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BROWN FORMAN CORP Director's Dealing 2016

Jun 3, 2016

30482_dirs_2016-06-03_d7655a4e-f961-4077-9b76-adae5178cea6.zip

Director's Dealing

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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: Hamel Matthew E (EVP, Gen Counsel and Secretary)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2016-06-01 Class A Common A 1509 Acquired 10633 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Class A Common 557.5515 Indirect
Class B Common 1543.8749 Indirect
Class B Common 5206.432 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Appreciation Right $33.65 2017-04-30 Class B Common (15159.0) 15159 Direct
Stock Appreciation Right $35.51 2018-04-30 Class B Common (14647.0) 14647 Direct
Stock Appreciation Right $27.05 2019-04-30 Class B Common (29998.0) 29998 Direct
Stock Appreciation Right $38.43 2020-04-30 Class B Common (25177.0) 25177 Direct
Stock Appreciation Right $46.4 2021-04-30 Class B Common (23942.0) 23942 Direct
Stock Appreciation Right $58.7 2022-04-30 Class B Common (22195.0) 22195 Direct
Stock Appreciation Right $72.42 2023-04-30 Class B Common (16847.0) 16847 Direct
Stock Appreciation Right $91.97 2024-04-30 Class B Common (13222.0) 13222 Direct
Stock Appreciation Right $102.25 2025-04-30 Class B Common (15084.0) 15084 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 dividend reinvestment plan as of June 1, 2016.

F3: Number of shares acquired through the issuer's employee stock purchase program as of June 1, 2016.

F4: Number of shares acquired through the issuer's 401(k) plan as of May 31, 2016.