BROWN FORMAN CORP — Director's Dealing 2015

Jun 23, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN FORMAN CORP (BF'B)
CIK: 0000014693
Period of Report: 2015-06-19

Reporting Person: Hawley Kirsten M (SVP Chief Human Resource OFC)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-06-19	Class B Common	M	2165.0000	$46.4000	Acquired	2169.0000	Direct
2015-06-19	Class B Common	F	419.0000	$101.6000	Disposed	1750.0000	Direct
2015-06-19	Class B Common	S	757.0000	$101.0982	Disposed	993.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-06-19	Stock Appreciation Right	$46.4000	M	2165.0000	Disposed	2021-04-30	Class B Common (2165.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common	21.0000	Direct
Class B Common	1964.9493	Indirect
Class A Common	6.2996	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$58.7000	2022-04-30	Class B Common (1960.0000)	1960.0000	Direct
Stock Appreciation Right	$72.4200	2023-04-30	Class B Common (2518.0000)	2518.0000	Direct
Stock Appreciation Right	$91.9700	2024-04-30	Class B Common (2223.0000)	2223.0000	Direct

Footnotes

F1: The closing price of BF-B ($101.60) on June 18, 2015 was used to calculate the withholding obligation.

F2: Number of shares acquired through issuer's 401(k) plan as of June 19, 2015.

F3: Number of shares acquired through the issuer's dividend reinvestment plan as of June 19, 2015.