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: Hamel Matthew E (EVP, Gen Counsel and Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-04-30	Class A Common	F	1291.0000	$92.3300	Disposed	7591.0000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common	4685.7520	Indirect
Class A Common	480.5819	Indirect
Class B Common	1100.3395	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$33.6500	2017-04-30	Class B Common (15159.0000)	15159.0000	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 (29998.0000)	29998.0000	Direct
Stock Appreciation Right	$38.4300	2020-04-30	Class B Common (25177.0000)	25177.0000	Direct
Stock Appreciation Right	$46.4000	2021-04-30	Class B Common (23942.0000)	23942.0000	Direct
Stock Appreciation Right	$58.7000	2022-04-30	Class B Common (22195.0000)	22195.0000	Direct
Stock Appreciation Right	$72.4200	2023-04-30	Class B Common (16847.0000)	16847.0000	Direct
Stock Appreciation Right	$91.9700	2024-04-30	Class B Common (13222.0000)	13222.0000	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 1,291 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.

F3: Number of shares acquired through the issuer's 401(k) plan as of April 13, 2015.

F4: Number of shares acquired through the issuer's dividend reinvestment plan as of April 14, 2015.

F5: Number of shares acquired through the issuer's employee stock purchase program as of April 14, 2015.