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^*

Hamel Matthew E

(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	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP, Gen Counsel and Secretary

3. Date of Earliest Transaction (Month/Day/Year)
01/31/2017

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 B Common	01/31/2017		M		7,559	A	$16.825	16,064	D
Class B Common	01/31/2017		F		4,573	D	$45.48⁽¹⁾	11,491	D
Class A Common								22,482	D
Class B Common								10,942.8851⁽²⁾	I	By 401k
Class A Common								0.1385⁽³⁾	I	DRIP
Class B Common								462.1589⁽⁴⁾	I	ESPP

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)
Stock Appreciation Right	$16.825	01/31/2017		M			7,559	05/01/2010	04/30/2017	Class B Common	7,559	$0	7,559	D
Stock Appreciation Right	$17.755							05/01/2011	04/30/2018	Class B Common	29,294		29,294	D
Stock Appreciation Right	$13.525							05/01/2012	04/30/2019	Class B Common	59,996		59,996	D
Stock Appreciation Right	$19.215							05/01/2013	04/30/2020	Class B Common	50,354		50,354	D
Stock Appreciation Right	$23.2							05/01/2014	04/30/2021	Class B Common	47,884		47,884	D
Stock Appreciation Right	$29.35							05/01/2015	04/30/2022	Class B Common	44,390		44,390	D
Stock Appreciation Right	$36.21							05/01/2016	04/30/2023	Class B Common	33,694		33,694	D
Stock Appreciation Right	$45.985							05/01/2017	04/30/2024	Class B Common	26,444		26,444	D
Stock Appreciation Right	$51.125							05/01/2018	04/30/2025	Class B Common	30,168		30,168	D
Stock Appreciation Right	$49.005							05/01/2019	04/30/2026	Class B Common	44,344		44,344	D
Stock Appreciation Right	$98.01							05/01/2019	04/30/2026	Class B Common	22,172		22,172	D

Explanation of Responses:

1. The closing price of BF-B on January 30, 2017 was used to calculate the withholding obligation.

2. Number of shares acquired through the issuer's 401(k) plan as of January 31, 2017.

3. Number of shares acquired through the issuer's dividend reinvestment plan as of January 31, 2017.

4. Number of shares acquired through the issuer's employee stock purchase program as of January 31, 2017.

Remarks:

	Michael E. Carr, Jr., Attorney in Fact for Matthew E. Hamel	02/02/2017
	** 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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