BROWN FORMAN CORP — Director's Dealing 2016

Aug 1, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN FORMAN CORP (BFA, BFB)
CIK: 0000014693
Period of Report: 2016-07-28

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-07-28	Deferred Stock Units	$	A	1093.7797	Acquired		Class A Common (1093.7797)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common	517105	Direct
Class A Common	12	Indirect
Class A Common	2742	Indirect
Class A Common	20687	Indirect
Class A Common	241142	Indirect
Class A Common	18	Indirect
Class B Common	5109	Indirect
Class B Common	12244	Indirect
Class A Common	21728	Indirect
Class B Common	95485	Indirect
Class B Common	202339	Indirect
Class B Common	52591	Direct
Class A Common	885	Indirect
Class A Common	316837	Indirect
Class A Common	20439	Indirect
Class B Common	546	Indirect
Class B Common	12244	Indirect
Class B Common	11334	Indirect
Class B Common	174280	Indirect
Class A Common	115886	Indirect
Class A Common	21728	Indirect
Class B Common	51448	Indirect
Class B Common	910	Indirect
Class A Common	30472	Indirect
Class A Common	3330115	Indirect
Class B Common	215284	Indirect
Class B Common	45671	Indirect
Class B Common	20805	Indirect
Class B Common	6703641	Indirect

Footnotes

F1: 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. Grants made on July 28, 2016, were based on the closing price of the Company's Class A common stock on that date ($XXX.XX). On each dividend payment date, participants are credited with DSU equivalents, and the DSU total on this form has been updated to reflect such credits.

F2: 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.