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)
10/04/2012
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 257,700 (1) D
Class A Common 504,775 (2) I Owsley Brown II 1994 GRAT
Class A Common 816,126 (3) I Owsley Brown II 2001 GRAT
Class A Common 297,048 (4) I Owsley Brown II 2002 GRAT
Class A Common 67,714 (5) I Trust u/a Owsley Brown III
Class A Common 3,330,114 (6) I Olympus Three, LLC
Class B Common 10/04/2012 M 154,440 A $20.12 218,629 (7) D
Class B Common 10/04/2012 F 92,170 D $67.17 (16) 126,459 D
Class B Common 10/04/2012 S 24,361 D $66.56 (17) 102,098 D
Class B Common 10/05/2012 S 37,909 D $66.57 (18) 64,189 D
Class B Common 1,980 (8) I Owsley Brown II IRA
Class B Common 126,193 (9) I Owsley Brown II 1994 GRAT
Class B Common 210,723 (10) I Owsley Brown II 2001 GRAT
Class B Common 78,964 (11) I Owsley Brown II 2002 GRAT
Class B Common 6,703,641 (12) 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 $20.12 (13) 10/04/2012 M 154,440 05/01/2006 04/30/2013 Non-Qualified Stock Option (right to buy) 154,440 (13) $0 0 (13) D
Class B Common $23.89 (14) 05/01/2007 04/30/2014 Non-Qualified Stock Option (right to buy) 123,579 (14) 123,579 (14) D
Class B Common $35.75 (15) 11/15/2007 07/24/2015 Stock Appreciation Right 4,998 (15) 4,998 (15) D
Explanation of Responses:
1. On August 10, 2012, the Class A and Class B common stock of Brown-Forman Corporation split 3-2, resulting in the reporting person's acquisition of 85,900 additional shares of Class A common stock.
2. Includes 168,258 additional Class A shares of common stock issued in the August stock split.
3. Includes 272,042 additional Class A shares of common stock issued in the August stock split.
4. Includes 99,016 additional Class A shares of common stock issued in the August stock split.
5. Includes 22,571 additional Class A shares of common stock issued in the August stock split.
6. Includes 1,110,037 additional Class A shares of common stock issued in the August stock split.
7. Includes 21,396 additional Class B shares of common stock issued in the August stock split.
8. Includes 660 additional Class B shares of common stock issued in the August stock split.
9. Includes 42,064 additional Class B shares of common stock issued in the August stock split.
10. Includes 70,241 additional Class B shares of common stock issued in the August stock split.
11. Includes 26,321 additional Class B shares of common stock issued in the August stock split.
12. Includes 2,234,547 additional Class B shares of common stock issued in the August stock split.
13. These stock options were previously reported as covering 102,960 Class B shares at an exercise price of $30.18, but were adjusted to reflect the August 2012 stock split.
14. These stock options were previously reported as covering 82,386 Class B shares at an exercise price of $35.83, but were adjusted to reflect the August 2012 stock split.
15. These stock appreciation rights were previously reported as covering 3,332 Class B shares at an exercise price of $53.62, but were adjusted to reflect the August 2012 stock split.
16. The closing price of BF-B ($67.17) on October 3, 2012 was used to calculate the tax withholding obligations.
17. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $66.50 to $66.86, 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 (2) to this Form 4.
18. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $66.50 to $66.79, 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 (2) to this Form 4.
Remarks:
Diane M. Barhorst, Atty in Fact for Christina Lee Brown 10/09/2012
** 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).
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