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BROWN FORMAN CORP — Director's Dealing 2018
Jun 6, 2018
30482_dirs_2018-06-05_76f5c730-4015-452c-ab61-8de2195cb718.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: BROWN FORMAN CORP (BFA, BFB)
CIK: 0000014693
Period of Report: 2018-06-01
Reporting Person: VARGA PAUL C (Director, Chairman & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-06-01 | Class A Common | A | 29631 | — | Acquired | 209344 | Direct |
| 2018-06-01 | Class A Common | F | 69699 | $53.37 | Disposed | 139645 | Direct |
| 2018-06-01 | Class B Common | A | 7404 | — | Acquired | 129298 | Direct |
| 2018-06-01 | Class B Common | F | 17415 | $56.04 | Disposed | 111883 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common | 8222.6622 | Indirect |
| Class A Common | 312364 | Indirect |
| Class A Common | 444 | Indirect |
| Class B Common | 50000 | Indirect |
| Class B Common | 197846 | Indirect |
| Class B Common | 82688 | Indirect |
Footnotes
F1: These shares were issued on June 1, 2018, in connection with a July 23, 2015 award of performance-based restricted stock. The award, initially determined as a cash value, was subject to a three-year performance period, which ended April 30, 2018. The number of Class A and Class B shares issued was determined by multiplying the cash value of the award by a three-year performance adjustment factor, dividing the amount by $111.30, which was the closing price of the issuer's Class A common stock on the date of the grant, and then adjusting for subsequent stock splits and dividends during the performance period.
F2: To satisfy withholding obligations associated with the July 2013 award of Class A common stock that vested on June 1, 2018, the reporting person surrendered 69,699 shares of Class A common stock.
F3: The April 30, 2018 closing price of Brown-Forman Class A common stock was $53.37 and used to calculate withholding obligations.
F4: To satisfy withholding obligations associated with the July 2013 award of Class B common stock that vested on June 1, 2018, the reporting person surrendered 17,415 shares of Class B common stock.
F5: The April 30, 2018 closing price of Brown-Forman Class B common stock was $56.04 and used to calculate withholding obligations.
F6: Number of shares acquired through the issuer's dividend reinvestment plan as of June 5, 2018.