BROWN FORMAN CORP — Director's Dealing 2020

May 1, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN FORMAN CORP (BFA, BFB)
CIK: 0000014693
Period of Report: 2020-04-30

Reporting Person: Brown Campbell P (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-04-30	Class B Common	M	2260	$15.088	Acquired	726865	Direct
2020-04-30	Class B Common	F	1108	$63.26	Disposed	725757	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-04-30	Stock Appreciation Right	$15.088	M	2260	Disposed	2020-04-30	Class B Common (2260.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common	22449.7494	Indirect
Class B Common	12676.3035	Indirect
Class B Common	916987	Indirect
Class B Common	264777	Indirect
Class B Common	220090	Indirect
Class B Common	88166	Indirect
Class B Common	45	Indirect
Class B Common	45	Indirect
Class B Common	299326	Indirect
Class B Common	60543	Indirect
Class B Common	30285	Indirect
Class B Common	88166	Indirect
Class B Common	35625	Indirect

Footnotes

F1: Total adjusted to correct prior mathematical error.

F2: The closing price of BF-B on April 29, 2020 was used to calculate the withholding obligation.

F3: Number of shares acquired through the issuer's 401(k) plan as of April 30, 2020.

F4: Number of shares acquired through the issuer's employee stock purchase program as of April 30, 2020.