BROWN FORMAN CORP — Director's Dealing 2018

Feb 2, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN FORMAN CORP (BFA, BFB)
CIK: 0000014693
Period of Report: 2018-01-31

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-01-31	Class B Common	M	7324	$17.755	Acquired	26908	Direct
2018-01-31	Class B Common	F	3719	$68.65	Disposed	23189	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-01-31	Stock Appreciation Right	$17.755	M	7324	Disposed	2018-04-30	Class B Common (7324.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common	11868.0834	Indirect
Class B Common	1163.9676	Indirect

Footnotes

F1: The closing price of BF-B on January 30, 2018 was used to calculate the withholding obligation.

F2: Number of shares acquired through the issuer's 401(k) plan as of January 31, 2018.

F3: Number of shares acquired through the issuer's employee stock purchase program as of January 31, 2018.