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BROWN FORMAN CORP Director's Dealing 2015

Jun 3, 2015

30482_dirs_2015-06-03_253bbd5b-82b4-4837-a297-0819f8daa39c.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN FORMAN CORP (BF'B)
CIK: 0000014693
Period of Report: 2015-06-01

Reporting Person: MORREAU JANE C (SVP, Chief Financial Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2015-06-01 Class A Common A 2846.0000 $0.0000 Acquired 10438.5482 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Class B Common 52.5000 Direct
Class B Common 2791.7517 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Appreciation Right $34.9500 2016-04-30 Class B Common (8400.0000) 8400.0000 Direct
Stock Appreciation Right $33.7600 2017-04-30 Class B Common (9292.0000) 9292.0000 Direct
Stock Appreciation Right $35.5100 2018-04-30 Class B Common (7131.0000) 7131.0000 Direct
Stock Appreciation Right $27.0500 2019-04-30 Class B Common (11463.0000) 11463.0000 Direct
Stock Appreciation Right $38.4300 2020-04-30 Class B Common (12590.0000) 12590.0000 Direct
Stock Appreciation Right $46.4000 2021-04-30 Class B Common (14365.0000) 14365.0000 Direct
Stock Appreciation Right $58.7000 2022-04-30 Class B Common (11098.0000) 11098.0000 Direct
Stock Appreciation Right $72.4200 2023-04-30 Class B Common (9266.0000) 9266.0000 Direct
Stock Appreciation Right $91.9700 2024-04-30 Class B Common (13425.0000) 13425.0000 Direct

Footnotes

F1: These shares were issued on June 1, 2015 in connection with a July 26, 2012 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, 2015. The number of shares issued was determined by multiplying the cash value of the award by a three-year performance adjustment factor, dividing that amount by $60.67, which is the adjusted closing price of the issuer's Class A common stock on the date of the grant, and then adjusting upwards to account for dividends paid during the second and third years of the performance period.

F2: Number of shares acquired through the issuer's employee stock purchase program as of May 28, 2015.