SEC Form 4 · accession 0000014693-18-000041
BROWN FORMAN CORP · BF-A
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marshall Farrer
Director
Period of report
Apr 30, 2018
Accepted (ET)
May 2, 2018 · 8:04 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 | 8,826 | D | |
| Class B CommonF2 | Apr 30, 2018 | F | 3,039 | $56.04 | D | 5,787 | D | |
| Class B Common | Apr 30, 2018 | M | 971 | $0.00 | A | 6,758 | D | |
| Class B CommonF3 | Apr 30, 2018 | F | 309 | $56.04 | D | 6,449 | 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 RightF4 | $13.942 | Apr 30, 2018 | M | 6,169 | D | Jul 24, 2008 | Apr 30, 2018 | Class B Common | 6,169 | 0 | D |
| Restricted Stock UnitsF5,F6 | — | May 1, 2018 | M | 971 | D | May 1, 2018 | — | Class B Common | 971 | 0 | D |
| Stock Appreciation RightF7 | $10.62 | holding | — | — | — | Jul 23, 2009 | Apr 30, 2019 | Class B Common | 6,057 | 6,057 | D |
| Stock Appreciation RightF8 | $15.088 | holding | — | — | — | Jul 22, 2010 | Apr 30, 2020 | Class B Common | 9,027 | 9,027 | D |
| Stock Appreciation RightF9 | $18.217 | holding | — | — | — | Jul 28, 2011 | Apr 30, 2021 | Class B Common | 3,916 | 3,916 | D |
| Stock Appreciation RightF10 | $23.047 | holding | — | — | — | Jul 26, 2012 | Apr 30, 2022 | Class B Common | 5,933 | 5,933 | D |
| Stock Appreciation RightF11 | $40.145 | holding | — | — | — | Jul 23, 2015 | Apr 30, 2025 | Class B Common | 4,814 | 4,814 | D |
| Stock Appreciation RightF12 | $38.481 | holding | — | — | — | Jul 28, 2016 | Apr 30, 2026 | Class B Common | 3,291 | 3,291 | 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 531 additional shares in the February 2018 stock split.
- F10These stock appreciation rights were previously reported as covering 4,658 shares at an exercise price of $29.35, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.
- F11These stock appreciation rights were previously reported as covering 3,780 shares at an exercise price of $51.125, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.
- F12These stock appreciation rights were previously reported as covering 2,584 shares at an exercise price of $49.005, 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.
- F3The closing price of BF-B on April 30, 2018 was used to calculate the withholding obligation.
- F4These 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.
- F5Each restricted stock unit represents a contingent right to receive one share of Brown-Forman Class B common stock.
- F6The restricted stock units were granted on July 24, 2014, and vested April 30, 2018.
- F7These stock appreciation rights were previously reported as covering 4,756 shares at an exercise price of $13.525, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.
- F8These stock appreciation rights were previously reported as covering 7,088 shares at an exercise price of $19.215, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.
- F9These stock appreciation rights were previously reported as covering 3,074 shares at an exercise price of $23.20, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.