BROWN FORMAN CORP — Director's Dealing 2015

May 19, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN FORMAN CORP (BF'B)
CIK: 0000014693
Period of Report: 2015-05-18

Reporting Person: Brown Christina Lee (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-05-18	Class B Common	M	5311.0000	$33.6500	Acquired	5311.0000	Direct
2015-05-18	Class B Common	F	1881.0000	$95.0500	Disposed	3430.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-05-18	Stock Appreciation Right	$33.6500	M	5311.0000	Disposed	2015-07-24	Class B Common (5311.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common	253368.0000	Direct
Class B Common	62404.0000	Indirect
Class B Common	1980.0000	Indirect
Class B Common	253176.0000	Indirect
Class A Common	3330114.0000	Indirect
Class B Common	6703641.0000	Indirect
Class A Common	504775.0000	Indirect
Class B Common	126193.0000	Indirect
Class A Common	1277100.0000	Indirect
Class B Common	343600.0000	Indirect
Class A Common	67714.0000	Indirect

Footnotes

F1: Totals updated to reflect the transfer of 62,404 Class B shares to Blue Heron Holdings LLC.

F2: The closing price of BF-B ($95.05) on May 15, 2015 was used to calculate the withholding obligation.

F3: Name of account has been updated.