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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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* Alvarez Alejandro A (Last) (First) (Middle) 850 DIXIE HIGHWAY (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 10% Owner X Officer (give title below) Other (specify below) SVP, CPO
	3. Date of Earliest Transaction (Month/Day/Year) 04/30/2017
	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)
			Code	V	Amount	(A) or (D)	Price
Class B Common	04/30/2017		M		238	A	$0(1)	602(2)	D
Class B Common	04/30/2017		F		83	D	$47.32(3)	519	D
Class B Common								1,105.6052(4)	I	By 401k

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
Restricted Stock Units	(5)	04/30/2017		M			238	04/30/2017(1)	(1)	Class B Common	238(6)	$0	0	D
Stock Appreciation Right	$23.2(7)							05/01/2014	04/30/2021	Class B Common	8,314(7)		8,314	D
Stock Appreciation Right	$29.35(8)							05/01/2015	04/30/2022	Class B Common	6,100(8)		6,100	D
Stock Appreciation Right	$36.21(9)							05/01/2016	04/30/2023	Class B Common	6,916(9)		6,916	D
Stock Appreciation Right	$45.985(10)							05/01/2017	04/30/2024	Class B Common	8,138(10)		8,138	D
Stock Appreciation Right	$51.125(11)							05/01/2018	04/30/2025	Class B Common	14,166(11)		14,166	D
Stock Appreciation Right	$49.005(12)							05/01/2019	04/30/2026	Class B Common	16,760(12)		16,760	D

Explanation of Responses:

1. The Restricted Stock Units were granted on July 25, 2013, and vested on April 30, 2017.

2. 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 182 additional shares.

3. The closing price of BF-B on April 28, 2017 was used to calculate the withholding obligation.

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

5. Each restricted stock unit represents a contingent right to receive one share of Brown-Forman Class B common stock.

6. Reflects the acquisition of 119 additional restricted stock units in the August 2016 stock split.

7. These stock appreciation rights were previously reported as covering 4,157 shares at an exercise price of $46.40, but were adjusted to reflect the August 2016 stock split.

8. These stock appreciation rights were previously reported as covering 3,050 shares at an exercise price of $58.70, but were adjusted to reflect the August 2016 stock split.

9. These stock appreciation rights were previously reported as covering 3,458 shares at an exercise price of $72.42, but were adjusted to reflect the August 2016 stock split.

10. These stock appreciation rights were previously reported as covering 4,069 shares at an exercise price of $91.97, but were adjusted to reflect the August 2016 stock split.

11. These stock appreciation rights were previously reported as covering 7,083 shares at an exercise price of $102.25, but were adjusted to reflect the August 2016 stock split.

12. These stock appreciation rights were previously reported as covering 8,380 shares at an exercise price of $98.01, but were adjusted to reflect the August 2016 stock split.

Remarks:

	Michael E. Carr, Jr., Attorney in Fact for Alejandro A. Alvarez	05/02/2017
	** 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).
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