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: Brown Campbell P (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-07-28	Stock Appreciation Right	$98.01	A	2851	Acquired	2026-04-30	Class B Common (2851.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common	805313	Direct
Class B Common	312208	Direct
Class A Common	1981768	Indirect
Class B Common	270442	Indirect
Class B Common	7868.5654	Indirect
Class B Common	2746	Indirect
Class B Common	18	Indirect
Class B Common	18	Indirect
Class A Common	529554	Indirect
Class B Common	24218	Indirect
Class B Common	4632.6674	Indirect
Class A Common	71250	Indirect
Class A Common	5266	Indirect
Class B Common	1950	Indirect
Class A Common	5296	Indirect
Class B Common	1950	Indirect
Class A Common	8042	Indirect
Class B Common	1353	Indirect
Class A Common	71250	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Class B Common (863.0)	863	Direct
Restricted Stock Units	$		Class B Common (476.0)	476	Direct
Restricted Stock Units	$		Class B Common (1458.0)	1458	Direct
Stock Appreciation Right	$33.76	2017-04-30	Class B Common (1874.0)	1874	Direct
Stock Appreciation Right	$35.51	2018-04-30	Class B Common (1719.0)	1719	Direct
Stock Appreciation Right	$38.43	2020-04-30	Class B Common (887.0)	887	Direct
Stock Appreciation Right	$91.97	2024-04-30	Class B Common (1112.0)	1112	Direct

Footnotes

F1: Number of shares acquired through the issuer's 401(k) plan as of July 27, 2016.

F2: Number of shares acquired through the issuer's employee stock purchase program as of July 27, 2016.

F3: No money was paid to or received by the reporting person for these SSARs.

F4: The restricted stock units vest May 1, 2017.

F5: The restricted stock units vest May 1, 2018.

F6: The restricted stock units vest May 1, 2019.