SEC Form 4 · accession 0000014693-17-000051
BROWN FORMAN CORP · BF-A
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ralph E de Chabert
Officer — SVP, Chief Diversity Officer
Period of report
Apr 7, 2017
Accepted (ET)
Apr 11, 2017 · 5:02 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 CommonF1,F2 | Apr 7, 2017 | S | 1,760 | $45.5283 | D | 4,610 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF5,F3,F4 | — | holding | — | — | — | Apr 30, 2017 | — | Class B Common | 238 | 238 | D |
| Restricted Stock UnitsF7,F3,F6 | — | holding | — | — | — | Apr 30, 2018 | — | Class B Common | 286 | 286 | D |
| Stock Appreciation RightF8 | $13.525 | holding | — | — | — | May 1, 2012 | Apr 30, 2019 | Class B Common | 1,180 | 1,180 | D |
| Stock Appreciation RightF9 | $23.20 | holding | — | — | — | May 1, 2014 | Apr 30, 2021 | Class B Common | 3,434 | 3,434 | D |
| Stock Appreciation RightF10 | $36.21 | holding | — | — | — | May 1, 2016 | Apr 30, 2023 | Class B Common | 1,154 | 1,154 | D |
| Stock Appreciation RightF11 | $45.985 | holding | — | — | — | May 1, 2017 | Apr 30, 2024 | Class B Common | 1,334 | 1,334 | D |
| Stock Appreciation RightF12 | $51.125 | holding | — | — | — | May 1, 2018 | Apr 30, 2025 | Class B Common | 5,616 | 5,616 | D |
| Stock Appreciation RightF13 | $49.005 | holding | — | — | — | May 1, 2019 | Apr 30, 2026 | Class B Common | 6,432 | 6,432 | 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 $45.5271 to $45.53, 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 577 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 667 shares at an exercise price of $91.97, but were adjusted to reflect the August 2016 stock split.
- F12These stock appreciation rights were previously reported as covering 2,808 shares at an exercise price of $102.25, but were adjusted to reflect the August 2016 stock split.
- F13These stock appreciation rights were previously reported as covering 3,216 shares at an exercise price of $98.01, but were adjusted to reflect the August 2016 stock split.
- F2Updated to reflect the August 2016 stock split and corrected as a result of prior reporting error.
- F3Each restricted stock unit represents a contingent right to receive one share of Brown-Forman Class B common stock.
- F4The restricted stock units were granted on July 25, 2013, and vest April 30, 2017.
- F5Reflects the acquisition of 119 additional restricted stock units in the August 2016 stock split.
- F6The restricted stock units were granted on July 24, 2014, and vest April 30, 2018.
- F7Reflects the acquisition of 143 additional restricted stock units in the August 2016 stock split.
- F8These stock appreciation rights were previously reported as covering 590 shares at an exercise price of $27.05 but were adjusted to reflect the August 2016 stock split.
- F9These stock appreciation rights were previously reported as covering 1,717 shares at an exercise price of $46.40, but were adjusted to reflect the August 2016 stock split.