BROWN FORMAN CORP — Director's Dealing 2017

Dec 14, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN FORMAN CORP (BFA, BFB)
CIK: 0000014693
Period of Report: 2017-12-11

Reporting Person: McCallum Mark I (EVP/Pres. Jack Daniel's Brands)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-12-11	Class B Common	M	46874	$13.525	Acquired	57588	Direct
2017-12-11	Class B Common	M	40910	$19.215	Acquired	98498	Direct
2017-12-11	Class B Common	F	54673	$66.48	Disposed	43825	Direct
2017-12-11	Class B Common	S	33111	$65.8479	Disposed	10714	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-12-11	Stock Appreciation Right	$13.525	M	46874	Disposed	2019-04-30	Class B Common (46874.0)	Direct
2017-12-11	Stock Appreciation Right	$19.215	M	40910	Disposed	2020-04-30	Class B Common (40910.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common	54	Indirect

Footnotes

F1: The closing price of BF-B on December 8, 2017 was used to calculate the withholding obligation.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.70 to $66.08, inclusive. The reporting person undertakes to provide to Brown-Forman Corporation, any security holder of Brown-Forman Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.