BROWN FORMAN CORP — Director's Dealing 2017

Apr 11, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN FORMAN CORP (BFA, BFB)
CIK: 0000014693
Period of Report: 2017-04-10

Reporting Person: Brown George Garvin IV (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-04-10	Class B Common	M	3358	$16.88	Acquired	537750	Direct
2017-04-10	Class B Common	F	1242	$45.67	Disposed	536508	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-04-10	Stock Appreciation Right	$16.88	M	3358	Disposed	2017-04-30	Class B Common (3358.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common	37636	Indirect
Class B Common	17253	Indirect
Class B Common	26262.9945	Indirect
Class B Common	7390	Indirect
Class B Common	156600	Indirect
Class B Common	510337	Indirect
Class B Common	5946	Indirect

Footnotes

F1: The closing price of BF-B on April 7, 2017 was used to calculate the withholding obligation.

F2: Number of shares acquired through the issuer's 401(k) plan as of April 10, 2017.

F3: These stock appreciation rights were previously reported as covering 1,679 shares at an exercise price of $33.76, but were adjusted to reflect the August 2016 stock split.