SEC Form 4 · accession 0000014693-16-000124
BROWN FORMAN CORP · BF-A
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul C Varga
Officer — Chairman & CEO · Director
Period of report
Apr 30, 2016
Accepted (ET)
May 3, 2016 · 8:08 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 A CommonF1,F2,F3 | Apr 30, 2016 | F | 11,566 | $103.71 | D | 79,008 | D | |
| Class B CommonF3 | holding | — | — | — | 0 | D | ||
| Class B Common | holding | — | — | — | 20,000 | I | Family Trust | |
| Class A Common | holding | — | — | — | 222 | I | PCV Investments LLC | |
| Class B Common | holding | — | — | — | 33,031 | I | PCV Investments LLC | |
| Class A CommonF3 | holding | — | — | — | 156,182 | I | GRAT | |
| Class B CommonF3 | holding | — | — | — | 47,902 | I | GRAT |
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 | $46.40 | holding | — | — | — | May 1, 2014 | Apr 30, 2021 | Class B Common | 95,761 | 95,761 | D |
| Stock Appreciation Right | $58.70 | holding | — | — | — | May 1, 2015 | Apr 30, 2022 | Class B Common | 92,514 | 92,514 | D |
| Stock Appreciation Right | $72.42 | holding | — | — | — | May 1, 2016 | Apr 30, 2023 | Class B Common | 62,332 | 62,332 | D |
| Stock Appreciation Right | $91.97 | holding | — | — | — | May 1, 2017 | Apr 30, 2024 | Class B Common | 61,023 | 61,023 | D |
| Stock Appreciation Right | $102.25 | holding | — | — | — | May 1, 2018 | Apr 30, 2025 | Class B Common | 77,125 | 77,125 | D |
Explanation of responses
- F1To satisfy withholding obligations associated with the July 26, 2012 grant of Class A common stock that vested on April 30, 2016, the reporting person surrendered 11,566 shares of Class A common stock.
- F2The closing prices of BF-A ($103.71) on April 29, 2016 was used to calculate the withholding obligation.
- F3On August 24, 2015, the reporting person transferred 156,182 Class A shares and 47,902 Class B shares to a grantor retained annuity trust.