SEC Form 4 · accession 0000014693-17-000004

BROWN FORMAN CORP · BF-A

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).

Reporting owner

Jill Ackerman Jones

Officer — Executive Vice President

Period of report

Jan 13, 2017

Accepted (ET)

Jan 18, 2017 · 4:40 pm EST

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^F1	Jan 13, 2017	M	33,518	$11.60	A	73,368	D
Class B Common^F2	Jan 13, 2017	F	23,003	$44.17	D	50,365	D
Class B Common^F3	Jan 13, 2017	S	10,515	$43.9213	D	39,850	D
Class B Common^F4	Jan 13, 2017	I	3,566	$43.96	D	11,406	I	By 401k
Class A Common^F5	holding	—	—		—	41,872	D
Class A Common^F6	holding	—	—		—	694	I	DRIP
Class B Common^F7	holding	—	—		—	630	I	ESPP
Class A Common^F7	holding	—	—		—	5,499	I	ESPP
Class B Common^F8	holding	—	—		—	90	I	Trust fbo Child-1
Class B Common^F8	holding	—	—		—	90	I	Trust fbo Child-2

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^F9	$23.20	Jan 13, 2017	M	33,518	D	May 1, 2014	Apr 30, 2021	Class B Common	33,518	0	D
Stock Appreciation Right^F10	$45.985	holding	—	—	—	May 1, 2017	Apr 30, 2024	Class B Common	20,444	20,444	D
Stock Appreciation Right^F11	$49.005	holding	—	—	—	May 1, 2019	Apr 30, 2026	Class B Common	29,330	29,330	D
Stock Appreciation Right^F12	$29.35	holding	—	—	—	May 1, 2015	Apr 30, 2022	Class B Common	22,196	22,196	D
Stock Appreciation Right^F13	$36.21	holding	—	—	—	May 1, 2016	Apr 30, 2023	Class B Common	19,542	19,542	D
Stock Appreciation Right^F14	$51.125	holding	—	—	—	May 1, 2018	Apr 30, 2025	Class B Common	25,184	25,184	D

Explanation of responses

F1In August 2016, the Class A and Class B common stock of Brown-Forman Corporation split 2-1, resulting in the reporting person's acquisition of additional shares. Total also updated to correct prior dividend reinvestment.
F10These stock appreciation rights were previously reported as covering 10,222 shares at an exercise price of $91.97 but were adjusted to reflect the August 2016 stock split.
F11These stock appreciation rights were previously reported as covering 14,665 shares at an exercise price of $98.01, but were adjusted to reflect the August 2016 stock split.
F12These stock appreciation rights were previously reported as covering 11,098 shares at an exercise price of $58.70, but were adjusted to reflect the August 2016 stock split.
F13These stock appreciation rights were previously reported as covering 9,771 shares at an exercise price of $72.42, but were adjusted to reflect the August 2016 stock split.
F14These stock appreciation rights were previously reported as covering 12,592 shares at an exercise price of $102.25, but were adjusted to reflect the August 2016 stock split.
F2The closing price of BF-B on January 12, 2017 was used to calculate the withholding obligation.
F3The price reported in Column 4 is a weighted average price. These shares were multiple transactions at prices ranging from $43.875 to $43.97, inclusive. The reporting person undertakes to provide to Brown-Forman Corporation, any security holder of Brown-Forman Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares at each separate price within the range set forth in this footnote.
F4Number of shares acquired through issuer's 401(k) plan as of January 13, 2017, including additional shares issued in the August 2016 stock split.
F5Reflects the acquisition of 20,936 additional shares in the August 2016 stock split.
F6Number of shares acquired through the issuer's dividend reinvestment plan as of January 17, 2017, including additional shares issued in the August 2016 stock split.
F7Number of shares acquired through the issuer's employee stock purchase program as of January 17, 2017, including additional shares in the August 2016 stock split.
F8Reflects the acquisition of 45 additional shares in the August 2016 stock split.
F9These stock appreciation rights were previously reported as covering 16,759 shares at an exercise price of $46.40, but were adjusted to reflect the August 2016 Stock Split.