Statement of Changes in Beneficial Ownership (4)

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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response... 0.5
	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 * Alvarez Alejandro A	2. Issuer Name and Ticker or Trading Symbol BROWN FORMAN CORP [ BF'B ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director                      _____ 10% Owner __ X __ Officer (give title below)      _____ Other (specify below) SVP, CPO
(Last)          (First)          (Middle) 850 DIXIE HIGHWAY	3. Date of Earliest Transaction (MM/DD/YYYY) 7/11/2014
(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	7/11/2014		M		2600.0000	A	$27.0500	2869.0000	D
Class B Common	7/11/2014		S		1317.0000	D	$93.2500   (1)	1552.0000	D
Class B Common	7/11/2014		F		1552.0000	D	$93.7900   (2)	0.0000	D
Class B Common								1024.5020   (3)	I	By 401k

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
Stock Appreciation Right	$27.0500	7/11/2014		M			2600.0000	5/1/2012	4/30/2019	Class B Common	2600.0000	$0.0000	2128.0000	D
Restricted Stock Units	(4)							4/30/2016   (5)	(5)	Class B Common	280.0000		280.0000	D
Restricted Stock Units	(4)							4/30/2017   (6)	(6)	Class B Common	119.0000		119.0000	D
Stock Appreciation Right	$38.4300							5/1/2013	4/30/2020	Class B Common	2178.0000		2178.0000	D
Stock Appreciation Right	$46.4000							5/1/2014	4/30/2021	Class B Common	5757.0000		5757.0000	D
Stock Appreciation Right	$58.7000							5/1/2015	4/30/2022	Class B Common	3050.0000		3050.0000	D
Stock Appreciation Right	$72.4200							5/1/2016	4/30/2023	Class B Common	3458.0000		3458.0000	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 $93.25 to $93.30, 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)	The closing price of BF-B ($93.79) on July 10, 2014 was used to calculate the tax withholding obligation.
( 3)	Number of shares the reporting person has acquired under the Brown-Forman 401(k) plan as of July 11, 2014.
( 4)	Each restricted stock unit represents a contingent right to receive one share of Brown-Forman Class B common stock.
( 5)	The Restricted Stock Units were granted on July 26, 2012, and vest April 30, 2016.
( 6)	The Restricted Stock Units were granted on July 25, 2013, and vest April 30, 2017.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Alvarez Alejandro A 850 DIXIE HIGHWAY LOUISVILLE, KY 40210			SVP, CPO

Signatures
Kelly A. Bowen, Attorney in Fact for Alejandro A. Alvarez		7/15/2014
** 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).
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