BROWN FORMAN CORP — Director's Dealing 2017

Dec 15, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN FORMAN CORP (BFA, BFB)
CIK: 0000014693
Period of Report: 2017-12-14

Reporting Person: VARGA PAUL C (Director, Chairman & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-12-14	Class B Common	M	191522	$23.20	Acquired	191522	Direct
2017-12-14	Class B Common	F	129948	$65.34	Disposed	61574	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-12-14	Stock Appreciation Right	$23.2	M	191522	Disposed	2021-04-30	Class B Common (191522.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common	40000	Indirect
Class B Common	95804	Indirect
Class B Common	66062	Indirect

Footnotes

F1: The closing price of BF-B on December 13, 2017 was used to calculate the withholding obligation.