SEC Form 4 · accession 0001225208-15-009466
BROWN FORMAN CORP · BF-A
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ralph E de Chabert
Officer — SVP Chief Diversity Officer
Period of report
Apr 2, 2015
Accepted (ET)
Apr 3, 2015 · 1:21 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 | Apr 2, 2015 | M | 1,770 | $35.51 | A | 1,770 | D | |
| Class B CommonF1 | Apr 2, 2015 | S | 671 | $90.6775 | D | 1,099 | D | |
| Class B CommonF2 | Apr 2, 2015 | F | 1,099 | $89.09 | D | 0 | D |
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 | $35.51 | Apr 2, 2015 | M | 1,770 | D | May 1, 2011 | Apr 30, 2018 | Class B Common | 1,770 | 1,108 | D |
| Restricted Stock UnitsF3,F4 | — | holding | — | — | — | May 1, 2015 | — | Class B Common | 348 | 348 | D |
| Restricted Stock UnitsF3,F5 | — | holding | — | — | — | May 1, 2016 | — | Class B Common | 284 | 284 | D |
| Restricted Stock UnitsF3,F6 | — | holding | — | — | — | May 1, 2017 | — | Class B Common | 119 | 119 | D |
| Restricted Stock UnitsF3,F7 | — | holding | — | — | — | May 1, 2018 | — | Class B Common | 143 | 143 | D |
| Stock Appreciation Right | $27.05 | holding | — | — | — | May 1, 2012 | Apr 30, 2019 | Class B Common | 1,180 | 1,180 | D |
| Stock Appreciation Right | $46.40 | holding | — | — | — | May 1, 2014 | Apr 30, 2021 | Class B Common | 1,717 | 1,717 | D |
| Stock Appreciation Right | $72.42 | holding | — | — | — | May 1, 2016 | Apr 30, 2023 | Class B Common | 577 | 577 | D |
| Stock Appreciation Right | $91.97 | holding | — | — | — | May 1, 2017 | Apr 30, 2024 | Class B Common | 667 | 667 | 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 $90.64 to $90.70, 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 ($89.09) on April 1, 2015 was used to calculate the tax withholding obligation.
- F3Each restricted stock unit represents a contingent right to receive one share of Brown-Forman Class B common stock.
- F4The restricted stock units vest May 1, 2015.
- F5The restricted stock units vest May 1, 2016.
- F6The restricted stock units vest May 1, 2017.
- F7The restricted stock units vest May 1, 2018.