SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
BROWN OWSLEY II

(Last) (First) (Middle)
850 DIXIE HIGHWAY

(Street)
LOUISVILLE KY 40210

(City) (State) (Zip)
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 X 10% Owner
X Officer (give title below) Other (specify below)
Chairman & CEO
3. Date of Earliest Transaction (Month/Day/Year)
04/03/2006
4. If Amendment, Date of Original Filed (Month/Day/Year)
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. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 04/03/2006 J(1) 2,587 A $0 173,539 D
Class A Common 200,032 I Breeze Hill Ltd Partnership
Class A Common 04/03/2006 J(1) 2,587 D $0 356,541 I GRAT (Grantor Trust) '94
Class A Common 22,958 I GRAT 12/01
Class A Common 99,964 I Longview Ltd
Class A Common 529,610 I Ltd Partnership Poplar Terr
Class A Common 1,992.352 I GB Ltd Ptn
Class A Common 3,788.9 I Partnership/Nectar
Class A Common 438,008.5 I GANYMO Trust/Partnership
Class A Common 869,006 I WLLB B Trust/Remainder
Class A Common 1,167,689 I OB II Trust
Class A Common 172,752 I By Spouse
Class B Common 1,056 D
Class B Common 1,302 I Longview Ltd Ptn
Class B Common 115.478 I GB Ltd Ptn
Class B Common 350,000 I Partnership/Hebe
Class B Common 933,350.5 I GANYMO Trust/Partnership
Class B Common 881,381 I WLLB B Trust/Remainder
Class B Common 2,029,558 I OB II Trust
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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 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: 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) $50 05/01/2006 08/31/2007 Class B Common 600 600 D
Non-Qualified Stock Option (right to buy) $30.63 05/01/2001 04/30/2008 Class B Common 50,722 50,722 D
Non-Qualified Stock Option (right to buy) $31.13 05/01/2002 04/30/2009 Class B Common 54,514 54,514 D
Non-Qualified Stock Option (right to buy) $25.22 05/01/2003 04/30/2010 Class B Common 79,084 79,084 D
Non_Qualified Stock Option (right to buy) $34.17 05/01/2004 04/30/2011 Class B Common 62,526 62,526 D
Non-Qualified Stock Option (right to buy) $32.11 05/01/2005 04/30/2012 Class B Common 79,272 79,272 D
Non-Qualified Stock Option (right to buy) $39.23 05/01/2006 04/30/2013 Class B Common 79,210 79,210 D
Non-Qualified Stock Option (right to buy) $46.58 05/01/2007 04/30/2014 Class B Common 63,381 63,381 D
Explanation of Responses:
1. Transfer of shares from a Grantor Trust to direct ownership.
Remarks:
Filing of this form should not be construed as an admission that the filing person is, for purposes of Section 16 of the Securities Exchange Act of 1934, the "beneficial owner" of any equity securities held in a limited partnership or in trust and reported on this form.
Nelea A. Absher, Attn In Fact for: Owsley Brown II 04/05/2006
** 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 Number.