BOUSQUET CHAVANNE PATRICK 4
4 · BROWN FORMAN CORP · Filed Jul 31, 2017
Insider Transaction Report
Form 4
BROWN FORMAN CORPBFA, BFB
BOUSQUET CHAVANNE PATRICK
Director
Transactions
- Award
Deferred Stock Units
2017-07-27+2,200.536→ 18,031.53 total→ Class A Common (2,200.536 underlying)
Holdings
- 53,332
Class B Common
- 10,565.34
Deferred Stock Units
→ Class B Common (10,565.34 underlying)
Footnotes (6)
- [F1]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 26,666 additional shares.
- [F2]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 27, 2017, were based on the closing price of the Company's Class A common stock on that date ($52.26). 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.
- [F3]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.
- [F4]Updated to reflect the August 2016 stock split.
- [F5]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 totals on this form have been updated to reflect such credits.
- [F6]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.