SEC Form 4 · accession 0001225208-15-000066
BROWN FORMAN CORP · BF-A
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jane C Morreau
Officer — SVP, Chief Production Officer
Period of report
Jan 2, 2015
Accepted (ET)
Jan 2, 2015 · 4:22 pm EST
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 | Jan 2, 2015 | M | 4,558 | $28.58 | A | 4,611 | D | |
| Class B CommonF1 | Jan 2, 2015 | S | 1,932 | $87.8498 | D | 2,679 | D | |
| Class B CommonF2 | Jan 2, 2015 | F | 2,626 | $87.84 | D | 53 | D | |
| Class A CommonF3 | holding | — | — | — | 8,849 | D | ||
| Class B CommonF4 | holding | — | — | — | 2,739 | I | ESPP |
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 | $28.58 | Jan 2, 2015 | M | 4,558 | D | May 1, 2008 | Apr 30, 2015 | Class B Common | 4,558 | 0 | D |
| Stock Appreciation Right | $34.95 | holding | — | — | — | May 1, 2009 | Apr 30, 2016 | Class B Common | 8,400 | 8,400 | D |
| Stock Appreciation Right | $33.76 | holding | — | — | — | May 1, 2010 | Apr 30, 2017 | Class B Common | 9,292 | 9,292 | D |
| Stock Appreciation Right | $35.51 | holding | — | — | — | May 1, 2011 | Apr 30, 2018 | Class B Common | 7,131 | 7,131 | D |
| Stock Appreciation Right | $27.05 | holding | — | — | — | May 1, 2012 | Apr 30, 2019 | Class B Common | 11,463 | 11,463 | D |
| Stock Appreciation Right | $38.43 | holding | — | — | — | May 1, 2013 | Apr 30, 2020 | Class B Common | 12,590 | 12,590 | D |
| Stock Appreciation Right | $46.40 | holding | — | — | — | May 1, 2014 | Apr 30, 2021 | Class B Common | 14,365 | 14,365 | D |
| Stock Appreciation Right | $58.70 | holding | — | — | — | May 1, 2015 | Apr 30, 2022 | Class B Common | 11,098 | 11,098 | D |
| Stock Appreciation Right | $72.42 | holding | — | — | — | May 1, 2016 | Apr 30, 2023 | Class B Common | 9,266 | 9,266 | D |
| Stock Appreciation Right | $91.97 | holding | — | — | — | May 1, 2017 | Apr 30, 2024 | Class B Common | 13,425 | 13,425 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $87.84 to $87.9013, inclusive. The reporting person undertakes to provide to Brown-Forman Corporation, any security holder of Brown-Forman Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- F2The closing price of BF-B ($87.84) on December 30, 2014 was used to calculate the tax withholding obligation.
- F3Total updated as of December 22, 2014 to reflect dividend reinvestment.
- F4The number of shares acquired through issuer's employee stock purchase plan as of December 26, 2014.