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

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^*

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)
04/30/2018

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	04/30/2018		M		9,327	A	$13.942	44,097⁽¹⁾	D
Class B Common	04/30/2018		F		4,602	D	$56.04⁽²⁾	39,495	D
Class A Common	04/30/2018		F		482⁽³⁾	D	$53.37⁽⁴⁾	22,657	D
Class B Common	04/30/2018		F		121⁽⁵⁾	D	$56.04⁽²⁾	39,374	D
Class B Common								15,427.363⁽⁶⁾	I	By 401k
Class B Common								1,653.1226⁽⁷⁾	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	$13.942⁽⁸⁾	04/30/2018		M			9,327	05/01/2011	04/30/2018	Class B Common	9,327⁽⁸⁾	$0	0	D
Stock Appreciation Right	$10.62⁽⁹⁾							05/01/2012	04/30/2019	Class B Common	76,404⁽⁹⁾		76,404	D
Stock Appreciation Right	$15.088⁽¹⁰⁾							05/01/2013	04/30/2020	Class B Common	64,126⁽¹⁰⁾		64,126	D
Stock Appreciation Right	$18.217⁽¹¹⁾							05/01/2014	04/30/2021	Class B Common	60,980⁽¹¹⁾		60,980	D
Stock Appreciation Right	$23.047⁽¹²⁾							05/01/2015	04/30/2022	Class B Common	56,531⁽¹²⁾		56,531	D
Stock Appreciation Right	$28.433⁽¹³⁾							05/01/2016	04/30/2023	Class B Common	42,910⁽¹³⁾		42,910	D
Stock Appreciation Right	$36.109⁽¹⁴⁾							05/01/2017	04/30/2024	Class B Common	33,676⁽¹⁴⁾		33,676	D
Stock Appreciation Right	$40.145⁽¹⁵⁾							05/01/2018	04/30/2025	Class B Common	38,419⁽¹⁵⁾		38,419	D
Stock Appreciation Right	$38.481⁽¹⁶⁾							05/01/2019	04/30/2026	Class B Common	56,472⁽¹⁶⁾		56,472	D
Stock Appreciation Right	$39.757⁽¹⁷⁾							05/01/2020	04/30/2027	Class B Common	47,637⁽¹⁷⁾		47,637	D

Explanation of Responses:

1. On February 28, 2018, the issuer completed a stock split resulting in the distribution of one share of Class B common stock for every four shares of either Class A or Class B common stock held. On April 23, 2018, the issuer paid a special cash dividend. Total has been updated to reflect the acquisition of 11,581 additional shares in the February 2018 stock split, including 370 shares of Class B common performance-based restricted stock issued in connection with the July 24, 2014 award of Class A common stock.

2. The closing price of BF-B on April 30, 2018 was used to calculate the withholding obligation.

3. To satisfy withholding obligations associated with the July 24, 2014 award of Class A common stock that vested on April 30, 2018, the reporting person surrendered 482 shares of Class A common stock.

4. The closing price of BF-A on April 30, 2018 was used to calculate the withholding obligation.

5. To satisfy withholding obligations associated with the shares of Class B performance-based restricted stock that were issued in the February 2018 stock split and vested on April 30, 2018, the reporting person surrendered 121 shares of Class B common stock.

6. Number of shares acquired through the issuer's 401(k) plan as of April 30, 2018, including shares acquired in the February 2018 stock split.

7. Number of shares acquired through the issuer's employee stock purchase program as of May 2, 2018, including shares acquired in the February 2018 stock split.

8. These stock appreciation rights were previously reported as covering 7,324 shares at an exercise price of $17.755, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.

9. These stock appreciation rights were previously reported as covering 59,996 shares at an exercise price of $13.525, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.

10. These stock appreciation rights were previously reported as covering 50,354 shares at an exercise price of $19.215, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.

11. These stock appreciation rights were previously reported as covering 47,884 shares at an exercise price of $23.20, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.

12. These stock appreciation rights were previously reported as covering 44,390 shares at an exercise price of $29.35, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.

13. These stock appreciation rights were previously reported as covering 33,694 shares at an exercise price of $36.21, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.

14. These stock appreciation rights were previously reported as covering 26,444 shares at an exercise price of $45.985, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.

15. These stock appreciation rights were previously reported as covering 30,168 shares at an exercise price of $51.125, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.

16. These stock appreciation rights were previously reported as covering 44,344 shares at an exercise price of $49.005, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.

17. These stock appreciation rights were previously reported as covering 37,406 shares at an exercise price of $50.63, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.

Remarks:

	Michael E. Carr, Jr., Attorney in Fact for Matthew E. Hamel	05/02/2018
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.