BROWN FORMAN CORP — Director's Dealing 2019

May 3, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN FORMAN CORP (BFA, BFB)
CIK: 0000014693
Period of Report: 2019-04-30

Reporting Person: Brown George Garvin IV (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-04-30	Class B Common	M	12007	$10.62	Acquired	602727	Direct
2019-04-30	Class B Common	F	6785	$52.98	Disposed	595942	Direct
2019-04-30	Class B Common	M	968	—	Acquired	596910	Direct
2019-04-30	Class B Common	F	442	$53.29	Disposed	596468	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-04-30	Stock Appreciation Right	$10.62	M	12007	Disposed	2019-04-30	Class B Common (12007.0)	Direct
2019-04-30	Restricted Stock Units	$	M	968	Disposed		Class B Common (968.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common	13197	Indirect
Class B Common	5810	Indirect
Class B Common	23812	Indirect
Class B Common	1178039	Indirect
Class B Common	264777	Indirect
Class B Common	11935	Indirect

Footnotes

F1: The closing price of BF-B on April 29, 2019 was used to calculate the withholding obligation.

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

F3: Each restricted stock unit represents a contingent right to receive one share of Brown-Forman Class B common stock.

F4: The Restricted Stock Units were granted on July 23, 2015, and vested on April 30, 2019.