SEC Form 4 · accession 0000014693-17-000018
BROWN FORMAN CORP · BF-A
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark I McCallum
Officer — EVP/Pres. Jack Daniel's Brands
Period of report
Mar 10, 2017
Accepted (ET)
Mar 14, 2017 · 3:43 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 | Mar 10, 2017 | S | 17,872 | $47.4709 | D | 47,275 | D | |
| Class B CommonF3,F4 | Mar 10, 2017 | S | 14,750 | $46.4872 | D | 10,714 | D | |
| Class B CommonF5 | holding | — | — | — | 54 | I | By Son |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightF6 | $45.985 | holding | — | — | — | May 1, 2017 | Apr 30, 2024 | Class B Common | 27,354 | 27,354 | D |
| Stock Appreciation RightF7 | $29.35 | holding | — | — | — | May 1, 2015 | Apr 30, 2022 | Class B Common | 49,718 | 49,718 | D |
| Stock Appreciation RightF8 | $19.215 | holding | — | — | — | May 1, 2013 | Apr 30, 2020 | Class B Common | 40,910 | 40,910 | D |
| Stock Appreciation RightF9 | $51.125 | holding | — | — | — | May 1, 2018 | Apr 30, 2025 | Class B Common | 22,300 | 22,300 | D |
| Stock Appreciation RightF10 | $36.21 | holding | — | — | — | May 1, 2016 | Apr 30, 2023 | Class B Common | 31,942 | 31,942 | D |
| Stock Appreciation RightF11 | $23.20 | holding | — | — | — | May 1, 2014 | Apr 30, 2021 | Class B Common | 46,288 | 46,288 | D |
| Stock Appreciation RightF12 | $13.525 | holding | — | — | — | May 1, 2012 | Apr 30, 2019 | Class B Common | 46,874 | 46,874 | D |
| Stock Appreciation RightF13 | $49.005 | holding | — | — | — | May 1, 2019 | Apr 30, 2026 | Class B Common | 30,028 | 30,028 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.16 to $47.92, 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.
- F10These stock appreciation rights were previously reported as covering 15,971 shares at an exercise price of $72.42, but were adjusted to reflect the August 2016 stock split.
- F11These stock appreciation rights were previously reported as covering 23,144 shares at an exercise price of $46.40, but were adjusted to reflect the August 2016 stock split.
- F12These stock appreciation rights were previously reported as covering 23,437 shares at an exercise price of $27.05, but were adjusted to reflect the August 2016 stock split.
- F13These stock appreciation rights were previously reported as covering 15,014 shares at an exercise price of $98.01, but were adjusted to reflect the August 2016 stock split.
- F2Reflects the acquisition of 32,573.50 additional shares in the August 2016 stock split.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.08 to $46.60, 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.
- F4Reflects the acquisition of 12,732 additional shares in the August 2016 stock split.
- F5Reflects the acquisition of 27 additional shares in the August 2016 stock split.
- F6These stock appreciation rights were previously reported as covering 13,677 shares at an exercise price of $91.97, but were adjusted to reflect the August 2016 stock split.
- F7These stock appreciation rights were previously reported as covering 24,859 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 20,455 shares at an exercise price of $38.43, but were adjusted to reflect the August 2016 stock split.
- F9These stock appreciation rights were previously reported as covering 11,150 shares at an exercise price of $102.25, but were adjusted to reflect the August 2016 stock split.