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BF.B Brown Forman Corp

43.355
-0.565 (-1.29%)
Last Updated: 17:58:34
Delayed by 15 minutes
Share Name Share Symbol Market Type
Brown Forman Corp NYSE:BF.B NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.565 -1.29% 43.355 44.22 43.25 43.73 765,255 17:58:34

Statement of Changes in Beneficial Ownership (4)

14/03/2017 7:40pm

Edgar (US Regulatory)


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 *

Whiting Lawson 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)
EVP, Chief Brands & Strategy
(Last)          (First)          (Middle)

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

3/10/2017
(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   3/10/2017     M    7910   A $19.215   7910   D    
Class B Common   3/10/2017     M    8248   A $13.525   16158   D    
Class B Common   3/10/2017     F    9885   D $46.21   (1) 6723   D    
Class B Common   3/10/2017     S    6723   D $46.5201   0   D    
Class A Common                  3081   (2) D    
Class A Common                  2.6784   (3) I   DRIP  

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   $13.525   (4) 3/10/2017     M         8248    5/1/2012   4/30/2019   Class B Common   8248.0   $0   0   (4) D    
Stock Appreciation Right   $19.215   (5) 3/10/2017     M         7910    5/1/2013   4/30/2020   Class B Common   7910.0   $0   0   (5) D    
Stock Appreciation Right   $23.2   (6)                  5/1/2014   4/30/2021   Class B Common   17156.0     17156   (6) D    
Stock Appreciation Right   $29.35   (7)                  5/1/2015   4/30/2022   Class B Common   15518.0     15518   (7) D    
Stock Appreciation Right   $36.21   (8)                  5/1/2016   4/30/2023   Class B Common   17184.0     17184   (8) D    
Stock Appreciation Right   $45.985   (9)                  5/1/2017   4/30/2024   Class B Common   12078.0     12078   (9) D    
Stock Appreciation Right   $51.1265   (10)                  5/1/2018   4/30/2025   Class B Common   15740.0     15740   (10) D    
Stock Appreciation Right   $49.005   (11)                  5/1/2019   4/30/2026   Class B Common   22696.0     22696   (11) D    

Explanation of Responses:
( 1)  The closing price of BF-B on March 9, 2017 was used to calculate the withholding obligation.
( 2)  Reflects the acquisition of 1,540 additional shares in the August 2016 stock split.
( 3)  Number of shares acquired through the issuer's dividend reinvestment plan as of March, 2017.
( 4)  These stock appreciation rights were previously reported as covering 4,124 shares at an exercise price of $27.05, but were adjusted to reflect the August 2016 stock split.
( 5)  These stock appreciation rights were previously reported as covering 3,955 shares at an exercise price of $38.43, but were adjusted to reflect the August 2016 stock split.
( 6)  These stock appreciation rights were previously reported as covering 8,578 shares at an exercise price of $46.40, but were adjusted to reflect the August 2016 stock split.
( 7)  These stock appreciation rights were previously reported as covering 7,759 shares at an exercise price of $58.70, but were adjusted to reflect the August 2016 stock split.
( 8)  These stock appreciation rights were previously reported as covering 8,592 shares at an exercise price of $72.42, but were adjusted to reflect the August 2016 stock split.
( 9)  These stock appreciation rights were previously reported as covering 6,039 shares at an exercise price of $91.97, but were adjusted to reflect the August 2016 stock split.
( 10)  These stock appreciation rights were previously reported as covering 7,870 shares at an exercise price of $102.25, but were adjusted to reflect the August 2016 stock split.
( 11)  These stock appreciation rights were previously reported as covering 11,348 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
Whiting Lawson E
850 DIXIE HIGHWAY
LOUISVILLE, KY 40210


EVP, Chief Brands & Strategy

Signatures
Michael E. Carr, Jr., Attorney in Fact for Lawson E. Whiting 3/14/2017
** 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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