BROWN FORMAN CORP — Director's Dealing 2017

Apr 17, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN FORMAN CORP (BFA, BFB)
CIK: 0000014693
Period of Report: 2017-04-13

Reporting Person: Farrer Marshall (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-04-13	Class B Common	M	4220	$16.88	Acquired	4270	Direct
2017-04-13	Class B Common	F	2529	$45.95	Disposed	1741	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-04-13	Stock Appreciation Right	$16.88	M	4220	Disposed	2017-04-30	Class B Common (4220.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common	185000	Indirect

Footnotes

F1: The closing price of BF-B on April 12, 2017 was used to calculate the withholding obligation.

F2: These stock appreciation rights were previously reported as covering 2,110 shares at an exercise price of $33.76, but were adjusted to reflect the August 2016 stock split.