BROWN FORMAN CORP — Director's Dealing 2019

Jul 30, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN FORMAN CORP (BFA, BFB)
CIK: 0000014693
Period of Report: 2019-07-25

Reporting Person: Holland Augusta Brown (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-07-05	Class B Common	G	36737	—	Acquired	38102	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-07-25	Deferred Stock Units	$	A	2530.9336	Acquired		Class A Common (2530.9336)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common	418059	Direct
Class B Common	7201	Indirect
Class B Common	38678	Indirect
Class B Common	41474	Indirect
Class B Common	41474	Indirect
Class B Common	22991	Indirect

Footnotes

F1: Under the Brown-Forman Corporation Non-Employee Director Deferred Stock Unit Program, each DSU represents the right to receive one share of the Company's Class A common stock. Grants made on July 25, 2019, were based on the closing price of the Company's Class A common stock on that date ($53.34). On each dividend payment date, participants are credited with DSU equivalents, and the DSU total on this form has been updated to reflect such credits.

F2: Annual grants of DSUs vest over the course of the Board year. DSUs are paid out in Class A common stock on the first February 1 that is at least six months following the Director's termination from Board service.