SEC Form 4 · accession 0000014693-18-000039
BROWN FORMAN CORP · BF-A
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian P Fitzgerald
Officer — SVP, Chief Accounting Officer
Period of report
Apr 30, 2018
Accepted (ET)
May 2, 2018 · 7:46 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 | 6,169 | $13.942 | A | 10,586 | D | |
| Class B CommonF2 | Apr 30, 2018 | F | 3,064 | $56.04 | D | 7,522 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightF3 | $13.942 | Apr 30, 2018 | M | 6,169 | D | May 1, 2011 | Apr 30, 2018 | Class B Common | 6,169 | 0 | D |
| Stock Appreciation RightF4 | $10.62 | holding | — | — | — | May 1, 2012 | Apr 30, 2019 | Class B Common | 12,043 | 12,043 | D |
| Stock Appreciation RightF5 | $15.088 | holding | — | — | — | May 1, 2013 | Apr 30, 2020 | Class B Common | 10,110 | 10,110 | D |
| Stock Appreciation RightF6 | $18.217 | holding | — | — | — | May 1, 2014 | Apr 30, 2021 | Class B Common | 9,524 | 9,524 | D |
| Stock Appreciation RightF7 | $23.047 | holding | — | — | — | May 1, 2015 | Apr 30, 2022 | Class B Common | 8,849 | 8,849 | D |
| Stock Appreciation RightF8 | $28.433 | holding | — | — | — | May 1, 2016 | Apr 30, 2023 | Class B Common | 14,676 | 14,676 | D |
| Stock Appreciation RightF9 | $36.109 | holding | — | — | — | May 1, 2017 | Apr 30, 2024 | Class B Common | 11,324 | 11,324 | D |
| Stock Appreciation RightF10 | $40.145 | holding | — | — | — | May 1, 2018 | Apr 30, 2025 | Class B Common | 13,280 | 13,280 | D |
| Stock Appreciation RightF11 | $38.481 | holding | — | — | — | May 1, 2019 | Apr 30, 2026 | Class B Common | 18,155 | 18,155 | D |
| Stock Appreciation RightF12 | $39.757 | holding | — | — | — | May 1, 2020 | Apr 30, 2027 | Class B Common | 18,376 | 18,376 | 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 883 additional shares in the February 2018 stock split.
- F10These stock appreciation rights were previously reported as covering 10,428 shares at an exercise price of $51.125, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.
- F11These stock appreciation rights were previously reported as covering 14,256 shares at an exercise price of $49.005, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.
- F12These stock appreciation rights were previously reported as covering 14,429 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 27, 2018 was used to calculate the withholding obligation.
- F3These stock appreciation rights were previously reported as covering 4,844 shares at an exercise price of $17.755, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.
- F4These stock appreciation rights were previously reported as covering 9,456 shares at an exercise price of $13.525, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.
- F5These stock appreciation rights were previously reported as covering 7,938 shares at an exercise price of $19.215, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.
- F6These stock appreciation rights were previously reported as covering 7,478 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 6,948 shares at an exercise price of $29.35, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.
- F8These stock appreciation rights were previously reported as covering 11,524 shares at an exercise price of $36.21, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.
- F9These stock appreciation rights were previously reported as covering 8,892 shares at an exercise price of $45.985, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.