BROWN FORMAN CORP — Director's Dealing 2016

Oct 18, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN FORMAN CORP (BFA, BFB)
CIK: 0000014693
Period of Report: 2016-10-14

Reporting Person: Steiner Lisa P (SVP, Chief of Staff)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-10-14	Class B Common	S	10510	$45.30	Disposed	0	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common	15292	Direct
Class A Common	1491.4544	Indirect
Class B Common	254.1236	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$36.21	2023-04-30	Class B Common (13478.0)	13478	Direct
Stock Appreciation Right	$45.985	2024-04-30	Class B Common (10934.0)	10934	Direct
Stock Appreciation Right	$51.125	2025-04-30	Class B Common (11282.0)	11282	Direct
Stock Appreciation Right	$49.005	2026-04-30	Class B Common (15014.0)	15014	Direct

Footnotes

F1: Reflects the acquisition of additional shares in the August 2016 stock split. Total also updated to correct prior reporting error.

F2: On August 18, 2016, the Class A and Class B common stock of Brown-Forman Corporation split 2-1, resulting in the reporting person's acquisition of 7,646 additonal shares.

F3: Number of shares acquired through the issuer's dividend reinvestment plan as of October 17, 2016, including additional shares issued in the August 2016 stock split.

F4: Exercise price adjusted as a result of the August 2016 stock split.

F5: Reflects the acquisition of 6,739 additional SSARs in the August 2016 stock split.

F6: Reflects the acquisition of 5,467 additional SSARs in the August 2016 stock split.

F7: Reflects the acquisition of 5,641 additional SSARs in the August 2016 stock split.

F8: Reflects the acquisition of 7,507 additional SSARs in the August 2016 stock split.