SEC Form 4 · accession 0000014693-17-000016
BROWN FORMAN CORP · BF-A
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lawson E Whiting
Officer — EVP, Chief Brands & Strategy
Period of report
Mar 10, 2017
Accepted (ET)
Mar 14, 2017 · 3:39 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 10, 2017 | M | 7,910 | $19.215 | A | 7,910 | D | |
| Class B Common | Mar 10, 2017 | M | 8,248 | $13.525 | A | 16,158 | D | |
| Class B CommonF1 | Mar 10, 2017 | F | 9,885 | $46.21 | D | 6,723 | D | |
| Class B Common | Mar 10, 2017 | S | 6,723 | $46.5201 | D | 0 | D | |
| Class A CommonF2 | holding | — | — | — | 3,081 | D | ||
| Class A CommonF3 | holding | — | — | — | 3 | 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 RightF4 | $13.525 | Mar 10, 2017 | M | 8,248 | D | May 1, 2012 | Apr 30, 2019 | Class B Common | 8,248 | 0 | D |
| Stock Appreciation RightF5 | $19.215 | Mar 10, 2017 | M | 7,910 | D | May 1, 2013 | Apr 30, 2020 | Class B Common | 7,910 | 0 | D |
| Stock Appreciation RightF6 | $23.20 | holding | — | — | — | May 1, 2014 | Apr 30, 2021 | Class B Common | 17,156 | 17,156 | D |
| Stock Appreciation RightF7 | $29.35 | holding | — | — | — | May 1, 2015 | Apr 30, 2022 | Class B Common | 15,518 | 15,518 | D |
| Stock Appreciation RightF8 | $36.21 | holding | — | — | — | May 1, 2016 | Apr 30, 2023 | Class B Common | 17,184 | 17,184 | D |
| Stock Appreciation RightF9 | $45.985 | holding | — | — | — | May 1, 2017 | Apr 30, 2024 | Class B Common | 12,078 | 12,078 | D |
| Stock Appreciation RightF10 | $51.1265 | holding | — | — | — | May 1, 2018 | Apr 30, 2025 | Class B Common | 15,740 | 15,740 | D |
| Stock Appreciation RightF11 | $49.005 | holding | — | — | — | May 1, 2019 | Apr 30, 2026 | Class B Common | 22,696 | 22,696 | D |
Explanation of responses
- F1The closing price of BF-B on March 9, 2017 was used to calculate the withholding obligation.
- F10These stock appreciation rights were previously reported as covering 7,870 shares at an exercise price of $102.25, but were adjusted to reflect the August 2016 stock split.
- F11These stock appreciation rights were previously reported as covering 11,348 shares at an exercise price of $98.01, but were adjusted to reflect the August 2016 stock split.
- F2Reflects the acquisition of 1,540 additional shares in the August 2016 stock split.
- F3Number of shares acquired through the issuer's dividend reinvestment plan as of March, 2017.
- F4These stock appreciation rights were previously reported as covering 4,124 shares at an exercise price of $27.05, but were adjusted to reflect the August 2016 stock split.
- F5These stock appreciation rights were previously reported as covering 3,955 shares at an exercise price of $38.43, but were adjusted to reflect the August 2016 stock split.
- F6These stock appreciation rights were previously reported as covering 8,578 shares at an exercise price of $46.40, but were adjusted to reflect the August 2016 stock split.
- F7These stock appreciation rights were previously reported as covering 7,759 shares at an exercise price of $58.70, but were adjusted to reflect the August 2016 stock split.
- F8These stock appreciation rights were previously reported as covering 8,592 shares at an exercise price of $72.42, but were adjusted to reflect the August 2016 stock split.
- F9These stock appreciation rights were previously reported as covering 6,039 shares at an exercise price of $91.97, but were adjusted to reflect the August 2016 stock split.