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BROWN FORMAN CORP Director's Dealing 2016

May 4, 2016

30482_dirs_2016-05-03_ad1f4f9c-e67f-4012-bd3c-18809ccbee56.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: 2016-04-30

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

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2016-04-30 Class A Common F 841 $103.71 Disposed 9124 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Class B Common 5160.927 Indirect
Class A Common 577.5515 Indirect
Class B Common 1513.2477 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: 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 841 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: Updated to correct prior mathematical error.

F4: The number of shares acquired through the issuer's 401(k) plan as of April 26, 2016.

F5: Number of shares acquired through the issuer's dividend reinvestment plan as of April 27, 2016.

F6: Number of shares acquired through the issuer's employee stock purchase program as of April 27, 2016.