BROWN FORMAN CORP — Director's Dealing 2015

May 4, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN FORMAN CORP (BF'B)
CIK: 0000014693
Period of Report: 2015-04-30

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-04-30	Class A Common	F	19442.0000	$92.3300	Disposed	223695.0000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common	67902.0000	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	$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
Stock Appreciation Right	$72.4200	2023-04-30	Class B Common (62332.0000)	62332.0000	Direct
Stock Appreciation Right	$91.9700	2024-04-30	Class B Common (61023.0000)	61023.0000	Direct

Footnotes

F1: To satisfy withholding obligations associated with the July 28, 2011 grant of Class A common stock that vested on April 30, 2015, the reporting person surrendered 19,442 shares of Class A common stock.

F2: The closing price of BF-A ($92.33) on April 30, 2015 was used to calculate the withholding obligation.