SEC Form 4 · accession 0000014693-17-000061
BROWN FORMAN CORP · BF-A
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kirsten M Hawley
Officer — SVP, Chief HR Officer
Period of report
Apr 30, 2017
Accepted (ET)
May 2, 2017 · 7:50 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,F3 | Apr 30, 2017 | F | 314 | $48.06 | D | 632 | D | |
| Class A CommonF4 | holding | — | — | — | 13 | I | DRIP | |
| Class B CommonF5 | holding | — | — | — | 1,986 | D | ||
| Class B CommonF6 | holding | — | — | — | 4,042 | I | By 401k |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightF7 | $45.985 | holding | — | — | — | May 1, 2017 | Apr 30, 2024 | Class B Common | 4,446 | 4,446 | D |
| Stock Appreciation RightF8 | $49.005 | holding | — | — | — | May 1, 2019 | Apr 30, 2026 | Class B Common | 13,968 | 13,968 | D |
| Stock Appreciation RightF9 | $29.35 | holding | — | — | — | May 1, 2015 | Apr 30, 2022 | Class B Common | 3,920 | 3,920 | D |
| Stock Appreciation RightF10 | $36.21 | holding | — | — | — | May 1, 2016 | Apr 30, 2023 | Class B Common | 5,036 | 5,036 | D |
| Stock Appreciation RightF11 | $51.125 | holding | — | — | — | May 1, 2018 | Apr 30, 2025 | Class B Common | 11,018 | 11,018 | D |
Explanation of responses
- F1To satisfy withholding obligations associated with the July 25, 2013 award of Class A common stock that vested on April 30, 2017, the reporting person surrendered 314 shares of Class A common stock.
- F10These stock appreciation rights were previously reported as covering 2,518 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 5,509 shares at an exercise price of $102.25, but were adjusted to reflect the August 2016 stock split.
- F2The closing price of BF-A ($48.06) on April 28, 2017 was used to calculate the withholding obligation.
- F3In 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 473 additional shares.
- F4Number of shares acquired through the issuer's dividend reinvestment plan as of May 2, 2017.
- F5On August 18, 2016, the Class A and Class B common stock of Brown-Forman Corporation split 2-1, resulting in the reporting person's acquisition of 993 additonal shares.
- F6Number of shares acquired through the issuer's 401(k) plan as of May 2, 2017.
- F7These stock appreciation rights were previously reported as covering 2,223 shares at an exercise price of $91.97, but were adjusted to reflect the August 2016 stock split.
- F8These stock appreciation rights were previously reported as covering 6,984 shares at an exercise price of $98.01, but were adjusted to reflect the August 2016 stock split.
- F9These stock appreciation rights were previously reported as covering 1,960 shares at an exercise price of $58.70, but were adjusted to reflect the August 2016 stock split.