SEC Form 4 · accession 0000014693-17-000079

BROWN FORMAN CORP · BF-A

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Paul C Varga

Officer — Chairman & CEO · Director

Period of report

Apr 30, 2017

Accepted (ET)

May 2, 2017 · 8:15 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 Common^F1,F2,F3	Apr 30, 2017	F	13,429	$48.06	D	171,363	D
Class A Common^F4	holding	—	—		—	3,688	I	DRIP
Class A Common^F5	holding	—	—		—	312,364	I	GRAT
Class A Common^F6	holding	—	—		—	444	I	PCV Investments LLC
Class B Common^F7	holding	—	—		—	40,000	I	Family Trust
Class B Common^F8	holding	—	—		—	95,804	I	GRAT
Class B Common^F9	holding	—	—		—	66,062	I	PCV Investments LLC

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Appreciation Right^F10	$23.20	holding	—	—	—	May 1, 2014	Apr 30, 2021	Class B Common	191,522	191,522	D
Stock Appreciation Right^F11	$29.35	holding	—	—	—	May 1, 2015	Apr 30, 2022	Class B Common	185,028	185,028	D
Stock Appreciation Right^F12	$36.21	holding	—	—	—	May 1, 2016	Apr 30, 2023	Class B Common	124,664	124,664	D
Stock Appreciation Right^F13	$45.985	holding	—	—	—	May 1, 2017	Apr 30, 2024	Class B Common	122,046	122,046	D
Stock Appreciation Right^F14	$51.125	holding	—	—	—	May 1, 2018	Apr 30, 2025	Class B Common	154,250	154,250	D
Stock Appreciation Right^F15	$49.005	holding	—	—	—	May 1, 2019	Apr 30, 2026	Class B Common	215,084	215,084	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 13,429 shares of Class A common stock.
F10These stock appreciation rights were previously reported as covering 95,761 shares at an exercise price of $46.40, but were adjusted to reflect the August 2016 stock split.
F11These stock appreciation rights were previously reported as covering 92,514 shares at an exercise price of $58.70, but were adjusted to reflect the August 2016 stock split.
F12These stock appreciation rights were previously reported as covering 62,332 shares at an exercise price of $72.42, but were adjusted to reflect the August 2016 stock split.
F13These stock appreciation rights were previously reported as covering 61,023 shares at an exercise price of $91.97, but were adjusted to reflect the August 2016 stock split.
F14These stock appreciation rights were previously reported as covering 77,125 shares at an exercise price of $102.25, but were adjusted to reflect the August 2016 stock split.
F15These stock appreciation rights were previously reported as covering 107,542 shares at an exercise price of $98.01, 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 92,396 additional shares.
F4Number of shares acquired through the issuer's Omnibus dividend reinvestment as of May 2, 2017. Updated to reflect the August 2016 Stock Split.
F5Reflects the acquisition of 156,182 additional shares in the August 2016 stock split.
F6Reflects the acquisition of 222 additional shares in the August 2016 stock split.
F7Reflects the acquisition of 20,000 additional shares in the August 2016 stock split.
F8Reflects the acquisition of 47,902 additional shares in the August 2016 stock split.
F9Reflects the acquisition of 33,031 additional shares in the August 2016 stock split.