SEC Form 4 · accession 0000014693-17-000075
BROWN FORMAN CORP · BF-A
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alejandro A Alvarez
Officer — SVP, CPO
Period of report
Apr 30, 2017
Accepted (ET)
May 2, 2017 · 8:07 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 30, 2017 | M | 238 | $0.00 | A | 602 | D | |
| Class B CommonF3 | Apr 30, 2017 | F | 83 | $47.32 | D | 519 | D | |
| Class B CommonF4 | holding | — | — | — | 1,106 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF5,F1,F6 | — | Apr 30, 2017 | M | 238 | D | Apr 30, 2017 | — | Class B Common | 238 | 0 | D |
| Stock Appreciation RightF7 | $23.20 | holding | — | — | — | May 1, 2014 | Apr 30, 2021 | Class B Common | 8,314 | 8,314 | D |
| Stock Appreciation RightF8 | $29.35 | holding | — | — | — | May 1, 2015 | Apr 30, 2022 | Class B Common | 6,100 | 6,100 | D |
| Stock Appreciation RightF9 | $36.21 | holding | — | — | — | May 1, 2016 | Apr 30, 2023 | Class B Common | 6,916 | 6,916 | D |
| Stock Appreciation RightF10 | $45.985 | holding | — | — | — | May 1, 2017 | Apr 30, 2024 | Class B Common | 8,138 | 8,138 | D |
| Stock Appreciation RightF11 | $51.125 | holding | — | — | — | May 1, 2018 | Apr 30, 2025 | Class B Common | 14,166 | 14,166 | D |
| Stock Appreciation RightF12 | $49.005 | holding | — | — | — | May 1, 2019 | Apr 30, 2026 | Class B Common | 16,760 | 16,760 | D |
Explanation of responses
- F1The Restricted Stock Units were granted on July 25, 2013, and vested on April 30, 2017.
- F10These stock appreciation rights were previously reported as covering 4,069 shares at an exercise price of $91.97, but were adjusted to reflect the August 2016 stock split.
- F11These stock appreciation rights were previously reported as covering 7,083 shares at an exercise price of $102.25, but were adjusted to reflect the August 2016 stock split.
- F12These stock appreciation rights were previously reported as covering 8,380 shares at an exercise price of $98.01, but were adjusted to reflect the August 2016 stock split.
- F2In 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 182 additional shares.
- F3The closing price of BF-B on April 28, 2017 was used to calculate the withholding obligation.
- F4Number of shares acquired through the issuer's 401(k) plan as of May 2, 2017.
- F5Each restricted stock unit represents a contingent right to receive one share of Brown-Forman Class B common stock.
- F6Reflects the acquisition of 119 additional restricted stock units in the August 2016 stock split.
- F7These stock appreciation rights were previously reported as covering 4,157 shares at an exercise price of $46.40, but were adjusted to reflect the August 2016 stock split.
- F8These stock appreciation rights were previously reported as covering 3,050 shares at an exercise price of $58.70, but were adjusted to reflect the August 2016 stock split.
- F9These stock appreciation rights were previously reported as covering 3,458 shares at an exercise price of $72.42, but were adjusted to reflect the August 2016 stock split.