BROWN FORMAN CORP — Director's Dealing 2016

Mar 8, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN FORMAN CORP (BFA, BFB)
CIK: 0000014693
Period of Report: 2016-03-04

Reporting Person: Hinrichs Thomas (SVP, Pres. Eur, N.Asia, ANZSEA)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-03-04	Class B Common	M	2256	$34.95	Acquired	3262	Direct
2016-03-04	Class B Common	M	2887	$33.76	Acquired	6149	Direct
2016-03-04	Class B Common	S	1926	$95	Disposed	4223	Direct
2016-03-04	Class B Common	F	3217	$96.86	Disposed	1006	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-03-04	Stock Appreciation Right	$34.95	M	2256	Disposed	2016-04-30	Class B Common (2256.0)	Direct
2016-03-04	Stock Appreciation Right	$33.76	M	2887	Disposed	2017-04-30	Class B Common (2887.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common	27	Direct
Class A Common	2.2379	Indirect
Class B Common	0.4924	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$35.51	2018-04-30	Class B Common (3032.0)	3032	Direct
Stock Appreciation Right	$27.05	2019-04-30	Class B Common (3378.0)	3378	Direct
Stock Appreciation Right	$38.43	2020-04-30	Class B Common (2553.0)	2553	Direct
Stock Appreciation Right	$46.4	2021-04-30	Class B Common (4830.0)	4830	Direct
Stock Appreciation Right	$58.7	2022-04-30	Class B Common (5676.0)	5676	Direct
Stock Appreciation Right	$72.42	2023-04-30	Class B Common (4371.0)	4371	Direct
Stock Appreciation Right	$91.97	2024-04-30	Class B Common (3458.0)	3458	Direct
Stock Appreciation Right	$102.25	2025-04-30	Class B Common (4371.0)	4371	Direct

Footnotes

F1: The closing price of BF-B on March 3, 2016 was used to calculate the withholding obligation.

F2: Number of shares acquired through the issuer's dividend reinvestment plan as of March 3, 2016.