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: McCallum Mark I (EVP/Pres. Jack Daniel's Brands)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-04-30	Class A Common	F	3045	$103.71	Disposed	28761.50	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common	12732	Direct
Class B Common	27	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$102.25	2025-04-30	Class B Common (11150.0)	11150	Direct
Stock Appreciation Right	$91.97	2024-04-30	Class B Common (13677.0)	13677	Direct
Stock Appreciation Right	$72.42	2023-04-30	Class B Common (15971.0)	15971	Direct
Stock Appreciation Right	$38.43	2020-04-30	Class B Common (20455.0)	20455	Direct
Stock Appreciation Right	$46.4	2021-04-30	Class B Common (23144.0)	23144	Direct
Stock Appreciation Right	$27.05	2019-04-30	Class B Common (23437.0)	23437	Direct
Stock Appreciation Right	$58.7	2022-04-30	Class B Common (24859.0)	24859	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 3,045 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.