BROWN FORMAN CORP — Director's Dealing 2021

Jan 5, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN FORMAN CORP (BFA, BFB)
CIK: 0000014693
Period of Report: 2021-01-04

Reporting Person: MORREAU JANE C (EVP, Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-04	Class B Common	M	28267	$23.047	Acquired	46307	Direct
2021-01-04	Class B Common	F	15743	$79.43	Disposed	30564	Direct
2021-01-04	Class B Common	S	12524	$78.7522	Disposed	18040	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-04	Stock Appreciation Right	$23.047	M	28267	Disposed	2022-04-30	Class B Common (28267.0)	Direct

Footnotes

F1: Total updated to reflect the transfer of ESPP shares to direct holdings.

F2: The closing price of BF-B on December 31, 2020 was used to calculate the withholding obligation.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $78.38 to $79.82, inclusive. The reporting person undertakes to provide to Brown-Forman Corporation, any security holder of Brown-Forman Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.