SEC Form 4 · accession 0000014693-18-000043
BROWN FORMAN CORP · BF-A
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lisa P Steiner
Officer — SVP, Chief of Staff
Period of report
Apr 30, 2018
Accepted (ET)
May 2, 2018 · 8:10 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 A CommonF1,F2 | Apr 30, 2018 | F | 389 | $53.37 | D | 10,692 | D | |
| Class B CommonF3,F4,F5 | Apr 30, 2018 | F | 97 | $56.04 | D | 3,275 | D | |
| Class A CommonF6 | holding | — | — | — | 3,572 | I | DRIP | |
| Class B CommonF6 | holding | — | — | — | 1,194 | I | DRIP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightF7 | $36.109 | holding | — | — | — | May 1, 2017 | Apr 30, 2024 | Class B Common | 13,925 | 13,925 | D |
| Stock Appreciation RightF8 | $40.145 | holding | — | — | — | May 1, 2018 | Apr 30, 2025 | Class B Common | 14,368 | 14,368 | D |
| Stock Appreciation RightF9 | $38.481 | holding | — | — | — | May 1, 2019 | Apr 30, 2026 | Class B Common | 19,121 | 19,121 | D |
| Stock Appreciation RightF10 | $39.757 | holding | — | — | — | May 1, 2020 | Apr 30, 2027 | Class B Common | 16,130 | 16,130 | D |
Explanation of responses
- F1To satisfy withholding obligations associated with the July 24, 2014 award of Class A common stock that vested on April 30, 2018, the reporting person surrendered 389 shares of Class A common stock.
- F10These stock appreciation rights were previously reported as covering 12,665 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-A on April 30, 2018 was used to calculate the withholding obligation.
- F3To satisfy withholding obligations associated with the shares of Class B performance-based restricted stock that were issued in the February 2018 stock split and vested on April 30, 2018, the reporting person surrendered 97 shares of Class B common stock.
- F4The closing price of BF-B on April 30, 2018 was used to calculate the withholding obligation.
- F5On 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 2,890 additional shares in the February 2018 stock split, including 306 shares of Class B common performance-based restricted stock issued in connection with the July 24, 2014 award of Class A common stock.
- F6Number of shares acquired through the issuer's dividend reinvestment plan as April 30, 2018, including shares acquired in the February 2018 stock split.
- F7These stock appreciation rights were previously reported as covering 10,934 shares at an exercise price of $45.985, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.
- F8These stock appreciation rights were previously reported as covering 11,282 shares at an exercise price of $51.125, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.
- F9These stock appreciation rights were previously reported as covering 15,014 shares at an exercise price of $49.005, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.