BYRNES BRUCE L 4
4 · BROWN FORMAN CORP · Filed Aug 1, 2011
Insider Transaction Report
Form 4
BROWN FORMAN CORPBFA, BFB
BYRNES BRUCE L
Director
Transactions
- Award
Deferred Stock Units
2011-07-28+406→ 1,243.56 total→ Class B Common (406 underlying)
Footnotes (2)
- [F1]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 B common stock. Grants made on July 28, 2011, were based on the closing price of the Company's Class B common stock on that date ($73.95). On each dividend payment date, participants are credited with DSU equivalents.
- [F2]Annual grants of DSUs vest over the course of the Board year. DSUs are paid out in class B common stock on the first February 1 that is at least six months following the Director's termination from Board service.