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 Christina Lee

(Last) (First) (Middle)
850 DIXIE HWY

(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)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/26/2012
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 171,800 D
Class A Common 336,517 I Owsley Brown II 1994 GRAT
Class A Common 544,084 I Owsley Brown II 2001 GRAT
Class A Common 198,032 I Owsley Brown II 2002 GRAT
Class A Common 06/28/2012 J (2) 844,899 D (2) 0 I Hebe Three Limited Partnership (1)
Class A Common 06/26/2012 S (3) 5,725 D $90.48 0 I Driftwood Holdings Three, LLC
Class A Common 45,143 I Trust u/a Owsley Brown III
Class A Common 2,220,077 I Olympus Three, LLC
Class B Common 42,793 D
Class B Common 1,320 I Owsley Brown II IRA
Class B Common 84,129 I Owsley Brown II 1994 GRAT
Class B Common 140,482 I Owsley Brown II 2001 GRAT
Class B Common 52,643 I Owsley Brown II 2002 GRAT
Class B Common 06/27/2012 S (4) 310,977 D $95.37 3,976,413 I Hebe Three Limited Partnership (1)
Class B Common 06/28/2012 J (2) 3,976,413 D (2) 0 I Hebe Three Limited Partnership
Class B Common 06/26/2012 S (3) 1,498 D $92.97 0 I Driftwood Holdings Three, LLC
Class B Common 4,368,864 I Olympus Three, LLC
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
Class B Common $30.18 05/01/2006 04/30/2013 Non-Qualified Stock Option (right to buy) 102,960 102,960 D
Class B Common $35.83 05/01/2007 04/30/2014 Non-Qualified Stock Option (right to buy) 82,386 82,386 D
Class B Common $53.62 11/15/2007 04/30/2017 Stock Appreciation Right 3,332 3,332 D
Explanation of Responses:
1. Adjusted to reflect change in form of ownership. On June 1, 2012, Hebe Limited Partnership contributed a pro rata portion of its Class A and Class B shares to Hebe Three Limited Partnership, with no change in the pecuniary interests therein.
2. The reporting person elected to report a pecuniary interest in the Hebe Three LP held by an estate for which she was appointed administrator in October 2011. On June 28, 2012, the estate's interest in the Hebe Three LP was redeemed.
3. Represents sale of the reporting person's pecuniary interest in Driftwood Holding Three, LLC.
4. Represents transfer of shares in payment of a debt.
Remarks:
Diane M. Barhorst, Atty in Fact for Christina Lee Brown 06/28/2012
** 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).
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