BROWN FORMAN CORP — Director's Dealing 2019

Jan 31, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN FORMAN CORP (BFA, BFB)
CIK: 0000014693
Period of Report: 2019-01-31

Reporting Person: Hamel Matthew E (EVP, Gen Counsel and Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-01-31	Class B Common	M	19101	$10.62	Acquired	76510	Direct
2019-01-31	Class B Common	F	9098	$46.53	Disposed	67412	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-01-31	Stock Appreciation Right	$10.62	M	19101	Disposed	2019-04-30	Class B Common (19101.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common	16028.3181	Indirect
Class B Common	2208.947	Indirect
Class B Common	1.5992	Indirect

Footnotes

F1: The closing price of BF-B on January 30, 2019 was used to calculate the withholding obligation.

F2: Number of shares acquired through the issuer's 401(k) plan as of January 30, 2019.

F3: Number of shares acquired through the issuer's employee stock purchase program as of January 31, 2019.

F4: Number of shares acquired through the issuer's dividend reinvestment plan as of January 31, 2019.