Sec Form 4 Filing - STUBBS DACE BROWN @ BROWN FORMAN CORP - 2013-03-26

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
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)
03/26/2013
(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 101,409.7 D
Class A Common 235,495 I SMPL 2012 Partnership
Class A Common 2,379.1 I Albrecht Trust
Class A Common 1,758.7 I GGB Trust
Class A Common 3,882,267 I Log House 2011 LP
Class B Common 03/26/2013 M 6,253 A $ 18.94 308,282.5 D
Class B Common 03/26/2013 F 1,711 D $ 69.23 306,571.5 D
Class B Common 03/26/2013 S 4,542 D $ 69.93 ( 1 ) 302,029.5 D
Class B Common 175,000 I WKS Partnership
Class B Common 577,566 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) $ 18.94 03/26/2013 M 6,253 05/01/2003 04/30/2013 Class B Common 6,253 $ 0 0 D
Non-Qualified Stock Option (right to buy) $ 22.49 07/22/2004 04/30/2014 Class B Common 4,867 4,867 D
Stock Appreciation Rights $ 28.58 07/28/2005 04/30/2015 Class B Common 5,658 5,658 D
Stock Appreciation Rights $ 34.95 07/27/2006 04/30/2016 Class B Common 4,819 4,819 D
Stock Appreciation Rights $ 33.76 07/26/2007 04/30/2017 Class B Common 5,987 5,987 D
Stock Appreciation Rights $ 35.51 07/24/2008 04/30/2018 Class B Common 5,495 5,495 D
Stock Appreciation Rights $ 27.05 07/23/2009 04/30/2019 Class B Common 6,752 6,752 D
Stock Appreciation Rights ( 2 ) ( 3 ) ( 3 ) Class B Common 3,306.95 3,306.95 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
STUBBS DACE BROWN
850 DIXIE HIGHWAY
LOUISVILLE, KY40210
X
Signatures
Laura H. Pulliam, Attorney in Fact for Dace Brown Stubbs 03/27/2013
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 $69.82 to $70.04 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 )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.
( 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).
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