SEC Form 4 · accession 0000014693-16-000119
BROWN FORMAN CORP · BF-A
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sandra Frazier
Director
Period of report
Apr 29, 2016
Accepted (ET)
May 3, 2016 · 8:07 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 | Apr 29, 2016 | M | 4,819 | $34.95 | A | 356,908 | D | |
| Class B CommonF1 | Apr 29, 2016 | F | 1,766 | $95.41 | D | 355,142 | D | |
| Class A Common | holding | — | — | — | 1,406,519 | D | ||
| Class A Common | holding | — | — | — | 3,174,471 | I | Amelia Frazier Trust | |
| Class B Common | holding | — | — | — | 793,617 | I | Amelia Frazier Trust |
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 | Apr 29, 2016 | M | 4,819 | D | Jul 27, 2006 | Apr 30, 2016 | Class B Common | 4,819 | 0 | D |
| Deferred Stock UnitsF2,F3 | — | holding | — | — | — | — | — | Class B Common | 1,709 | 1,709 | D |
| Stock Appreciation Right | $33.76 | holding | — | — | — | Jul 26, 2007 | Apr 30, 2017 | Class B Common | 5,987 | 5,987 | D |
| Stock Appreciation Right | $35.51 | holding | — | — | — | Jul 24, 2008 | Apr 30, 2018 | Class B Common | 5,495 | 5,495 | D |
| Stock Appreciation Right | $27.05 | holding | — | — | — | Jul 23, 2009 | Apr 30, 2019 | Class B Common | 6,752 | 6,752 | D |
Explanation of responses
- F1The closing price of BF-B ($95.41) on April 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.
- 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.