Sec Form 4 Filing - STUBBS DACE BROWN @ BROWN FORMAN CORP - 2012-01-11

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 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL OMB Number: 3235-0287 Expires: November 30, 2011 Estimated average burden hours per response... 0.5

1. Name and Address of Reporting Person STUBBS DACE BROWN 2. Issuer Name and Ticker or Trading Symbol BROWN FORMAN CORP [ BFA, BFB] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 850 DIXIE HIGHWAY 3. Date of Earliest Transaction (MM/DD/YY) 01/11/2012 (Street) LOUISVILLE, KY40210 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction 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 A Common 213,396 D Class A Common 2,588,178 I Log House 2011 LP Class B Common 01/11/2012 M 4,085 A $ 24.7 323,153 D Class B Common 01/11/2012 F 1,257 D $ 80.3 321,896 D Class B Common 01/11/2012 S 2,828 D $ 76.93 ( 1 ) 319,068 D Class B Common 385,044 I Log House 2011 LP

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 Non-Qualified Stock Option (right to buy) $ 24.7 01/11/2012 M 4,085 05/01/2002 04/30/2012 Class B Common 4,085 $ 0 0 D Non-Qualified Stock Option (right to buy) $ 30.18 05/01/2003 04/30/2013 Class B Common 3,923 3,923 D Non-Qualified Stock Option (right to buy) $ 35.83 07/22/2004 04/30/2014 Class B Common 3,053 3,053 D Stock Appreciation Rights $ 45.53 07/28/2005 04/30/2015 Class B Common 3,550 3,550 D Stock Appreciation Right $ 55.69 07/27/2006 04/30/2016 Class B Common 3,023 3,023 D Stock Appreciation Right $ 53.8 07/26/2007 04/30/2017 Class B Common 3,756 3,756 D Stock Appreciation Right $ 56.58 07/24/2008 04/30/2018 Class B Common 3,447 3,447 D Stock Appreciation Right $ 43.1 07/23/2009 04/30/2019 Class B Common 4,236 4,236 D Deferred Stock Units ( 2 ) ( 3 ) ( 3 ) Class B Common 405.68 1,418.55 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other STUBBS DACE BROWN 850 DIXIE HIGHWAY LOUISVILLE, KY40210 X Signatures Diane M. Barhorst, Atty. in Fact for: Dace Brown Stubbs 01/11/2012 Signature of Reporting Person Date

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 $79.67 to $79.81, 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 footnote (1) to this Form 4. ( 2 )Under the Brown-Forman Corporation Non-Employee Director Deferred Stock Unit Program each DSU represents the right to receive one share of the Company's Class B common stock. On each dividend payment date, participants are credited with DSU equivalents. ( 3 )Annual grants of DSUs vest over the course of the Board year. DSUs are paid out in class B common stock on the first February 1 that is at least six months following the Director's termination from Board service.

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 Number.