BROWN FORMAN CORP — Director's Dealing 2020

Sep 17, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN FORMAN CORP (BFA, BFB)
CIK: 0000014693
Period of Report: 2020-09-15

Reporting Person: Brown Kelli (SVP, Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-09-15	Class B Common	M	1024	$36.109	Acquired	2173	Direct
2020-09-15	Class B Common	M	1500	$40.145	Acquired	3673	Direct
2020-09-15	Class B Common	F	1625	$79.49	Disposed	2048	Direct
2020-09-15	Class B Common	S	899	$78.9657	Disposed	1149	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-09-15	Stock Appreciation Right	$36.109	M	1024	Disposed	2024-04-30	Class B Common (1024.0)	Direct
2020-09-15	Stock Appreciation Right	$40.145	M	1500	Disposed	2025-04-30	Class B Common (1500.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common	770.1125	Indirect
Class B Common	8.1852	Indirect

Footnotes

F1: The closing price of BF-B on September 14, 2020 was used to calculate the withholding obligation.

F2: Number of shares acquired through the issuer's employee stock purchase program as of September 15, 2020.

F3: Number of shares acquired through the issuer's dividend reinvestment plan as of September 15, 2020.