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BROWN FORMAN CORP Director's Dealing 2019

May 3, 2019

30482_dirs_2019-05-02_0af9584f-6117-4e92-978a-9d1934ffcce3.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN FORMAN CORP (BFA, BFB)
CIK: 0000014693
Period of Report: 2018-10-10

Reporting Person: Hayes John V. (SVP/President, USA & Canada)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2019-04-30 Class A Common F 1265 $52.30 Disposed 3194 Direct
2018-10-10 Class B Common G 501 Disposed 1127 Direct
2019-04-30 Class B Common M 33109 $10.62 Acquired 34236 Direct
2019-04-30 Class B Common F 16122 $52.98 Disposed 18114 Direct
2019-04-30 Class B Common F 317 $53.29 Disposed 17797 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2019-04-30 Stock Appreciation Right $10.62 M 33109 Disposed 2019-04-30 Class B Common (33109.0) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Class B Common 7644.7065 Indirect
Class B Common 34.0621 Indirect
Class B Common 14270.58 Indirect
Class B Common 17329 Indirect

Footnotes

F1: To satisfy withholding obligations associated with the July 23, 2015, award of Class A common stock that vested on April 30, 2019, the reporting person surrendered 1,265 shares of Class A common stock.

F2: The closing price of BF-A on April 30, 2019 was used to calculate the withholding obligation.

F3: Reflects the contribution of 501 BF-B to John and Jeannine Hayes Donor Advised Charitable Fund.

F4: The closing price of BF-B on April 29, 2019 was used to calculate the withholding obligation.

F5: To satisfy withholding obligations associated with the July 23, 2015, award of Class B common stock that vested on April 30, 2019, the reporting person surrendered 317 shares of Class B common stock.

F6: The closing price of BF-B on April 30, 2019 was used to calculate the withholding obligation.

F7: Number of shares acquired through the issuer's 401(k) plan as of April 30, 2019.

F8: Number of shares acquired through the issuer's employee stock purchase program as of April 30, 2019.