BROWN FORMAN CORP - Director's Dealing 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN FORMAN CORP (BFA, BFB)
CIK: 0000014693
Period of Report: 2016-04-14

Reporting Person: de Chabert Ralph E (SVP, Chief Diversity Officer)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-04-14	Class B Common	M	1108	$35.51	Acquired	1332	Direct
2016-04-14	Class B Common	M	590	$27.05	Acquired	1922	Direct
2016-04-14	Class B Common	S	706	$95	Disposed	1216	Direct
2016-04-14	Class B Common	F	992	$95.04	Disposed	224	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-04-14	Stock Appreciation Right	$35.51	M	1108	Disposed	2018-04-30	Class B Common (1108.0)	Direct
2016-04-14	Stock Appreciation Right	$27.05	M	590	Disposed	2019-04-30	Class B Common (590.0)	Direct

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Class B Common (284.0)	284	Direct
Restricted Stock Units	$		Class B Common (143.0)	143	Direct
Restricted Stock Units	$		Class B Common (119.0)	119	Direct
Stock Appreciation Right	$46.4	2021-04-30	Class B Common (1717.0)	1717	Direct
Stock Appreciation Right	$72.42	2023-04-30	Class B Common (577.0)	577	Direct
Stock Appreciation Right	$91.97	2024-04-30	Class B Common (667.0)	667	Direct
Stock Appreciation Right	$102.25	2025-04-30	Class B Common (2808.0)	2808	Direct

F1: The closing price of BF-B ($95.04) on April 13,2016 was used to calculate the withholding obligation.

F2: Each restricted stock unit represents a contingent right to receive one share of Brown-Forman Class B common stock.

F3: The Restricted Stock Units were granted on July 26, 2012, and vest April 30, 2016.

F4: The Restricted Stock Units were granted on July 24, 2014, and vest April 30, 2018.

F5: The Restricted Stock Units were granted on July 25, 2013, and vest April 30, 2017.