SEC Form 4 · accession 0000014693-17-000006
BROWN FORMAN CORP · BF-A
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lisa P Steiner
Officer — SVP, Chief of Staff
Period of report
Jan 13, 2017
Accepted (ET)
Jan 18, 2017 · 4:52 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 CommonF1 | Jan 13, 2017 | M | 13,478 | $44.17 | A | 22,462 | D | |
| Class B CommonF2 | Jan 13, 2017 | F | 12,042 | $44.17 | D | 10,462 | D | |
| Class B CommonF3 | Jan 13, 2017 | S | 1,436 | $43.875 | D | 8,984 | D | |
| Class B Common | Jan 13, 2017 | S | 8,502 | $43.9197 | D | 482 | D | |
| Class A CommonF1 | holding | — | — | — | 16,900 | D | ||
| Class B CommonF4 | holding | — | — | — | 260 | I | DRIP | |
| Class A CommonF4 | holding | — | — | — | 1,564 | I | DRIP |
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 | $36.21 | Jan 13, 2017 | M | 13,478 | D | May 1, 2016 | Apr 30, 2023 | Class B Common | 13,478 | 0 | D |
| Stock Appreciation Right | $49.005 | holding | — | — | — | May 1, 2019 | Apr 30, 2026 | Class B Common | 15,014 | 15,014 | D |
| Stock Appreciation Right | $51.125 | holding | — | — | — | May 1, 2018 | Apr 30, 2025 | Class B Common | 11,282 | 11,282 | D |
| Stock Appreciation Right | $45.985 | holding | — | — | — | May 1, 2017 | Apr 30, 2024 | Class B Common | 10,934 | 10,934 | D |
Explanation of responses
- F1Total updated to correct prior reporting error.
- 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 sold in multiple transactions at prices ranging from $43.871 to $43.88, 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 sold at each separate price within the range set forth in this footnote.
- F4Number of shares acquired through the issuer's dividend reinvestment plan as of January 17, 2017.