BROWN FORMAN CORP - Director's Dealing 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN FORMAN CORP (BFA, BFB)
CIK: 0000014693
Period of Report: 2017-01-31

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

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-01-31	Class B Common	M	7559	$16.825	Acquired	16064	Direct
2017-01-31	Class B Common	F	4573	$45.48	Disposed	11491	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-01-31	Stock Appreciation Right	$16.825	M	7559	Disposed	2017-04-30	Class B Common (7559.0)	Direct

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$17.755	2018-04-30	Class B Common (29294.0)	29294	Direct
Stock Appreciation Right	$13.525	2019-04-30	Class B Common (59996.0)	59996	Direct
Stock Appreciation Right	$19.215	2020-04-30	Class B Common (50354.0)	50354	Direct
Stock Appreciation Right	$23.2	2021-04-30	Class B Common (47884.0)	47884	Direct
Stock Appreciation Right	$29.35	2022-04-30	Class B Common (44390.0)	44390	Direct
Stock Appreciation Right	$36.21	2023-04-30	Class B Common (33694.0)	33694	Direct
Stock Appreciation Right	$45.985	2024-04-30	Class B Common (26444.0)	26444	Direct
Stock Appreciation Right	$51.125	2025-04-30	Class B Common (30168.0)	30168	Direct
Stock Appreciation Right	$49.005	2026-04-30	Class B Common (44344.0)	44344	Direct
Stock Appreciation Right	$98.01	2026-04-30	Class B Common (22172.0)	22172	Direct

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

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

F3: Number of shares acquired through the issuer's dividend reinvestment plan as of January 31, 2017.

F4: Number of shares acquired through the issuer's employee stock purchase program as of January 31, 2017.