SEC Form 4 · accession 0000014693-16-000088
BROWN FORMAN CORP · BF-A
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Chavanne Patrick Bousquet
Director
Period of report
Mar 29, 2016
Accepted (ET)
Mar 31, 2016 · 5:36 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000014693
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class B Common | Mar 29, 2016 | M | 9,036 | $34.95 | A | 14,052 | D | |
| Class B Common | Mar 29, 2016 | M | 10,639 | $33.76 | A | 24,691 | D | |
| Class B Common | Mar 29, 2016 | M | 10,134 | $35.51 | A | 34,825 | D | |
| Class B Common | Mar 29, 2016 | M | 12,451 | $27.05 | A | 47,276 | D | |
| Class B Common | Mar 29, 2016 | M | 4,785 | $38.43 | A | 52,061 | D | |
| Class B CommonF1 | Mar 29, 2016 | F | 25,395 | $96.54 | D | 26,666 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation Right | $34.95 | Mar 29, 2016 | M | 9,036 | D | Jul 27, 2006 | Apr 30, 2016 | Class B Common | 9,036 | 0 | D |
| Stock Appreciation Right | $33.76 | Mar 29, 2016 | M | 10,639 | D | Jul 26, 2007 | Apr 30, 2017 | Class B Common | 10,639 | 0 | D |
| Stock Appreciation Right | $35.51 | Mar 29, 2016 | M | 10,134 | D | Jul 24, 2008 | Apr 30, 2018 | Class B Common | 10,134 | 0 | D |
| Stock Appreciation Right | $27.05 | Mar 29, 2016 | M | 12,451 | D | Jul 23, 2009 | Apr 30, 2019 | Class B Common | 12,451 | 0 | D |
| Stock Appreciation Right | $38.43 | Mar 29, 2016 | M | 4,785 | D | Jul 22, 2010 | Apr 30, 2020 | Class B Common | 4,785 | 0 | D |
| Deferred Stock UnitsF2,F3 | — | holding | — | — | — | — | — | Class B Common | 5,133 | 5,133 | D |
| Deferred Stock UnitsF4,F5 | — | holding | — | — | — | — | — | Class A Common | 5,965 | 5,965 | D |
Explanation of responses
- F1The closing price of BF-B on March 28, 2016 was used to calculate the withholding obligation.
- F2Under the Brown-Forman Corporation Non-Employee Director Deferred Stock Unit Program each DSU represents the right to receive one share of the Company's Class B common stock. On each dividend payment date, participants are credited with DSU equivalents, and the DSU totals on this form have been updated to reflect such credits.
- F3Annual grants of DSUs vest over the course of the Board year. DSUs are paid out in class B common stock on the first February 1 that is at least six months following the Director's termination from Board service.
- F4Under the Brown-Forman Corporation Non-Employee Director Deferred Stock Unit Program each DSU represents the right to receive one share of the Company's Class A Common Stock. Grants made on July 23, 2015, were based on the closing price of the Company's Class A common stock on that date ($111.30). On each dividend payment date, participants are credited with DSU equivalents, and the DSU totals on this form have been updated to reflect such credits.
- F5Annual grants of DSUs vest over the course of the Board year. DSUs are paid out in class A common stock on the first February 1 that is at least six months following the Director's termination from Board service.