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: McCallum Mark I (EVP/Pres. Jack Daniel's Brands)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-04-30	Class A Common	F	4112.0000	$92.3300	Disposed	25736.5000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common	12732.0000	Direct
Class B Common	27.0000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$33.7600	2017-04-30	Class B Common (15957.0000)	15957.0000	Direct
Stock Appreciation Right	$35.5100	2018-04-30	Class B Common (14647.0000)	14647.0000	Direct
Stock Appreciation Right	$27.0500	2019-04-30	Class B Common (23437.0000)	23437.0000	Direct
Stock Appreciation Right	$38.4300	2020-04-30	Class B Common (20455.0000)	20455.0000	Direct
Stock Appreciation Right	$46.4000	2021-04-30	Class B Common (23144.0000)	23144.0000	Direct
Stock Appreciation Right	$58.7000	2022-04-30	Class B Common (24859.0000)	24859.0000	Direct
Stock Appreciation Right	$72.4200	2023-04-30	Class B Common (15971.0000)	15971.0000	Direct
Stock Appreciation Right	$91.9700	2024-04-30	Class B Common (13677.0000)	13677.0000	Direct
Stock Appreciation Right	$34.9500	2016-04-30	Class B Common (4615.0000)	4615.0000	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 4,112 shares of Class A common stock

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