BROWN FORMAN CORP — Director's Dealing 2018

Jan 5, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN FORMAN CORP (BFA, BFB)
CIK: 0000014693
Period of Report: 2018-01-02

Reporting Person: Hayes John V. (SVP, Chief Marketing Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-01-02	Class B Common	M	3500	$17.755	Acquired	11109	Direct
2018-01-02	Class B Common	F	1921	$68.67	Disposed	9188	Direct
2018-01-02	Class B Common	S	1579	$67.71	Disposed	7609	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-01-02	Stock Appreciation Right	$17.755	M	3500	Disposed	2018-04-30	Class B Common (3500.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common	10572	Indirect
Class B Common	5894	Indirect
Class B Common	4	Indirect

Footnotes

F1: The closing price of BF-B on December 29, 2017 was used to calculate the withholding obligation.

F2: Number of shares acquired through the issuer's 401(k) plan as of January 2, 2018.

F3: Number of shares acquired through the issuer's employee stock purchase program as of January 2, 2018.