SEC FORM 4

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 III

(Last)

(First)

(Middle)

850 DIXIE HIGHWAY

(Street)

LOUISVILLE

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)
12/22/2016

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common	10/10/2016		G	V	283	A	$0	2,749⁽¹⁾	D
Class A Common	10/10/2016		G	V	1,801	D	$0	948	D
Class A Common	10/10/2016		G	V	283	A	$0	21,579⁽²⁾	I	Trust fbo Child-1
Class A Common	10/10/2016		G	V	283	A	$0	21,195⁽³⁾	I	Trust fbo Child-2
Class A Common	10/10/2016		G	V	283	A	$0	6,745⁽⁴⁾	I	Trust fbo Child-3
Class A Common	10/10/2016		G	V	283	A	$0	5,533⁽⁵⁾	I	Trust fbo Victoire Brown
Class A Common	12/22/2016		J⁽⁶⁾		643,090	A	$46.51	644,038	D
Class B Common								1,124⁽⁷⁾	I	c/f Child-1
Class B Common								1,124⁽⁷⁾	I	c/f Child-2
Class A Common								4,580⁽⁸⁾	I	CLB 2012 Trust
Class B Common								91,342⁽⁹⁾	I	CLB 2012 Trust
Class B Common								41,610⁽¹⁰⁾	I	CLB Grandchildren Eq. Tr.
Class A Common								62,984⁽¹¹⁾	I	CLB Grandchildren Eq. Tr.
Class B Common								24,254⁽¹²⁾	I	CLB Trust fbo Child-3⁽¹³⁾
Class A Common								42,478⁽¹⁴⁾	I	CLB Trust fbo Child-3⁽¹³⁾
Class B Common								20,640⁽¹⁵⁾	I	CLB Trust fbo Child-2⁽¹⁶⁾
Class A Common								28,028⁽¹⁷⁾	I	CLB Trust fbo Child-2⁽¹⁶⁾
Class B Common								20,544⁽¹⁸⁾	I	CLB Trust fbo Child-1⁽¹⁹⁾
Class A Common								27,644⁽²⁰⁾	I	CLB Trust fbo Child-1⁽¹⁹⁾
Class A Common								36⁽²¹⁾	I	Eleanor Lee Trusts
Class B Common								25,790⁽²²⁾	I	Eleanor Lee Trusts
Class A Common								103,746⁽²³⁾	I	GRAT #1
Class A Common								67,292⁽²⁴⁾	I	GRAT #2
Class B Common								1,092⁽²⁵⁾	I	Hebe Exempt Trust
Class B Common								430,568⁽²⁶⁾	I	Hebe Three Limited Partnership

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. In August 2016, the Class A and Class B common stock of Brown-Forman Corporation split 2-1, resulting in the reporting person's acquisition of 1,233 additional shares.

2. Reflects the acquisition of 10,648 additional shares in the August 2016 stock split.

3. Reflects the acquisition of 10,456 additional shares in the August 2016 stock split.

4. Reflects the acquisition of 3,231 additional shares in the August 2016 stock split.

5. Reflects the acquisition of 2,625 additional shares in the August 2016 stock split.

6. On December 22, 2016, a limited partnership transferred 643,090 Class A shares to the reporting person as a partial redemption of the reporting person's interest in the partnership.

7. Reflects the acquisition of 562 additional shares in the August 2016 stock split.

8. Reflects the acquisition of 2,290 additional shares in the August 2016 stock split.

9. Reflects the acquisition of 45,671 additional shares in the August 2016 stock split.

10. Reflects the acquisition of 20,805 additional shares in the August 2016 stock split.

11. Reflects the acquisition of 31,492 additional shares in the August 2016 stock split.

12. Reflects the acquisition of 12,127 additional shares in the August 2016 stock split.

13. Formerly known as CLB Trust fbo Catalina Brown.

14. Reflects the acquisition of 21,239 additional shares in the August 2016 stock split.

15. Reflects the acquisition of 10,320 additional shares in the August 2016 stock split.

16. Formerly known as CLB Trust fbo Chiara Brown.

17. Reflects the acquisition of 14,014 additional shares in the August 2016 stock split.

18. Reflects the acquisition of 10,272 additional shares in the August 2016 stock split.

19. Formerly known as CLB Trust fbo William Brown.

20. Reflects the acquisition of 13,822 additional shares in the August 2016 stock split.

21. Reflects the acquisition of 18 additional shares in the August 2016 stock split.

22. Reflects the acquisition of 12,895 additional shares in the August 2016 stock split.

23. Reflects the acquisition of 51,873 additional shares in the August 2016 stock split.

24. Reflects the acquisition of 33,646 additional shares in the August 2016 stock split.

25. Reflects the acquisition of 546 additional shares in the August 2016 stock split.

26. Reflects the acquisition of 215,284 additional shares in the August 2016 stock split.

Remarks:

1st of 2 Forms

	Michael E. Carr, Attorney in Fact for Owsley Brown III	12/27/2016
	** 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.
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