SEC Form 4 · accession 0001225208-15-007592

BROWN FORMAN CORP · BF-A

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

Reporting owner

Dace Brown Stubbs

Director

Period of report

Mar 9, 2015

Accepted (ET)

Mar 11, 2015 · 4:57 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	Dec 16, 2014	G	7,900	$0.00	D	294,130	D
Class B Common	Mar 9, 2015	M	5,658	$28.58	A	299,788	D
Class B Common^F1	Mar 9, 2015	F	1,822	$88.76	D	297,966	D
Class B Common^F2	Mar 9, 2015	S	3,836	$89.1021	D	294,130	D
Class A Common	holding	—	—		—	101,410	D
Class A Common	holding	—	—		—	2,379	I	Albrecht Trust
Class A Common	holding	—	—		—	1,759	I	GGB Trust
Class A Common	holding	—	—		—	3,882,267	I	Log House 2011 LP
Class B Common	holding	—	—		—	577,566	I	Log House 2011 LP
Class A Common	holding	—	—		—	235,495	I	SMPL 2012 Partnership
Class B Common	holding	—	—		—	175,000	I	WKS Partnership

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	Mar 9, 2015	M	5,658	D	Jul 28, 2005	Apr 30, 2015	Class B Common	5,658	0	D
Deferred Stock Units^F3,F4	—	holding	—	—	—	—	—	Class A Common	2,168	2,168	D
Deferred Stock Units^F5,F6	—	holding	—	—	—	—	—	Class B Common	3,378	3,378	D
Stock Appreciation Right	$27.05	holding	—	—	—	Jul 23, 2009	Apr 30, 2019	Class B Common	6,752	6,752	D
Stock Appreciation Right	$35.51	holding	—	—	—	Jul 24, 2008	Apr 30, 2018	Class B Common	5,495	5,495	D
Stock Appreciation Right	$33.76	holding	—	—	—	Jul 26, 2007	Apr 30, 2017	Class B Common	5,987	5,987	D
Stock Appreciation Right	$34.95	holding	—	—	—	Jul 27, 2006	Apr 30, 2016	Class B Common	4,819	4,819	D

Explanation of responses

F1The closing price of BF-B ($88.76) on March 8, 2015 was used to calculate the tax withholding obligation.
F2The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $89.10 to $89.105, 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.
F3Under the Brown-Forman Corporation Non-Employee Director Deferred Stock Unit Progam each DSU represents the right to receive one share the the Company's Class A common stock. On each dividend payment date, participants are credited with DSU equivalents.
F4Annual grants of DSUs vest over the course of the Board year. DSUs are paid out in Class A common stock on the first February 1 that is at least six months following the Director's termination from Board service.
F5Under the Brown-Forman Corporation Non-Employee Director Deferred Stock Unit Program each DSU represents the right to receive one share the the Company's Class B common stock. On each dividend payment date, participants are credited with DSU equivalents.
F6Annual grants of DSUs vest over the course of the Board year. DSUs are paid out in Class B common stock on the first February 1 that is at least six monts following the Director's termination from Board service.