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: Brown J McCauley (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-04-30	Class B Common	M	254	—	Acquired	66738	Direct
2016-04-30	Class B Common	F	104	$96.32	Disposed	66634	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-04-30	Restricted Stock Units	$	M	254	Disposed		Class B Common (254.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common	16062	Direct
Class A Common	968395	Indirect
Class B Common	64481	Indirect
Class B Common	8841.5903	Indirect
Class A Common	181940	Indirect
Class A Common	176898	Indirect
Class A Common	217	Indirect
Class A Common	50704	Indirect
Class A Common	3925	Indirect
Class A Common	1000	Indirect
Class A Common	96698	Indirect
Class A Common	15995	Indirect
Class B Common	1020	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Class B Common (212.0)	212	Direct
Restricted Stock Units	$		Class B Common (171.0)	171	Direct
Restricted Stock Units	$		Class B Common (158.0)	158	Direct

Footnotes

F1: The Restricted Stock Units were granted on July 26, 2012, and vested April 30, 2016.

F2: The closing price of BF-B ($96.32) on April 29, 2016 was used to calculate the withholding obligation.

F3: Each Restricted Stock Unit represents a contingent right to receive one share of Brown-Forman Class B common stock.

F4: The Restricted Stock Units were granted on July 25, 2013, and vest April 30, 2017.

F5: The Restricted Stock Units were granted on July 24, 2014, and vest April 30, 2018.

F6: The Restricted Stock Units were granted on July 23, 2015, and vest April 30, 2019.