Sec Form 4 Filing - BOUSQUET CHAVANNE PATRICK @ BROWN FORMAN CORP - 2014-04-04

Insider filing report for Changes in Beneficial Ownership
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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
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1. Name and Address of Reporting Person
BOUSQUET CHAVANNE PATRICK
2. Issuer Name and Ticker or Trading Symbol
BROWN FORMAN CORP [ BF'B]
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)
04/04/2014
(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 B Common 04/04/2014 M 912 A $ 27.75 912 D
Class B Common 04/04/2014 S 440 D $ 88.8895 ( 1 ) 472 D
Class B Common 04/04/2014 F 472 D $ 89.36 ( 2 ) 0 D
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) $ 27.75 ( 3 ) 04/04/2014 M 912 ( 3 ) 05/26/2005 04/30/2014 Class B Common 912 $ 0 0 D
Deferred Stock Units ( 4 ) ( 5 ) ( 5 ) Class A Common 2,362.95 2,362.95 D
Deferred Stock Units ( 4 ) ( 5 ) ( 5 ) Class B Common 4,994.84 4,994.84 D
Stock Appreciation Right $ 38.43 ( 6 ) 07/22/2010 04/30/2020 Class B Common 4,785 ( 6 ) 4,785 ( 6 ) D
Stock Appreciation Right $ 27.05 ( 7 ) 07/23/2009 04/30/2019 Class B Common 12,451 ( 7 ) 12,451 ( 7 ) D
Stock Appreciation Right $ 35.51 ( 8 ) 07/24/2008 04/30/2018 Class B Common 10,134 ( 8 ) 10,134 ( 8 ) D
Stock Appreciation Right $ 33.76 ( 9 ) 07/26/2007 04/30/2017 Class B Common 10,639 ( 9 ) 10,639 ( 9 ) D
Stock Appreciation Right $ 34.95 ( 10 ) 07/27/2006 04/30/2016 Class B Common 9,036 ( 10 ) 9,036 ( 10 ) D
Stock Appreciation Right $ 28.58 ( 11 ) 07/28/2005 04/30/2015 Class B Common 10,506 ( 11 ) 10,506 ( 11 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
BOUSQUET CHAVANNE PATRICK
850 DIXIE HIGHWAY
LOUISVILLE, KY40210
X
Signatures
Kelly A. Bowen, Atty in Fact for Patrick Bousquet Chavanne 04/07/2014
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 $88.8883 to $88.89, 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 ($89.36) on April 3, 2014 was used to calculate the tax withholding obligation.
( 3 )These stock appreciation rights were previously reported as covering 572 shares at an exercise price of $44.22, but updated to correct adjustments for the issuer's August 2012 stock split and December 2012 special dividend.
( 4 )Under the Brown-Forman Corporation Non-Emp loyee 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.
( 5 )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.
( 6 )These stock appreciation rights were previously reported as covering 3,002 shares at an exercise price of $61.24, but updated to correct adjustments for the issuer's August 2012 stock split and December 2012 special dividend.
( 7 )These stock appreciation rights were previously reported as covering 7,812 shares at an exercise price of $43.10, but updated to correct adjustments for the issuer's August 2012 stock split and December 2012 special dividend.
( 8 )These stock appreciation rights were previously reported as covering 6,358 shares at an exercise price of $56.58, but updated to correct adjustments for the issuer's August 2012 stock split and December 2012 special dividend.
( 9 )These stock appreciation rights were previously reported as covering 6,675 shares at an exercise price of $53.80, but updated to correct adjustments for the issuer's August 2012 stock split and December 2012 special dividend.
( 10 )These stock appreciation rights were previously reported as covering 5,669 shares at an exercise price of $55.69, but updated to correct adjustments for the issuer's August 2012 stock split and December 2012 special dividend.
( 11 )These stock appreciation rights were previously reported as covering 6,592 shares at an exercise price of $45.53, but updated to correct adjustments for the issuer's August 2012 stock split and December 2012 special dividend.

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