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BROWN FORMAN CORP — Director's Dealing 2015
Mar 11, 2015
30482_dirs_2015-03-11_05519201-1eda-4edb-87f4-e6df7bed64d9.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: 2015-03-09
Reporting Person: STUBBS DACE BROWN (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-12-16 | Class B Common | G | 7900.0000 | $0.0000 | Disposed | 294129.5000 | Direct |
| 2015-03-09 | Class B Common | M | 5658.0000 | $28.5800 | Acquired | 299787.5000 | Direct |
| 2015-03-09 | Class B Common | F | 1822.0000 | $88.7600 | Disposed | 297965.5000 | Direct |
| 2015-03-09 | Class B Common | S | 3836.0000 | $89.1021 | Disposed | 294129.5000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-03-09 | Stock Appreciation Right | $28.5800 | M | 5658.0000 | Disposed | 2015-04-30 | Class B Common (5658.0000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common | 101409.7000 | Direct |
| Class A Common | 2379.1000 | Indirect |
| Class A Common | 1758.7000 | Indirect |
| Class A Common | 3882267.0000 | Indirect |
| Class B Common | 577566.0000 | Indirect |
| Class A Common | 235495.0000 | Indirect |
| Class B Common | 175000.0000 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Deferred Stock Units | $ | Class A Common (2167.6600) | 2167.6600 | Direct | |
| Deferred Stock Units | $ | Class B Common (3377.6700) | 3377.6700 | Direct | |
| Stock Appreciation Right | $27.0500 | 2019-04-30 | Class B Common (6752.0000) | 6752.0000 | Direct |
| Stock Appreciation Right | $35.5100 | 2018-04-30 | Class B Common (5495.0000) | 5495.0000 | Direct |
| Stock Appreciation Right | $33.7600 | 2017-04-30 | Class B Common (5987.0000) | 5987.0000 | Direct |
| Stock Appreciation Right | $34.9500 | 2016-04-30 | Class B Common (4819.0000) | 4819.0000 | Direct |
Footnotes
F1: The closing price of BF-B ($88.76) on March 8, 2015 was used to calculate the tax withholding obligation.
F2: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $89.10 to $89.105, inclusive. The reporting person undertakes to provide to Brown-Forman Corporation, any security holder of Brown-Forman Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F3: Under the Brown-Forman Corporation Non-Employee Director Deferred Stock Unit Progam each DSU represents the right to receive one share the the Company's Class A common stock. On each dividend payment date, participants are credited with DSU equivalents.
F4: Annual grants of DSUs vest over the course of the Board year. DSUs are paid out in Class A common stock on the first February 1 that is at least six months following the Director's termination from Board service.
F5: Under the Brown-Forman Corporation Non-Employee Director Deferred Stock Unit Program each DSU represents the right to receive one share the the Company's Class B common stock. On each dividend payment date, participants are credited with DSU equivalents.
F6: Annual grants of DSUs vest over the course of the Board year. DSUs are paid out in Class B common stock on the first February 1 that is at least six monts following the Director's termination from Board service.