SEC Form 4 · accession 0001225208-15-014215
BROWN FORMAN CORP · BF-A
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James S Welch Jr.
Officer — Vice Chairman · Director
Period of report
Jun 19, 2015
Accepted (ET)
Jun 23, 2015 · 5:03 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 | Jun 19, 2015 | M | 13,492 | $34.95 | A | 38,494 | D | |
| Class B CommonF1 | Jun 19, 2015 | S | 4,478 | $101.059 | D | 34,016 | D | |
| Class B CommonF2 | Jun 19, 2015 | F | 9,014 | $101.60 | D | 25,002 | D | |
| Class A Common | holding | — | — | — | 44,505 | 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 | $34.95 | Jun 19, 2015 | M | 13,492 | D | May 1, 2009 | Apr 30, 2016 | Class B Common | 13,492 | 0 | D |
| Stock Appreciation Right | $33.76 | holding | — | — | — | May 1, 2010 | Apr 30, 2017 | Class B Common | 23,938 | 23,938 | D |
| Stock Appreciation Right | $35.51 | holding | — | — | — | May 1, 2011 | Apr 30, 2018 | Class B Common | 21,971 | 21,971 | D |
| Stock Appreciation Right | $43.10 | holding | — | — | — | May 1, 2012 | Apr 30, 2019 | Class B Common | 31,498 | 31,498 | D |
| Stock Appreciation Right | $38.43 | holding | — | — | — | May 1, 2013 | Apr 30, 2020 | Class B Common | 31,470 | 31,470 | D |
| Stock Appreciation Right | $46.40 | holding | — | — | — | May 1, 2014 | Apr 30, 2021 | Class B Common | 22,345 | 22,345 | D |
| Stock Appreciation Right | $58.70 | holding | — | — | — | May 1, 2015 | Apr 30, 2022 | Class B Common | 20,186 | 20,186 | D |
| Stock Appreciation Right | $72.42 | holding | — | — | — | May 1, 2016 | Apr 30, 2023 | Class B Common | 14,758 | 14,758 | D |
| Stock Appreciation Right | $91.97 | holding | — | — | — | May 1, 2017 | Apr 30, 2024 | Class B Common | 13,349 | 13,349 | 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 $101.05 to $101.10, 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 ($101.60) on June 18, 2015 was used to calculate the withholding obligation.