SEC Form 4 · accession 0000014693-18-000047

BROWN FORMAN CORP · BF-A

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

Reporting owner

Campbell P Brown

Director

Period of report

Apr 30, 2018

Accepted (ET)

May 2, 2018 · 8:22 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	Apr 30, 2018	M	4,379	$13.942	A	1,192,468	D
Class B Common^F2	Apr 30, 2018	F	2,185	$56.04	D	1,190,283	D
Class B Common	Apr 30, 2018	M	1,213	$0.00	A	1,191,496	D
Class B Common^F3	Apr 30, 2018	F	395	$56.04	D	1,191,101	D
Class B Common^F4	holding	—	—		—	916,987	I	Brown Barker 2013 LLC
Class B Common^F5,F6	holding	—	—		—	21,240	I	By 401k
Class B Common^F7	holding	—	—		—	45	I	Child #1
Class B Common^F7	holding	—	—		—	45	I	Child #2
Class B Common^F8	holding	—	—		—	60,543	I	CPB 2010 #2 LLC
Class B Common^F5,F9	holding	—	—		—	12,241	I	ESPP
Class B Common^F10	holding	—	—		—	264,777	I	CPB 2010 #1 LLC
Class B Common^F10	holding	—	—		—	35,625	I	Trust FBO Campbell P. Brown
Class B Common^F10	holding	—	—		—	35,625	I	Trust FBO Geo Garvin Brown IV (Irrev)

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^F11	$13.942	Apr 30, 2018	M	4,379	D	Jul 24, 2008	Apr 30, 2018	Class B Common	4,379	0	D
Restricted Stock Units^F12,F13	—	Apr 30, 2018	M	1,213	D	Apr 30, 2018	—	Class B Common	1,213	0	D
Stock Appreciation Right^F14	$15.088	holding	—	—	—	Jul 22, 2010	Apr 30, 2020	Class B Common	2,260	2,260	D
Stock Appreciation Right^F15	$36.109	holding	—	—	—	Jul 24, 2014	Apr 30, 2024	Class B Common	2,833	2,833	D
Stock Appreciation Right^F16	$38.481	holding	—	—	—	May 1, 2019	Apr 30, 2026	Class B Common	7,262	7,262	D
Stock Appreciation Right^F17	$39.757	holding	—	—	—	May 1, 2020	Apr 30, 2027	Class B Common	9,189	9,189	D
Restricted Stock Units^F12,F18	—	holding	—	—	—	Apr 30, 2019	—	Class B Common	3,714	3,714	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 559,512 additional shares in the February 2018 stock split.
F10These shares were received in the February 2018 stock split.
F11These stock appreciation rights were previously reported as covering 3,438 shares at an exercise price of $17.755, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.
F12Each restricted stock unit represents a contingent right to recive one share of Brown-Forman Class B common stock.
F13The restricted stock units were granted on July 24, 2014, and vested April 30, 2018.
F14These stock appreciation rights were previously reported as covering 1,774 shares at an exercise price of $19.215, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.
F15These stock appreciation rights were previously reported as covering 2,224 shares at an exercise price of $45.985, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.
F16These stock appreciation rights were previously reported as covering 5,702 shares at an exercise price of $49.005, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.
F17These stock appreciation rights were previously reported as covering 7,215 shares at an exercise price of $50.63, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.
F18The restricted stock units were granted on July 23, 2015, and vest April 30, 2019.
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.
F4Total has been updated to reflect the acquisition of 376,104 additional shares in the February 2018 stock split.
F5Updated to reflect the February 2018 stock split.
F6Number of shares acquired through the issuer's 401(k) plan as of April 30, 2018.
F7Total has been updated to reflect the acquisition of 9 additional shares in the February 2018 stock split.
F8Total has been updated to reflect the acquisition of 12,108 additional shares in the February 2018 stock split.
F9Number of shares acquired through the issuer's employee stock purchase program as of April 30, 2018.