BROWN FORMAN CORP — Director's Dealing 2016

Dec 28, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN FORMAN CORP (BFA, BFB)
CIK: 0000014693
Period of Report: 2016-12-22

Reporting Person: Holland Augusta Brown (Director, 10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common	430568	Indirect
Class A Common	633674	Indirect
Class B Common	1930	Indirect
Class B Common	404678	Indirect
Class A Common	1770	Indirect
Class A Common	24	Indirect
Class B Common	102896	Indirect
Class B Common	190970	Indirect
Class A Common	6660230	Indirect
Class B Common	13407282	Indirect
Class B Common	10218	Indirect
Class A Common	40878	Indirect
Class B Common	348560	Indirect
Class B Common	1820	Indirect
Class B Common	192392	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Deferred Stock Units	$		Class A Common (3381.661)	3381.661	Direct
Deferred Stock Units	$		Class A Common (1183.28)	1183.28	Direct

Footnotes

F1: In August 2016, the Class A and Class B common stock of Brown-Forman Corporation split 2-1, resulting in the reporting person's acquisition of 215,284 additional shares.

F2: Reflects the acquisition of 316,837 additional shares in the August 2016 stock split.

F3: Reflects the acquisition of 962 additional shares in the August 2016 stock split, and the correction of a prior mathematical error.

F4: Reflects the acquisition of 202,339 additional shares in the August 2016 stock split.

F5: Reflects the acquisition of 885 additional shares in the August 2016 stock split.

F6: Reflects the acquisition of 12 additional shares in the August 2016 stock split.

F7: Reflects the acquisition of 51,448 additional shares in the August 2016 stock split.

F8: Reflects the acquisition of 95,485 additional shares in the August 2016 stock split.

F9: Reflects the acquisition of 3,330,115 additional shares in the August 2016 stock split.

F10: Reflects the acquisition of 6,703,641 additional shares in the August 2016 stock split.

F11: Reflects the acquisition of 5,109 additional shares in the August 2016 stock split.

F12: Reflects the acquisition of 20,439 additional shares in the August 2016 stock split.

F13: Reflects the acquisition of 174,280 additional shares in the August 2016 stock split.

F14: Reflects the acquisition of 910 additional shares in the August 2016 stock split.

F15: Reflects the acquisition of 96,196 additional shares in the August 2016 stock split.

F16: Under the Brown-Forman Corporation Non-Employee Director Deferred Stock Unit Program, each DSU represents the right to receive one share of the Company's Class A common stock. On each dividend payment date, participants are credited with DSU equivalents.

F17: 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.

F18: Updated to reflect the August 2016 stock split.

F19: Under the Brown-Forman Non-Employee Director Deferred Stock Unit Program each DSU represents the right to receive one share of the Company's Class A common stock. On each dividend payment date, participants are credited with DSU equivalents.

F20: Updated to reflect the August 2016 stock split.