SEC Form 4 · accession 0000014693-18-000037
BROWN FORMAN CORP · BF-A
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ralph E de Chabert
Officer — SVP, Chief Diversity Officer
Period of report
Apr 30, 2018
Accepted (ET)
May 2, 2018 · 7:44 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 | Apr 30, 2018 | M | 365 | $0.00 | A | 3,562 | D | |
| Class B CommonF2 | Apr 30, 2018 | F | 139 | $56.04 | D | 3,423 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F4 | — | Apr 30, 2018 | M | 365 | D | Apr 30, 2018 | — | Class B Common | 365 | 0 | D |
| Stock Appreciation RightF5 | $10.62 | holding | — | — | — | May 1, 2012 | Apr 30, 2019 | Class B Common | 1,503 | 1,503 | D |
| Stock Appreciation RightF6 | $18.217 | holding | — | — | — | May 1, 2014 | Apr 30, 2021 | Class B Common | 4,374 | 4,374 | D |
| Stock Appreciation RightF7 | $28.433 | holding | — | — | — | May 1, 2016 | Apr 30, 2023 | Class B Common | 1,471 | 1,471 | D |
| Stock Appreciation RightF8 | $36.109 | holding | — | — | — | May 1, 2017 | Apr 30, 2024 | Class B Common | 1,700 | 1,700 | D |
| Stock Appreciation RightF9 | $40.145 | holding | — | — | — | May 1, 2018 | Apr 30, 2025 | Class B Common | 7,152 | 7,152 | D |
| Stock Appreciation RightF10 | $38.481 | holding | — | — | — | May 1, 2019 | Apr 30, 2026 | Class B Common | 8,192 | 8,192 | D |
| Stock Appreciation RightF11 | $39.757 | holding | — | — | — | May 1, 2020 | Apr 30, 2027 | Class B Common | 6,910 | 6,910 | D |
Explanation of responses
- F1On February 28, 2018, the issuer 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. On April 23, 2018, the issuer paid a special cash dividend. Total has been updated to reflect the acquisition of 640 additional shares in the February 2018 stock split.
- F10These stock appreciation rights were previously reported as covering 6,432 shares at an exercise price of $49.005, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.
- F11These stock appreciation rights were previously reported as covering 5,425 shares at an exercise price of $50.63, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.
- F2The closing price of BF-B on April 30, 2018 was used to calculate the withholding obligation.
- F3Each restricted stock unit represents a contingent right to receive one share of Brown-Forman Class B common stock.
- F4The restricted stock units were granted July 24, 2014, and vested April 30, 2018.
- F5These stock appreciation rights were previously reported as covering 1,180 shares at an exercise price of $13.525, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.
- F6These stock appreciation rights were previously reported as covering 3,434 shares at an exercise price of $23.20, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.
- F7These stock appreciation rights were previously reported as covering 1,154 shares at an exercise price of $36.21, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.
- F8These stock appreciation rights were previously reported as covering 1,334 shares at an exercise price of $45.985, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.
- F9These stock appreciation rights were previously reported as covering 5,616 shares at an exercise price of $51.125, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.