Brown-Forman (BF-A) Form 4 BROWN FORMAN / Augusta Brown Holland ownership change

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^*

Holland Augusta Brown

(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)

X	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)
			Code	V	Amount	(A) or (D)	Price
Class B Common								430,568(1)	I	Hebe Three Limited Partnership
Class A Common								633,674(2)	I	Hebe Three Limited Partnership
Class B Common								1,930(3)	I	Holland Family Trust
Class B Common								404,678(4)	I	OB2 Marital Trust
Class A Common								1,770(5)	I	OB2 Martial Trust
Class A Common								24(6)	I	OB2 Reverse QTIP Trust
Class B Common								102,896(7)	I	OB2 Reverse QTIP Trust
Class B Common								190,970(8)	I	OB3 GST Exempt Trust
Class A Common								6,660,230(9)	I	Olympus Three LLC
Class B Common								13,407,282(10)	I	Olympus Three LLC
Class B Common								10,218(11)	I	Trust fbo Augusta Holland
Class A Common								40,878(12)	I	Trust fbo Augusta Holland
Class B Common								348,560(13)	I	Trust fbo Barzun Children
Class B Common								1,820(14)	I	Trust fbo Child-1
Class B Common								192,392(15)	I	Trust fbo Children

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
Deferred Stock Units	(16)							(17)	(17)	Class A Common	3,381.661(18)		3,381.661(18)	D
Deferred Stock Units	(19)							(17)	(17)	Class A Common	1,183.28(20)		1,183.28(20)	D

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 215,284 additional shares.

2. Reflects the acquisition of 316,837 additional shares in the August 2016 stock split.

3. Reflects the acquisition of 962 additional shares in the August 2016 stock split, and the correction of a prior mathematical error.

4. Reflects the acquisition of 202,339 additional shares in the August 2016 stock split.

5. Reflects the acquisition of 885 additional shares in the August 2016 stock split.

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

7. Reflects the acquisition of 51,448 additional shares in the August 2016 stock split.

8. Reflects the acquisition of 95,485 additional shares in the August 2016 stock split.

9. Reflects the acquisition of 3,330,115 additional shares in the August 2016 stock split.

10. Reflects the acquisition of 6,703,641 additional shares in the August 2016 stock split.

11. Reflects the acquisition of 5,109 additional shares in the August 2016 stock split.

12. Reflects the acquisition of 20,439 additional shares in the August 2016 stock split.

13. Reflects the acquisition of 174,280 additional shares in the August 2016 stock split.

14. Reflects the acquisition of 910 additional shares in the August 2016 stock split.

15. Reflects the acquisition of 96,196 additional shares in the August 2016 stock split.

16. Under the Brown-Forman Corporation Non-Employee Director Deferred Stock Unit Program, each DSU represents the right to receive one share of the Company's Class A common stock. On each dividend payment date, participants are credited with DSU equivalents.

17. Annual grants of DSUs vest over the course of the Board year. DSUs are paid out in Class A common stock on the first February 1 that is at least six months following the Director's termination from Board service.

18. Updated to reflect the August 2016 stock split.

19. Under the Brown-Forman Non-Employee Director Deferred Stock Unit Program each DSU represents the right to receive one share of the Company's Class A common stock. On each dividend payment date, participants are credited with DSU equivalents.

20. Updated to reflect the August 2016 stock split.

Remarks:

2nd of 2 Forms

	Michael E. Carr, Jr., Attorney in Fact for Augusta Brown Holland	12/27/2016
	** Signature of Reporting Person	Date
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