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BROWN FORMAN CORP — Director's Dealing 2018
May 3, 2018
30482_dirs_2018-05-02_78d7d739-1282-4d63-9838-e5839e363dc6.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: 2018-04-30
Reporting Person: Masick Michael Andrew (VP DIR CORP STRATEGY)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-04-30 | Class B Common | M | 294 | — | Acquired | 294 | Direct |
| 2018-04-30 | Class B Common | F | 94 | $56.04 | Disposed | 200 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-04-30 | Restricted Stock Units | $ | M | 294 | Disposed | Class B Common (294.0) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Appreciation Right | $40.145 | 2025-04-30 | Class B Common (3342.0) | 3342 | Direct |
| Stock Appreciation Right | $38.481 | 2026-04-30 | Class B Common (9784.0) | 9784 | Direct |
| Stock Appreciation Right | $39.757 | 2027-04-30 | Class B Common (4503.0) | 4503 | Direct |
Footnotes
F1: The closing price of BF-B on April 30, 2018 was used to calculate the withholding obligation.
F2: Each restricted stock unit represents a contingent right to recive one share of Brown-Forman Class B common stock.
F3: The restricted stock units were granted on July 24, 2014, and vested on April 30, 2018.
F4: 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. These stock appreciation rights were previously reported as covering 2,624 shares at an exercise price of $51.125, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.
F5: These stock appreciation rights were previously reported as covering 7,682 shares at an exercise price of $49.005, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.
F6: These stock appreciation rights were previously reported as covering 3,535 shares at an exercise price of $50.63, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.