BROWN FORMAN CORP — Director's Dealing 2019

Sep 13, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN FORMAN CORP (BFA, BFB)
CIK: 0000014693
Period of Report: 2019-09-12

Reporting Person: McCallum Mark I (EVP, Chief Brands Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-09-12	Class B Common	M	58947	$18.217	Acquired	86051	Direct
2019-09-12	Class B Common	M	63316	$23.047	Acquired	149367	Direct
2019-09-12	Class B Common	F	77686	$65.18	Disposed	71681	Direct
2019-09-12	Class B Common	S	44577	$65.605	Disposed	27104	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-09-12	Stock Appreciation Right	$18.217	M	58947	Disposed	2021-04-30	Class B Common (58947.0)	Direct
2019-09-12	Stock Appreciation Right	$23.047	M	63316	Disposed	2022-04-30	Class B Common (63316.0)	Direct

Footnotes

F1: The closing price of BF-B on September 11, 2019 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 $65.41 to $65.79 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.