BROWN FORMAN CORP — Director's Dealing 2016

Jul 11, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN FORMAN CORP (BFA, BFB)
CIK: 0000014693
Period of Report: 2016-07-08

Reporting Person: Jones Jill Ackerman (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-07-08	Class B Common	M	15106	$38.43	Acquired	34969	Direct
2016-07-08	Class B Common	F	10347	$97.09	Disposed	24622	Direct
2016-07-08	Class B Common	S	4759	$98	Disposed	19863	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-07-08	Stock Appreciation Right	$38.43	M	15106	Disposed	2020-04-30	Class B Common (15106.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common	20936	Direct
Class B Common	7428.8534	Indirect
Class A Common	223.8518	Indirect
Class B Common	312.9161	Indirect
Class A Common	2676.8171	Indirect
Class B Common	45	Indirect
Class B Common	45	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$46.4	2021-04-30	Class B Common (16759.0)	16759	Direct
Stock Appreciation Right	$91.97	2024-04-30	Class B Common (10222.0)	10222	Direct
Stock Appreciation Right	$58.7	2022-04-30	Class B Common (11098.0)	11098	Direct
Stock Appreciation Right	$102.25	2025-04-30	Class B Common (12592.0)	12592	Direct
Stock Appreciation Right	$72.42	2023-04-30	Class B Common (9771.0)	9771	Direct

Footnotes

F1: The closing price of BF-B on July 7, 2016 was used to calculate the withholding obligation.

F2: Number of shares acquired through the issuer's 401(k) plan as of July 7, 2016.

F3: Number of shares acquired through the issuer's dividend reinvestment plan as of July 8, 2016.

F4: Number of shares acquired through the issuer's employee stock purchase program as of July 8, 2016.