AI assistant
BROWN FORMAN CORP — Director's Dealing 2018
May 3, 2018
30482_dirs_2018-05-02_fabb9291-d027-427d-b1fd-afcd1efa286c.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: BROWN FORMAN CORP (BFA, BFB)
CIK: 0000014693
Period of Report: 2018-04-30
Reporting Person: VARGA PAUL C (Director, Chairman & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-04-30 | Class A Common | F | 7570 | $53.37 | Disposed | 179713 | Direct |
| 2018-04-30 | Class B Common | F | 1893 | $56.04 | Disposed | 121894 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common | 3688.2241 | 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 |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Appreciation Right | $23.047 | 2022-04-30 | Class B Common (235630.0) | 235630 | Direct |
| Stock Appreciation Right | $28.433 | 2023-04-30 | Class B Common (158757.0) | 158757 | Direct |
| Stock Appreciation Right | $36.109 | 2024-04-30 | Class B Common (155424.0) | 155424 | Direct |
| Stock Appreciation Right | $40.145 | 2025-04-30 | Class B Common (196435.0) | 196435 | Direct |
| Stock Appreciation Right | $38.481 | 2026-04-30 | Class B Common (273905.0) | 273905 | Direct |
| Stock Appreciation Right | $39.757 | 2027-04-30 | Class B Common (231052.0) | 231052 | Direct |
Footnotes
F1: To satisfy withholding obligations associated with the July 24, 2014 award of Class A common stock that vested on April 30, 2018, the reporting person surrendered 7,570 shares of Class A common stock.
F2: The closing price of BF-A on April 30, 2018 was used to calculate the withholding obligation.
F3: To satisfy withholding obligations associated with the shares of Class B performance-based restricted stock that were issued in the February 2018 stock split and vested on April 30, 2018, the reporting person surrendered 1,893 shares of Class B common stock.
F4: The closing price of BF-B on April 30, 2018 was used to calculate the withholding obligation.
F5: On February 28, 2018, the issuer completed a stock split resulting in the distribution of one share of Class B common stock for every four shares of either Class A or Class B common stock held. On April 23, 2018, the issuer paid a special cash dividend. Total has been updated to reflect the acquisition of 62,213 additional shares in the February 2018 stock split, including 3,980 shares of Class B common performance-based restricted stock issued in connection with the July 24, 2014 award of Class A common stock.
F6: Total has been updated to reflect the acquisition of 10,000 additional shares in the February 2018 stock split.
F7: Total has been updated to reflect the acquisition of 102,042 additional shares in the February 2018 stock split.
F8: Total has been updated to reflect the acquisition of 16,626 additional shares in the February 2018 stock split.
F9: These stock appreciation rights were previously reported as covering 185,028 shares at an exercise price of $29.35, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.
F10: These stock appreciation rights were previously reported as covering 124,664 shares at an exercise price of $36.21, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.
F11: These stock appreciation rights were previously reported as covering 122,046 shares at an exercise price of $45.985, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.
F12: These stock appreciation rights were previously reported as covering 154,250 shares at an exercise price of $51.125, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.
F13: These stock appreciation rights were previously reported as covering 215,084 shares at an exercise price of $49.005, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.
F14: These stock appreciation rights were previously reported as covering 181,433 shares at an exercise price of $50.63, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.