FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

de Chabert Ralph E
2. Issuer Name and Ticker or Trading Symbol

BROWN FORMAN CORP [ BFA, BFB ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
SVP, Chief Diversity Officer
(Last)          (First)          (Middle)

850 DIXIE HIGHWAY
3. Date of Earliest Transaction (MM/DD/YYYY)

4/7/2017
(Street)

LOUISVILLE, KY 40210
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class B Common   4/7/2017     S    1760   D $45.5283   (1) 4609.726   (2) D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units     (3)                  4/30/2017   (4)   (4) Class B Common   238.0     238   (5) D    
Restricted Stock Units     (3)                  4/30/2018   (6)   (6) Class B Common   286.0     286   (7) D    
Stock Appreciation Right   $13.525   (8)                  5/1/2012   4/30/2019   Class B Common   1180.0     1180   (8) D    
Stock Appreciation Right   $23.2   (9)                  5/1/2014   4/30/2021   Class B Common   3434.0     3434   (9) D    
Stock Appreciation Right   $36.21   (10)                  5/1/2016   4/30/2023   Class B Common   1154.0     1154   (10) D    
Stock Appreciation Right   $45.985   (11)                  5/1/2017   4/30/2024   Class B Common   1334.0     1334   (11) D    
Stock Appreciation Right   $51.125   (12)                  5/1/2018   4/30/2025   Class B Common   5616.0     5616   (12) D    
Stock Appreciation Right   $49.005   (13)                  5/1/2019   4/30/2026   Class B Common   6432.0     6432   (13) D    

Explanation of Responses:
(1)  The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.5271 to $45.53, 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 sold at each separate price within the range set forth in this footnote.
(2)  Updated to reflect the August 2016 stock split and corrected as a result of prior reporting error.
(3)  Each restricted stock unit represents a contingent right to receive one share of Brown-Forman Class B common stock.
(4)  The restricted stock units were granted on July 25, 2013, and vest April 30, 2017.
(5)  Reflects the acquisition of 119 additional restricted stock units in the August 2016 stock split.
(6)  The restricted stock units were granted on July 24, 2014, and vest April 30, 2018.
(7)  Reflects the acquisition of 143 additional restricted stock units in the August 2016 stock split.
(8)  These stock appreciation rights were previously reported as covering 590 shares at an exercise price of $27.05 but were adjusted to reflect the August 2016 stock split.
(9)  These stock appreciation rights were previously reported as covering 1,717 shares at an exercise price of $46.40, but were adjusted to reflect the August 2016 stock split.
(10)  These stock appreciation rights were previously reported as covering 577 shares at an exercise price of $72.42, but were adjusted to reflect the August 2016 stock split.
(11)  These stock appreciation rights were previously reported as covering 667 shares at an exercise price of $91.97, but were adjusted to reflect the August 2016 stock split.
(12)  These stock appreciation rights were previously reported as covering 2,808 shares at an exercise price of $102.25, but were adjusted to reflect the August 2016 stock split.
(13)  These stock appreciation rights were previously reported as covering 3,216 shares at an exercise price of $98.01, but were adjusted to reflect the August 2016 stock split.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
de Chabert Ralph E
850 DIXIE HIGHWAY
LOUISVILLE, KY 40210


SVP, Chief Diversity Officer

Signatures
Michael E. Carr, Jr., Attorney in Fact for Ralph E. de Chabert 4/11/2017
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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