BROWN FORMAN CORP — Director's Dealing 2016

May 4, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN FORMAN CORP (BFA, BFB)
CIK: 0000014693
Period of Report: 2016-04-30

Reporting Person: Steiner Lisa P (SVP, Chief of Staff)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-04-30	Class A Common	F	669	$103.71	Disposed	6439	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common	111	Direct
Class A Common	730.1568	Indirect
Class B Common	125.8401	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$72.42	2023-04-30	Class B Common (6739.0)	6739	Direct
Stock Appreciation Right	$91.97	2024-04-30	Class B Common (5467.0)	5467	Direct
Stock Appreciation Right	$102.25	2025-04-30	Class B Common (5641.0)	5641	Direct

Footnotes

F1: To satisfy withholding obligations associated with the July 26, 2012 grant of Class A common stock that vested on April 30, 2016, the reporting person surrendered 669 shares of Class A common stock.

F2: The closing price of BF-A ($103.71) on April 29, 2016 was used to calculate the withholding obligation.

F3: Number of shares acquired through the issuer's dividend reinvestment plan as of April 27, 2016.