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: 2016-03-11

Reporting Person: Jones Jill Ackerman (Executive Vice President)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-03-11	Class B Common	M	8704	$35.51	Acquired	28567	Direct
2016-03-11	Class B Common	M	13755	$27.05	Acquired	42322	Direct
2016-03-11	Class B Common	S	9573	$98	Disposed	32749	Direct
2016-03-11	Class B Common	F	12886	$97.53	Disposed	19863	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-03-11	Stock Appreciation Right	$35.51	M	8704	Disposed	2018-04-30	Class B Common (8704.0)	Direct
2016-03-11	Stock Appreciation Right	$27.05	M	13755	Disposed	2019-04-30	Class B Common (13755.0)	Direct

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$102.25	2025-04-30	Class B Common (12592.0)	12592	Direct
Stock Appreciation Right	$38.43	2020-04-30	Class B Common (15106.0)	15106	Direct
Stock Appreciation Right	$46.4	2021-04-30	Class B Common (16759.0)	16759	Direct
Stock Appreciation Right	$58.7	2022-04-30	Class B Common (11098.0)	11098	Direct
Stock Appreciation Right	$72.42	2023-04-30	Class B Common (9771.0)	9771	Direct
Stock Appreciation Right	$91.97	2024-04-30	Class B Common (10222.0)	10222	Direct

F1: The closing price of BF-B on March 10, 2016 was used to calculate the withholding obligation.

F2: Number of shares acquired through the issuer's 401(k) plan as of February 29, 2016.

F3: Number of shares acquired through the issuer's dividend reinvestment plan as of March 11, 2016.

F4: Number of shares acquired through the issuer's employee stock purchase program as of March 11, 2016.