SEC Form 4 · accession 0000014693-18-000049

BROWN FORMAN CORP · BF-A

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

Reporting owner

George Garvin Brown IV

Director

Period of report

Apr 30, 2018

Accepted (ET)

May 2, 2018 · 8:24 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	3,928	$13.942	A	740,875	D
Class B Common^F2	Apr 30, 2018	F	2,323	$56.04	D	738,552	D
Class B Common	Apr 30, 2018	M	8,726	$0.00	A	747,278	D
Class B Common^F3	Apr 30, 2018	F	3,980	$56.04	D	743,298	D
Class B Common^F4	holding	—	—		—	52,140	I	2010 GRAT
Class B Common^F5	holding	—	—		—	73,794	I	2012 GRAT
Class B Common^F6	holding	—	—		—	13,197	I	Crummey Trust
Class B Common^F7	holding	—	—		—	195,998	I	GGB4 2010#2 LLC
Class B Common^F8	holding	—	—		—	1,178,039	I	GGB4 2012 LP
Class B Common^F9	holding	—	—		—	11,935	I	Spouse's trust
Class B Common^F10	holding	—	—		—	5,810	I	GGB IV CLAT
Class B Common^F10	holding	—	—		—	264,777	I	GGB4 2010 #1 LP
Class B Common^F10	holding	—	—		—	23,812	I	Sullivan Street Partners

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	3,928	D	May 1, 2011	Apr 30, 2018	Class B Common	3,928	0	D
Restricted Stock Units^F12,F13	—	May 1, 2018	M	8,726	D	May 1, 2018	—	Class B Common	8,726	0	D
Stock Appreciation Right^F14	$10.62	holding	—	—	—	May 1, 2012	Apr 30, 2019	Class B Common	12,007	12,007	D
Restricted Stock Units^F12,F15,F16	—	holding	—	—	—	May 1, 2019	—	Class B Common	968	968	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 169,794 additional shares in the February 2018 stock split. Additionally, total has been updated to include 26,361 Class B shares previously held in a 401(k) account but transferred to direct holdings before the stock split.
F10These shares were received in the February 2018 stock split.
F11These stock appreciation rights were previously reported as covering 3,084 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 receive 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 9,428 shares at an exercise price of $13.525, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.
F15The restricted stock units were granted on July 23, 2015, and vest April 30, 2019.
F16Updated to reflect the February 2018 stock split.
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 14,504 additional shares in the February 2018 stock split.
F5Total has been updated to reflect the acquisition of 56,541 additional shares in the February 2018 stock split.
F6Total has been updated to reflect the acquisition of 5,807 additional shares in the February 2018 stock split.
F7Total has been updated to reflect the acquisition of 39,398 additional shares in the February 2018 stock split.
F8Total has been updated to reflect the acquisition of 667,702 additional shares in the February 2018 stock split.
F9Total has been updated to reflect the acquisition of 5,989 additional shares in the February 2018 stock split.