
Class B Common	175000	Indirect
Class B Common	577566	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualified Stock Option (right to buy)	$22.49	2014-04-30	Class B Common (4867)	4867	Direct
Stock Appreciation Rights	$28.58	2015-04-30	Class B Common (5658)	5658	Direct
Stock Appreciation Rights	$34.95	2016-04-30	Class B Common (4819)	4819	Direct
Stock Appreciation Rights	$33.76	2017-04-30	Class B Common (5987)	5987	Direct
Stock Appreciation Rights	$35.51	2018-04-30	Class B Common (5495)	5495	Direct
Stock Appreciation Rights	$27.05	2019-04-30	Class B Common (6752)	6752	Direct
Stock Appreciation Rights	$		Class B Common (3306.95)	3306.95	Direct

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $69.82 to $70.04 inclusive. The reporting person undertakes to provide to Brown-Forman Corporation, any security holder of Brown-Forman Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F2: Under the Brown-Forman Corporation Non-Employee Director Deferred Stock Unit Program each DSU represents the right to receive one share of the Company's Class B common stock.

F3: Annual grants of DSUs vest over the course of the Board year. DSUs are paid out in class B common stock on the first February 1 that is at least six months following the Director's termination from Board service.