SEC Form 4 · accession 0001225208-15-008017
BROWN FORMAN CORP · BF-A
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alejandro A Alvarez
Officer — SVP, CPO
Period of report
Mar 13, 2015
Accepted (ET)
Mar 17, 2015 · 3:11 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 | Mar 13, 2015 | M | 2,178 | $38.43 | A | 2,178 | D | |
| Class B Common | Mar 13, 2015 | M | 2,128 | $27.05 | A | 4,306 | D | |
| Class B Common | Mar 13, 2015 | M | 1,600 | $46.40 | A | 5,906 | D | |
| Class B CommonF1 | Mar 13, 2015 | S | 2,248 | $89.2448 | D | 3,658 | D | |
| Class B CommonF2 | Mar 13, 2015 | F | 3,658 | $89.95 | D | 0 | D | |
| Class B CommonF3 | holding | — | — | — | 1,032 | I | By 401k |
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 | $27.05 | Mar 13, 2015 | M | 2,128 | D | May 1, 2012 | Apr 30, 2019 | Class B Common | 2,128 | 0 | D |
| Stock Appreciation Right | $38.43 | Mar 13, 2015 | M | 2,178 | D | May 1, 2013 | Apr 30, 2020 | Class B Common | 2,178 | 0 | D |
| Stock Appreciation Right | $46.40 | Mar 13, 2015 | M | 1,600 | D | May 1, 2014 | Apr 30, 2021 | Class B Common | 1,600 | 4,157 | D |
| Restricted Stock UnitsF4,F5 | — | holding | — | — | — | Apr 30, 2016 | — | Class B Common | 280 | 280 | D |
| Restricted Stock UnitsF4,F6 | — | holding | — | — | — | Apr 30, 2017 | — | Class B Common | 119 | 119 | D |
| Stock Appreciation Right | $58.70 | holding | — | — | — | May 1, 2015 | Apr 30, 2022 | Class B Common | 3,050 | 3,050 | D |
| Stock Appreciation Right | $72.42 | holding | — | — | — | May 1, 2016 | Apr 30, 2023 | Class B Common | 3,458 | 3,458 | D |
| Stock Appreciation Right | $91.97 | holding | — | — | — | May 1, 2017 | Apr 30, 2024 | Class B Common | 4,069 | 4,069 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $89.01 to $89.52, 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 ($89.95) on March 12, 2015 was used to calculate the tax withholding obligation.
- F3Number of shares the reporting person has acquired under the Brown-Forman 401(k) plan as of March 16, 2015.
- F4Each restricted stock unit represents a contingent right to receive one share of Brown-Forman Class B common stock.
- F5The Restricted Stock Units were granted on July 26, 2012, and vest April 30, 2016.
- F6The Restricted Stock Units were granted on July 25, 2013, and vest April 30, 2017.