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BROWN FORMAN CORP — Director's Dealing 2018
May 3, 2018
30482_dirs_2018-05-02_6ba12c09-1ecd-46f5-a01d-1d5c342763b1.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: MORREAU JANE C (EVP, Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-04-30 | Class A Common | F | 1472 | $53.37 | Disposed | 23081 | Direct |
| 2018-04-30 | Class B Common | F | 368 | $56.04 | Disposed | 5899 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class B Common | 8068.8785 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Appreciation Right | $15.088 | 2020-04-30 | Class B Common (32067.0) | 32067 | Direct |
| Stock Appreciation Right | $18.217 | 2021-04-30 | Class B Common (36588.0) | 36588 | Direct |
| Stock Appreciation Right | $23.047 | 2022-04-30 | Class B Common (28267.0) | 28267 | Direct |
| Stock Appreciation Right | $28.433 | 2023-04-30 | Class B Common (23601.0) | 23601 | Direct |
| Stock Appreciation Right | $36.109 | 2024-04-30 | Class B Common (34194.0) | 34194 | Direct |
| Stock Appreciation Right | $40.145 | 2025-04-30 | Class B Common (34077.0) | 34077 | Direct |
| Stock Appreciation Right | $38.481 | 2026-04-30 | Class B Common (52827.0) | 52827 | Direct |
| Stock Appreciation Right | $39.757 | 2027-04-30 | Class B Common (40510.0) | 40510 | 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 1,472 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: Total has been updated to reflect dividend reinvestment.
F4: 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 368 shares of Class B common stock.
F5: The closing price of BF-B on April 30, 2018 was used to calculate the withholding obligation.
F6: 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 6,163 additional shares in the February 2018 stock split, including 773 shares of Class B common performance-based restricted stock issued in connection with the July 24, 2014 award of Class A common stock.
F7: Number of shares acquired through the issuer's employee stock purchase program as of April 30, 2018.
F8: These stock appreciation rights were previously reported as covering 25,180 shares at an exercise price of $19.215, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.
F9: These stock appreciation rights were previously reported as covering 28,730 shares at an exercise price of $23.20, 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 22,196 shares at an exercise price of $29.35, 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 18,532 shares at an exercise price of $36.21, 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 26,850 shares at an exercise price of $45.985, 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 26,758 shares at an exercise price of $51.125, 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 41,482 shares at an exercise price of $49.005, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.
F15: These stock appreciation rights were previously reported as covering 31,810 shares at an exercise price of $50.63, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.