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: Farrer Marshall (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-07-28	Stock Appreciation Right	$98.01	A	1292	Acquired	2026-04-30	Class B Common (1292.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common	315	Direct
Class B Common	116	Direct
Class A Common	2379	Indirect
Class A Common	1758	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Class B Common (296.0)	296	Direct
Restricted Stock Units	$		Class B Common (381.0)	381	Direct
Stock Appreciation Right	$33.76	2017-04-30	Class B Common (2110.0)	2110	Direct
Stock Appreciation Right	$35.51	2018-04-30	Class B Common (2422.0)	2422	Direct
Stock Appreciation Right	$27.05	2019-04-30	Class B Common (2378.0)	2378	Direct
Stock Appreciation Right	$38.43	2020-04-30	Class B Common (3544.0)	3544	Direct
Stock Appreciation Right	$46.4	2021-04-30	Class B Common (1537.0)	1537	Direct
Stock Appreciation Right	$58.7	2022-04-30	Class B Common (2329.0)	2329	Direct
Stock Appreciation Right	$102.25	2025-04-30	Class B Common (1890.0)	1890	Direct

Footnotes

F1: No money was paid to or received by the reporting person for these SSARs.

F2: The restricted stock units vest May 1, 2017.

F3: The restricted stock units vest May 1, 2018.