BROWN FORMAN CORP — Director's Dealing 2017

Nov 1, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN FORMAN CORP (BFA, BFB)
CIK: 0000014693
Period of Report: 2017-10-31

Reporting Person: Hamel Matthew E (EVP, Gen Counsel and Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-10-31	Class B Common	M	7323	$17.755	Acquired	24420	Direct
2017-10-31	Class B Common	F	4836	$55.71	Disposed	19584	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-10-31	Stock Appreciation Right	$17.755	M	7323	Disposed	2018-04-30	Class B Common (7323.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common	11796.0505	Indirect
Class B Common	1018.4622	Indirect

Footnotes

F1: The closing price of BF-B on October 30, 2017 was used to calculate the withholding obligation.

F2: Number of shares acquired through the issuer's 401(k) plan as of October 31, 2017.

F3: Number of shares acquired through the issuer's employee stock purchase program as of October 31, 2017.