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BROWN FORMAN CORP Director's Dealing 2022

Feb 2, 2022

30482_dirs_2022-02-01_ccaf01be-4468-4a41-9b58-1755fe711fd2.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN FORMAN CORP (BFA, BFB)
CIK: 0000014693
Period of Report: 2022-01-31

Reporting Person: Hamel Matthew E (EVP and General Counsel)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2022-01-31 Class B Common M 14133 $22.724 Acquired 21040 Direct
2022-01-31 Class B Common F 9133 $67.25 Disposed 11907 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2022-01-31 Stock Appreciation Right $22.724 M 14133 Disposed 2022-04-30 Class B Common (14133.0) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Class A Common 998 Direct
Class A Common 59.5401 Indirect
Class A Common 6983 Indirect
Class A Common 24860 Indirect
Class B Common 18694.4047 Indirect
Class B Common 12.8614 Indirect
Class B Common 3996.8756 Indirect
Class B Common 25812 Indirect
Class B Common 41617 Indirect
Class B Common 70272 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Appreciation Right $28.034 2023-04-30 Class B Common (43520.0) 43520 Direct
Stock Appreciation Right $35.603 2024-04-30 Class B Common (34155.0) 34155 Direct
Stock Appreciation Right $39.582 2025-04-30 Class B Common (38965.0) 38965 Direct
Stock Appreciation Right $37.942 2026-04-30 Class B Common (57274.0) 57274 Direct
Stock Appreciation Right $39.2 2027-04-30 Class B Common (48314.0) 48314 Direct
Stock Appreciation Right $53.244 2028-04-30 Class B Common (29989.0) 29989 Direct
Stock Appreciation Right $53.875 2029-04-30 Class B Common (30694.0) 30694 Direct
Stock Appreciation Right $68.241 2030-04-30 Class B Common (23384.0) 23384 Direct
Stock Appreciation Right $70.242 2031-04-30 Class B Common (13711.0) 13711 Direct

Footnotes

F1: Total adjusted to reflect the transfer of 5,104 Class B shares from GRAT to direct holdings, and the transfer of 25,812 Class B shares from direct holdings to 2021 GRAT.

F2: The closing price of BF-B on January 28, 2022, was used to calculate the withholding obligation.

F3: Total adjusted to reflect the transfer of 2,955 Class A shares from GRAT to direct holdings, and the transfer of 6,983 Class A shares from direct holdings to 2021 GRAT.

F4: Number of shares acquired through the issuer's dividend reinvestment plan as of January 31, 2022.

F5: Reflects the transfer of 6,983 Class A shares from direct holdings to 2021 GRAT.

F6: Total adjusted to reflect the transfer of 2,955 Class A shares from GRAT to direct holdings.

F7: Number of shares acquired through the issuer's 401(k) plan as of January 31, 2022.

F8: Number of shares acquired through the issuer's employee stock purchase program as of January 31, 2022.

F9: Reflects the transfer of 25,812 Class B shares from direct holdings to 2021 GRAT.

F10: Total adjusted to reflect the transfer of 5,104 Class B shares from GRAT to direct holdings.

F11: These stock appreciation rights were previously reported as covering 28,265 shares at an exercise price of $23.047, but were adjusted to reflect the December 2021 special dividend.

F12: These stock appreciation rights were previously reported as covering 42,910 shares at an exercise price of $28.433, but were adjusted to reflect the December 2021 special dividend.

F13: These stock appreciation rights were previously reported as covering 33,676 shares at an exercise price of $36.109, but were adjusted to reflect the December 2021 special dividend.

F14: These stock appreciation rights were previously reported as covering 38,419 shares at an exercise price of $40.145, but were adjusted to reflect the December 2021 special dividend.

F15: These stock appreciation rights were previously reported as covering 56,472 shares at an exercise price of $38.481, but were adjusted to reflect the December 2021 special dividend.

F16: These stock appreciation rights were previously reported as covering 47,637 shares at an exercise price of $39.757, but were adjusted to reflect the December 2021 special dividend.

F17: These stock appreciation rights were previously reported as covering 29,569 shares at an exercise price of $54, but were adjusted to reflect the December 2021 special dividend.

F18: These stock appreciation rights were previously reported as covering 30,264 shares at an exercise price of $54.64, but were adjusted to reflect the December 2021 special dividend.

F19: These stock appreciation rights were previously reported as covering 23,056 shares at an exercise price of $69.21, but were adjusted to reflect the December 2021 special dividend.

F20: These stock appreciation rights were previously reported as covering 13,519 shares at an exercise price of $71.24, but were adjusted to reflect the December 2021 special dividend.