BROWN FORMAN CORP — Director's Dealing 2015

Jan 12, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN FORMAN CORP (BF'B)
CIK: 0000014693
Period of Report: 2015-01-09

Reporting Person: Fitzgerald Brian P (VP, Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-01-09	Class B Common	M	570.0000	$28.5800	Acquired	570.0000	Direct
2015-01-09	Class B Common	S	230.0000	$90.3416	Disposed	340.0000	Direct
2015-01-09	Class B Common	F	340.0000	$90.1400	Disposed	0.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-01-09	Stock Appreciation Right	$28.5800	M	570.0000	Disposed	2015-04-30	Class B Common (570.0000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$34.9500	2016-04-30	Class B Common (1721.0000)	1721.0000	Direct
Stock Appreciation Right	$33.7600	2017-04-30	Class B Common (2637.0000)	2637.0000	Direct
Stock Appreciation Right	$35.5100	2018-04-30	Class B Common (2422.0000)	2422.0000	Direct
Stock Appreciation Right	$27.0500	2019-04-30	Class B Common (4728.0000)	4728.0000	Direct
Stock Appreciation Right	$38.4300	2020-04-30	Class B Common (3969.0000)	3969.0000	Direct
Stock Appreciation Right	$46.4000	2021-04-30	Class B Common (3739.0000)	3739.0000	Direct
Stock Appreciation Right	$58.7000	2022-04-30	Class B Common (3474.0000)	3474.0000	Direct
Stock Appreciation Right	$72.4200	2023-04-30	Class B Common (5762.0000)	5762.0000	Direct
Stock Appreciation Right	$91.9700	2024-04-30	Class B Common (4446.0000)	4446.0000	Direct

Footnotes

F1: The closing price of BF-B ($90.14) on January 8, 2015 was used to calculate the tax withholding obligation.