SEC Form 4 · accession 0000014693-17-000164
BROWN FORMAN CORP · BF-A
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John D. Cook
Director
Period of report
Jul 27, 2017
Accepted (ET)
Jul 31, 2017 · 8:22 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000014693
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Stock UnitsF3,F1,F2 | — | Jul 27, 2017 | A | 3,540 | A | — | — | Class A Common | 3,540 | 19,371 | D |
| Deferred Stock UnitsF3,F4,F5 | — | holding | — | — | — | — | — | Class B Common | 10,565 | 10,565 | D |
| Stock Appreciation RightF6 | $18.08 | holding | — | — | — | Sep 25, 2008 | Apr 30, 2018 | Class B Common | 9,032 | 9,032 | D |
| Stock Appreciation RightF7 | $13.525 | holding | — | — | — | Jul 23, 2009 | Apr 30, 2019 | Class B Common | 24,902 | 24,902 | D |
| Stock Appreciation RightF8 | $19.215 | holding | — | — | — | Jul 22, 2010 | Apr 30, 2020 | Class B Common | 9,570 | 9,570 | D |
Explanation of responses
- F1Under the Brown-Forman Corporation Non-Employee Director Deferred Stock Unit Program, each DSU represents the right to receive one share of the Company's Class A common stock. Grants made on July 27, 2017, were based on the closing price of the Company's Class A common stock on that date ($52.26). On each dividend payment date, participants are credited with DSU equivalents, and the DSU total on this form has been updated to reflect such credits.
- F2Annual grants of DSUs vest over the course of the Board year. DSUs are paid out in Class A common stock on the first February 1 that is at least six months following the director's termination from Board service.
- F3Updated to reflect the August 2016 stock split.
- F4Under the Brown-Forman Corporation Non-Employee Director Deferred Stock Unit Program each DSU represents the right to receive one share of the Company's Class B common stock. On each dividend payment date, participants are credited with DSU equivalents.
- F5Annual grants of DSUs vest over the course of the Board year. DSUs are paid out in class B common stock on the first February 1 that is at least six months following the Director's termination from Board service.
- F6These stock appreciation rights were previously reported as covering 4,516 shares at an exercise price of $36.16, but were adjusted to reflect the August 2016 stock split.
- F7These stock appreciation rights were previously reported as covering 12,451 shares at an exercise price of $27.05, but were adjusted to reflect the August 2016 stock split.
- F8These stock appreciation rights were previously reported as covering 4,785 shares at an exercise price of $38.43, but were adjusted to reflect the August 2016 stock split.