SEC Form 4 · accession 0000014693-17-000104
BROWN FORMAN CORP · BF-A
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jill Ackerman Jones
Officer — Executive Vice President
Period of report
Jun 1, 2017
Accepted (ET)
Jun 5, 2017 · 5:36 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 | Jun 1, 2017 | A | 2,668 | $0.00 | A | 44,540 | D | |
| Class A CommonF2 | holding | — | — | — | 826 | I | DRIP | |
| Class A CommonF3 | holding | — | — | — | 5,583 | I | ESPP |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares were issued on June 1, 2017, in connection with a July 24, 2014 award of Class A common performance-based restricted stock. The award, initially determined as a cash value, was subject to a three-year performance period, which ended April 30, 2017. The number of shares issued was determined by multiplying the cash value of the award by a three-year performance adjustment factor, dividing the amount by $45.125, which is the closing price of the issuer's Class A common stock on the date of the grant, and then adjusting upwards to account for dividends paid during the performance period.
- F2Number of shares acquired through the issuer's dividend reinvestment plan as of June 5, 2017.
- F3Number of shares acquired through the issuer's employee stock purchase program as of June 5, 2017.