BROWN FORMAN CORP 4
4 · BROWN FORMAN CORP · Filed Jun 23, 2015
Insider Transaction Report
Form 4
WELCH JAMES S JR
DirectorVice Chairman Strategy and HR
Transactions
- Sale
Class B Common
2015-06-19$101.06/sh−4,478$452,542→ 34,016 total - Exercise/Conversion
Stock Appreciation Right
2015-06-19−13,492→ 0 totalExercise: $34.95From: 2009-05-01Exp: 2016-04-30→ Class B Common (13,492 underlying) - Exercise/Conversion
Class B Common
2015-06-19$34.95/sh+13,492$471,545→ 38,494 total - Tax Payment
Class B Common
2015-06-19$101.60/sh−9,014$915,822→ 25,002 total
Holdings
- 23,938
Stock Appreciation Right
Exercise: $33.76From: 2010-05-01Exp: 2017-04-30→ Class B Common (23,938 underlying) - 31,498
Stock Appreciation Right
Exercise: $43.10From: 2012-05-01Exp: 2019-04-30→ Class B Common (31,498 underlying) - 31,470
Stock Appreciation Right
Exercise: $38.43From: 2013-05-01Exp: 2020-04-30→ Class B Common (31,470 underlying) - 22,345
Stock Appreciation Right
Exercise: $46.40From: 2014-05-01Exp: 2021-04-30→ Class B Common (22,345 underlying) - 20,186
Stock Appreciation Right
Exercise: $58.70From: 2015-05-01Exp: 2022-04-30→ Class B Common (20,186 underlying) - 13,349
Stock Appreciation Right
Exercise: $91.97From: 2017-05-01Exp: 2024-04-30→ Class B Common (13,349 underlying) - 44,505
Class A Common
- 21,971
Stock Appreciation Right
Exercise: $35.51From: 2011-05-01Exp: 2018-04-30→ Class B Common (21,971 underlying) - 14,758
Stock Appreciation Right
Exercise: $72.42From: 2016-05-01Exp: 2023-04-30→ Class B Common (14,758 underlying)
Footnotes (2)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $101.05 to $101.10, inclusive. The reporting person undertakes to provide to Brown-Forman Corporation, any security holder of Brown-Forman Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- [F2]The closing price of BF-B ($101.60) on June 18, 2015 was used to calculate the withholding obligation.