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: 2016-04-29

Reporting Person: Fitzgerald Brian P (SVP, Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-04-29	Class B Common	M	1721	$34.95	Acquired	1721	Direct
2016-04-29	Class B Common	F	1027	$95.41	Disposed	694	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-04-29	Stock Appreciation Right	$34.95	M	1721	Disposed	2016-04-30	Class B Common (1721.0)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$33.76	2017-04-30	Class B Common (2637.0)	2637	Direct
Stock Appreciation Right	$35.51	2018-04-30	Class B Common (2422.0)	2422	Direct
Stock Appreciation Right	$27.05	2019-04-30	Class B Common (4728.0)	4728	Direct
Stock Appreciation Right	$38.43	2020-04-30	Class B Common (3969.0)	3969	Direct
Stock Appreciation Right	$46.4	2021-04-30	Class B Common (3739.0)	3739	Direct
Stock Appreciation Right	$58.7	2022-04-30	Class B Common (3474.0)	3474	Direct
Stock Appreciation Right	$72.42	2023-04-30	Class B Common (5762.0)	5762	Direct
Stock Appreciation Right	$91.97	2024-04-30	Class B Common (4446.0)	4446	Direct
Stock Appreciation Right	$102.25	2025-04-30	Class B Common (5214.0)	5214	Direct

Footnotes

F1: The closing price of BF-B ($95.41) on April 28, 2016 was used to calculate the withholding obligation.