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: MORREAU JANE C (EVP, Chief Financial Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-07-28	Stock Appreciation Right	$98.01	A	20741	Acquired	2026-04-30	Class B Common (20741.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common	11424.25	Direct
Class B Common	2923.4926	Indirect
Class B Common	52.50	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$35.51	2018-04-30	Class B Common (7131.0)	7131	Direct
Stock Appreciation Right	$27.05	2019-04-30	Class B Common (11463.0)	11463	Direct
Stock Appreciation Right	$38.43	2020-04-30	Class B Common (12590.0)	12590	Direct
Stock Appreciation Right	$46.4	2021-04-30	Class B Common (14365.0)	14365	Direct
Stock Appreciation Right	$58.7	2022-04-30	Class B Common (11098.0)	11098	Direct
Stock Appreciation Right	$72.42	2023-04-30	Class B Common (9266.0)	9266	Direct
Stock Appreciation Right	$91.97	2024-04-30	Class B Common (13425.0)	13425	Direct
Stock Appreciation Right	$102.25	2025-04-30	Class B Common (13379.0)	13379	Direct

Footnotes

F1: Number of shares acquired through the issuer's employee stock purchase program as of July 27, 2016.

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