BROWN FORMAN CORP — Director's Dealing 2017

Jun 5, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN FORMAN CORP (BFA, BFB)
CIK: 0000014693
Period of Report: 2017-06-01

Reporting Person: Steiner Lisa P (SVP, Chief of Staff)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-06-01	Class A Common	A	1225	—	Acquired	11081	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common	3157.3527	Indirect

Footnotes

F1: These shares were issued on June 1, 2017, in connection with a July 24, 2014 award of Class A common performance-based restricted stock. The award, initially determined as a cash value, was subject to a three-year performance period, which ended April 30, 2017. The number of shares issued was determined by multiplying the cash value of the award by a three-year performance adjustment factor, dividing the amount by $45.125, which is the closing price of the issuer's Class A common stock on the date of the grant, and then adjusting upwards to account for dividends paid during the performance period.

F2: Updated to reflect that the reporting person transferred 1,555 Class A shares from her direct holdings to her dividend reinvestment plan account on May 1, 2017.

F3: Number of shares acquired through the issuer's dividend reinvestment plan as of June 5, 2017. Also updated to reflect that the reporting person transferred 1,555 Class A shares from her direct holdings to her dividend reinvestment plan account on May 1, 2017.