BROWN FORMAN CORP 4
4 · BROWN FORMAN CORP · Filed Jun 3, 2015
Insider Transaction Report
Form 4
WELCH JAMES S JR
DirectorVice Chairman Strategy and HR
Transactions
- Award
Class A Common
2015-06-01+5,750→ 44,505 total
Holdings
- 21,971
Stock Appreciation Right
Exercise: $35.51From: 2011-05-01Exp: 2018-04-30→ Class B Common (21,971 underlying) - 20,186
Stock Appreciation Right
Exercise: $58.70From: 2015-05-01Exp: 2022-04-30→ Class B Common (20,186 underlying) - 23,938
Stock Appreciation Right
Exercise: $33.76From: 2010-05-01Exp: 2017-04-30→ Class B Common (23,938 underlying) - 22,345
Stock Appreciation Right
Exercise: $46.40From: 2014-05-01Exp: 2021-04-30→ Class B Common (22,345 underlying) - 31,498
Stock Appreciation Right
Exercise: $43.10From: 2012-05-01Exp: 2019-04-30→ Class B Common (31,498 underlying) - 13,349
Stock Appreciation Right
Exercise: $91.97From: 2017-05-01Exp: 2024-04-30→ Class B Common (13,349 underlying) - 31,470
Stock Appreciation Right
Exercise: $38.43From: 2013-05-01Exp: 2020-04-30→ Class B Common (31,470 underlying) - 14,758
Stock Appreciation Right
Exercise: $72.42From: 2016-05-01Exp: 2023-04-30→ Class B Common (14,758 underlying) - 25,002
Class B Common
- 13,492
Stock Appreciation Right
Exercise: $34.95From: 2009-05-01Exp: 2016-04-30→ Class B Common (13,492 underlying)
Footnotes (1)
- [F1]These shares were issued on June 1, 2015 in connection with a July 26, 2012 award of Class A Common Performance-Based Restricted Stock. The award - initially determined as a cash value - was subject to a three-year performance period, which ended April 30, 2015. The number of shares issued was determined by multiplying the cash value of the award by a three-year performance adjustment factor, dividing that amount by $60.67, which is the adjusted closing price of the issuer's Class A common stock on the date of the grant, and then adjusting upwards to account for dividends paid during the second and third years of the performance period.