BROWN FORMAN CORP — Director's Dealing 2016

Jun 3, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN FORMAN CORP (BFA, BFB)
CIK: 0000014693
Period of Report: 2016-06-01

Reporting Person: Hawley Kirsten M (SVP, Chief HR Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-06-01	Class A Common	A	452	—	Acquired	473	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common	1990.8358	Indirect
Class A Common	6.6102	Indirect
Class B Common	993	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$46.4	2021-04-30	Class B Common (0.0)	0	Direct
Stock Appreciation Right	$58.7	2022-04-30	Class B Common (1960.0)	1960	Direct
Stock Appreciation Right	$72.42	2023-04-30	Class B Common (2518.0)	2518	Direct
Stock Appreciation Right	$91.97	2024-04-30	Class B Common (2223.0)	2223	Direct
Stock Appreciation Right	$102.25	2025-04-30	Class B Common (5509.0)	5509	Direct

Footnotes

F1: These shares were issued on June 1, 2016, in connection with a July 25, 2013 award of Class A common performance-based restricted stock. The award, initially determined as a cash value, was subject to a three-year performance period, which ended April 30, 2016. The number of shares issued was determined by multiplying the cash value of the award by a three-year performance adjustment factor, dividing the amount by $74.06, which is the closing price of the issuers Class A common stock on the date of the grant, and then adjusting upwards to account for dividends paid during the performance period.

F2: Number of shares acquired through the issuer's 401(k) plan as of May 31, 2016.

F3: Number of shares acquired through the issuer's dividend reinvestment plan as of June 1, 2016.