BROWN FORMAN CORP — Director's Dealing 2022

Jan 14, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN FORMAN CORP (BFA, BFB)
CIK: 0000014693
Period of Report: 2022-01-13

Reporting Person: Whiting Lawson E (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-01-13	Class B Common	M	20044	$22.724	Acquired	31676	Direct
2022-01-13	Class B Common	F	13033	$67.01	Disposed	18643	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-01-13	Stock Appreciation Right	$22.724	M	20044	Disposed	2022-04-30	Class B Common (20044.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common	0.6996	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$28.034	2023-04-30	Class B Common (22195.0)	22195	Direct
Stock Appreciation Right	$35.603	2024-04-30	Class B Common (15601.0)	15601	Direct
Stock Appreciation Right	$39.582	2025-04-30	Class B Common (20330.0)	20330	Direct
Stock Appreciation Right	$37.942	2026-04-30	Class B Common (29314.0)	29314	Direct
Stock Appreciation Right	$39.2	2027-04-30	Class B Common (34619.0)	34619	Direct
Stock Appreciation Right	$53.244	2028-04-30	Class B Common (41266.0)	41266	Direct
Stock Appreciation Right	$53.875	2029-04-30	Class B Common (111626.0)	111626	Direct
Stock Appreciation Right	$68.241	2030-04-30	Class B Common (109334.0)	109334	Direct
Stock Appreciation Right	$70.242	2031-04-30	Class B Common (101757.0)	101757	Direct

Footnotes

F1: The closing price of BF-B on January 12, 2022, was used to calculate the withholding obligation.

F2: Number of shares acquired through the issuer's dividend reinvestment plan as of January 14, 2022.

F3: These stock appreciation rights were previously reported as covering 19,763 shares at an exercise price of $23.047, but were adjusted to reflect the December 2021 special dividend.

F4: These stock appreciation rights were previously reported as covering 21,884 shares at an exercise price of $28.433, but were adjusted to reflect the December 2021 special dividend.

F5: These stock appreciation rights were previously reported as covering 15,382 shares at an exercise price of $36.109, but were adjusted to reflect the December 2021 special dividend.

F6: These stock appreciation rights were previously reported as covering 20,045 shares at an exercise price of $40.145, but were adjusted to reflect the December 2021 special dividend.

F7: These stock appreciation rights were previously reported as covering 28,903 shares at an exercise price of $38.481, but were adjusted to reflect the December 2021 special dividend.

F8: These stock appreciation rights were previously reported as covering 34,134 shares at an exercise price of $39.757, but were adjusted to reflect the December 2021 special dividend.

F9: These stock appreciation rights were previously reported as covering 40,688 shares at an exercise price of $54, but were adjusted to reflect the December 2021 special dividend.

F10: These stock appreciation rights were previously reported as covering 110,063 shares at an exercise price of $54.64, but were adjusted to reflect the December 2021 special dividend.

F11: These stock appreciation rights were previously reported as covering 107,803 shares at an exercise price of $69.21, but were adjusted to reflect the December 2021 special dividend.

F12: These stock appreciation rights were previously reported as covering 100,332 shares at an exercise price of $71.24, but were adjusted to reflect the December 2021 special dividend.