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)
12/27/2012
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 D
Class A Common 504,775 I Owsley Brown II 1994 GRAT
Class A Common 67,714 I Trust u/a Owsley Brown III
Class A Common 12/27/2012 G (1) V 816,126 D (1) 0 I Owsley Brown II 2001 GRAT
Class A Common 12/27/2012 G (1) V 297,048 D (1) 0 I Owsley Brown II 2002 GRAT
Class A Common 12/27/2012 G (1) V 1,113,174 A (1) 1,277,100 I Estate of Owsley Brown II
Class A Common 12/27/2012 J (2) (3) 1,113,174 D (2) (3) 163,926 I Estate of Owsley Brown II
Class A Common 12/27/2012 J (2) (3) 1,113,174 A (2) (3) 1,113,174 I Polaris LLC
Class A Common 12/30/2012 J (2) (3) 126,544 D (2) (3) 3,300,114 I Olympus Three LLC
Class A Common 12/30/2012 J (2) (3) 126,544 A (2) (3) 3,330,114 I Olympus Three, LLC
Class A Common 12/31/2012 J (2) (3) 163,926 D (2) (3) 0 I Estate of Owsley Brown II
Class A Common 12/31/2012 J (2) (3) 163,926 A (2) (3) 1,277,100 I Polaris LLC
Class B Common 64,189 D
Class B Common 1,980 I Owsley Brown II IRA
Class B Common 126,193 I Owsley Brown II 1994 GRAT
Class B Common 12/27/2012 G (1) V 210,723 D (1) 0 I Owsley Brown II 2001 GRAT
Class B Common 12/27/2012 G (1) V 78,964 D (1) 0 I Owsley Brown II 2002 GRAT
Class B Common 12/27/2012 G (1) V 289,687 A (2) 596,776 I Estate of Owsley Brown II
Class B Common 12/27/2012 J (2) (3) 289,687 D (2) (3) 307,089 I Estate of Owsley Brown II
Class B Common 12/27/2012 J (2) (3) 289,687 A (2) (3) 289,687 I Polaris LLC
Class B Common 12/30/2012 J (2) (3) 254,738 D (2) (3) 6,703,641 I Olympus Three LLC
Class B Common 12/30/2012 J (2) (3) 254,738 A (2) (3) 6,703,641 I Olympus Three LLC
Class B Common 12/31/2012 J (2) (3) 53,913 D (2) (3) 253,176 I Estate of Owsley Brown II
Class B Common 12/31/2012 J (2) (3) 53,913 A (2) (3) 343,600 I Polaris 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
Non-Qualified Stock Option (right to buy) $22.49 (4) 05/01/2007 04/30/2014 Class B Common 131,303 (4) 131,303 (4) D
Stock Appreciation Right $33.65 (4) 11/15/2007 07/24/2015 Class B Common 5,311 (4) 5,311 (4) D
Explanation of Responses:
1. On December 27, 2012, the Owsley Brown II 2001 GRAT and Owsley Brown II 2002 GRAT terminated and delivered their shares to the Estate of Owsley Brown II. The reporting person was appointed administrator of the Estate in October 2011, and disclaims beneficial ownership of the shares held by the Estate except to the extent of her pecuniary interest therein.
2. On December 27, 2012, in a series of nearly simultaneous transactions, the Estate of Owsley Brown II transferred shares to the Owsley Brown Marital Trust, which transferred them to the reporting person, who transferred them to Polaris LLC. In a similar series of transactions on December 30, 2012, the Estate transferred a 3.8% interest in Olympus Three LLC to the Marital Trust, which transferred it to the reporting person, who transferred it to Polaris LLC. Finally, in a similar series of transactions on December 31, 2012, the Estate transferred 151,155 Class A shares and 50, 477 Class B shares to the Marital Trust, which transferred them to the reporting person, who transferred them to Polaris LLC. Also on December 31, 2012, the Estate transferred 12,771 Class A shares and 3,436 Class B shares directly to Polaris LLC.
3. The reporting person continued to have a pecuniary interest in the shares throughout these transactions, but disclaims beneficial ownership of the shares held by Polaris LLC and by Olympus Three except to the extent of such interest.
4. All outstanding derivative security amounts and exercise prices were adjusted on December 27, 2012, the record date for the Issuer's December 12, 2012 special cash dividend.
Remarks:
Diane M. Barhorst, Atty in Fact for Christina Lee Brown 01/31/2013
** 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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