BROWN FORMAN CORP 4
4 · BROWN FORMAN CORP · Filed Jul 27, 2015
Insider Transaction Report
Form 4
Cook John D.
Director
Transactions
- Award
Deferred Stock Units
2015-07-23+1,572.33→ 5,965.19 total→ Class A Common (1,572.33 underlying)
Holdings
- 5,132.75
Deferred Stock Units
→ Class B Common (5,132.75 underlying) - 3,002
Stock Appreciation Right
Exercise: $61.24From: 2010-07-22Exp: 2020-04-30→ Class B Common (3,002 underlying) - 7,812
Stock Appreciation Right
Exercise: $43.10From: 2009-07-23Exp: 2019-04-30→ Class B Common (7,812 underlying) - 2,833
Stock Appreciation Right
Exercise: $57.61From: 2008-09-25Exp: 2018-04-30→ Class B Common (2,833 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 23, 2015, were based on the closing price of the Company's Class A common stock on that date ($111.30). 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.
- [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 totals have been updated to reflect such credits, and the DSU totals on this form have 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.