BROWN FORMAN CORP — Director's Dealing 2018

Jan 9, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN FORMAN CORP (BFA, BFB)
CIK: 0000014693
Period of Report: 2018-01-05

Reporting Person: Masick Michael Andrew (VP DIR CORP STRATEGY)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-01-05	Class B Common	M	1786	$45.985	Acquired	1927	Direct
2018-01-05	Class B Common	F	1443	$68.11	Disposed	484	Direct
2018-01-05	Class B Common	S	343	$67.9403	Disposed	141	Direct
2018-01-05	Class B Common	S	141	$68.0302	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-01-05	Stock Appreciation Right	$45.985	M	1786	Disposed	2024-04-30	Class B Common (1786.0)	Direct

Footnotes

F1: The closing price of BF-B on January 4, 2018 was used to calculate the withholding obligation.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $67.94 to $67.941, inclusive. The reporting person undertakes to provide to Brown-Forman Corporation, any security holder of Brown-Forman Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $68.0301 to $68.031, inclusive. The reporting person undertakes to provide to Brown-Forman Corporation, any security holder of Brown-Forman Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.