BROWN FORMAN CORP 4
4 · BROWN FORMAN CORP · Filed Aug 1, 2016
Insider Transaction Report
Form 4
BROWN FORMAN CORPBFA, BFB
BYRNES BRUCE L
Director
Transactions
- Award
Deferred Stock Units
2016-07-28+1,093.78→ 4,807.584 total→ Class A Common (1,093.78 underlying)
Holdings
- 3,364.668
Deferred Stock Units
→ Class B Common (3,364.668 underlying)
Footnotes (4)
- [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 A common stock. Grants made on July 28, 2016, were based on the closing price of the Company's Class A common stock on that date ($105.14). On each dividend payment date, participants are credited with DSU equivalents, and the DSU total on this form has been updated to reflect such credits.
- [F2]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.
- [F3]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. On each dividend payment date, participants are credited with DSU equivalents, and the DSU total on this form has been updated to reflect such credits.
- [F4]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.