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: VARGA PAUL C (Director, Chairman & CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-07-28	Stock Appreciation Right	$98.01	A	107542	Acquired	2026-04-30	Class B Common (107542.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common	92396	Direct
Class A Common	1052.6229	Indirect
Class A Common	222	Indirect
Class A Common	156182	Indirect
Class B Common	33031	Indirect
Class B Common	47902	Indirect
Class B Common	20000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$46.4	2021-04-30	Class B Common (95761.0)	95761	Direct
Stock Appreciation Right	$58.7	2022-04-30	Class B Common (92514.0)	92514	Direct
Stock Appreciation Right	$72.42	2023-04-30	Class B Common (62332.0)	62332	Direct
Stock Appreciation Right	$91.97	2024-04-30	Class B Common (61023.0)	61023	Direct
Stock Appreciation Right	$102.25	2025-04-30	Class B Common (77125.0)	77125	Direct

Footnotes

F1: Number of shares acquired through the issuer's dividend reinvestment plan as of July 27, 2016.

F2: No money was paid to or received by the reporting person for these SSARs.