SEC Form 4 · accession 0000014693-18-000025

BROWN FORMAN CORP · BF-A

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

Reporting owner

John V. Hayes

Officer — SVP, Chief Marketing Officer

Period of report

Mar 28, 2018

Accepted (ET)

Mar 30, 2018 · 7:27 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 Common^F1	Mar 28, 2018	M	16,783	$14.20	A	26,835	D
Class B Common^F2	Mar 28, 2018	F	8,451	$53.82	D	18,384	D
Class B Common	holding	—	—		—	5,894	I	By 401k
Class B Common^F3	holding	—	—		—	33	I	ESPP
Class B Common^F4	holding	—	—		—	14,267	I	Hayes 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^F5	$14.20	Mar 28, 2018	M	16,783	D	May 1, 2011	Apr 30, 2018	Class B Common	16,783	0	D
Stock Appreciation Right^F6	$10.82	holding	—	—	—	May 1, 2012	Apr 30, 2019	Class B Common	32,498	32,498	D
Stock Appreciation Right^F7	$15.372	holding	—	—	—	May 1, 2013	Apr 30, 2020	Class B Common	27,275	27,275	D
Stock Appreciation Right^F8	$18.56	holding	—	—	—	May 1, 2014	Apr 30, 2021	Class B Common	28,378	28,378	D
Stock Appreciation Right^F9	$23.48	holding	—	—	—	May 1, 2015	Apr 30, 2022	Class B Common	21,403	21,403	D
Stock Appreciation Right^F10	$28.968	holding	—	—	—	May 1, 2016	Apr 30, 2023	Class B Common	8,853	8,853	D
Stock Appreciation Right^F11	$36.788	holding	—	—	—	May 1, 2017	Apr 30, 2024	Class B Common	7,068	7,068	D
Stock Appreciation Right^F12	$40.90	holding	—	—	—	May 1, 2018	Apr 30, 2025	Class B Common	9,020	9,020	D
Stock Appreciation Right^F13	$39.204	holding	—	—	—	May 1, 2019	Apr 30, 2026	Class B Common	12,440	12,440	D
Stock Appreciation Right^F14	$40.504	holding	—	—	—	May 1, 2020	Apr 30, 2027	Class B Common	10,494	10,494	D

Explanation of responses

F1On February 28, 2018, Brown-Forman Corporation completed a stock split resulting in the distribution of one share of Class B common stock for every four shares of either Class A or Class B common stock held. This total has been adjusted to reflect 2,443 Class B shares received in the stock split.
F10These stock appreciation rights were previously reported as covering 7,082 shares at an exercise price of $36.21, but were adjusted to reflect the February 2018 stock split.
F11These stock appreciation rights were previously reported as covering 5,654 shares at an exercise price of $45.985, but were adjusted to reflect the February 2018 stock split.
F12These stock appreciation rights were previously reported as covering 7,216 shares at an exercise price of $51.125, but were adjusted to reflect the February 2018 stock split.
F13These stock appreciation rights were previously reported as covering 9,952 shares at an exercise price of $49.005, but were adjusted to reflect the February 2018 stock split.
F14These stock appreciation rights were previously reported as covering 8,395 shares at an exercise price of $50.63, but were adjusted to reflect the February 2018 stock split.
F2The closing price of BF-B on March 28, 2018 was used to calculate the withholding obligation.
F3Number of shares acquired through the issuer's employee stock purchase program as of March 28, 2018. Total has been adjusted to reflect shares received in the stock split.
F4Total has been adjusted to reflect 3,695 Class B shares received in the stock split.
F5These stock appreciation rights were previously reported as covering 13,426 shares at an exercise price of $17.755, but were adjusted to reflect the February 2018 stock split.
F6These stock appreciation rights were previously reported as covering 25,998 shares at an exercise price of $13.525, but were adjusted to reflect the February 2018 stock split.
F7These stock appreciation rights were previously reported as covering 21,820 shares at an exercise price of $19.215, but were adjusted to reflect the February 2018 stock split.
F8These stock appreciation rights were previously reported as covering 22,702 shares at an exercise price of $23.20, but were adjusted to reflect the February 2018 stock split.
F9These stock appreciation rights were previously reported as covering 17,122 shares at an exercise price of $29.35, but were adjusted to reflect the February 2018 stock split.