Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
MORREAU JANE C
  2. Issuer Name and Ticker or Trading Symbol
BROWN FORMAN CORP [BFA, BFB]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
EVP, Chief Financial Officer
(Last)
(First)
(Middle)
850 DIXIE HIGHWAY
3. Date of Earliest Transaction (Month/Day/Year)
04/30/2018
(Street)

LOUISVILLE, KY 40210
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common 04/30/2018   F   1,472 (1) D $ 53.37 (2) 23,081 (3) D  
Class B Common 04/30/2018   F   368 (4) D $ 56.04 (5) 5,899 (6) D  
Class B Common               8,068.8785 (7) I ESPP

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Appreciation Right $ 15.088 (8)             05/01/2013 04/30/2020 Class B Common 32,067 (8)   32,067 D  
Stock Appreciation Right $ 18.217 (9)             05/01/2014 04/30/2021 Class B Common 36,588 (9)   36,588 D  
Stock Appreciation Right $ 23.047 (10)             05/01/2015 04/30/2022 Class B Common 28,267 (10)   28,267 D  
Stock Appreciation Right $ 28.433 (11)             05/01/2016 04/30/2023 Class B Common 23,601 (11)   23,601 D  
Stock Appreciation Right $ 36.109 (12)             05/01/2017 04/30/2024 Class B Common 34,194 (12)   34,194 D  
Stock Appreciation Right $ 40.145 (13)             05/01/2018 04/30/2025 Class B Common 34,077 (13)   34,077 D  
Stock Appreciation Right $ 38.481 (14)             05/01/2019 04/30/2026 Class B Common 52,827 (14)   52,827 D  
Stock Appreciation Right $ 39.757 (15)             05/01/2020 04/30/2027 Class B Common 40,510 (15)   40,510 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
MORREAU JANE C
850 DIXIE HIGHWAY
LOUISVILLE, KY 40210
      EVP, Chief Financial Officer  

Signatures

 Michael E. Carr, Jr., Attorney in Fact for Jane C. Morreau   05/02/2018
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) To satisfy withholding obligations associated with the July 24, 2014 award of Class A common stock that vested on April 30, 2018, the reporting person surrendered 1,472 shares of Class A common stock.
(2) The closing price of BF-A on April 30, 2018 was used to calculate the withholding obligation.
(3) Total has been updated to reflect dividend reinvestment.
(4) To satisfy withholding obligations associated with the shares of Class B performance-based restricted stock that were issued in the February 2018 stock split and vested on April 30, 2018, the reporting person surrendered 368 shares of Class B common stock.
(5) The closing price of BF-B on April 30, 2018 was used to calculate the withholding obligation.
(6) On February 28, 2018, the issuer completed a stock split resulting in the distribution of one share of Class B common stock for every four shares of either Class A or Class B common stock held. On April 23, 2018, the issuer paid a special cash dividend. Total has been updated to reflect the acquisition of 6,163 additional shares in the February 2018 stock split, including 773 shares of Class B common performance-based restricted stock issued in connection with the July 24, 2014 award of Class A common stock.
(7) Number of shares acquired through the issuer's employee stock purchase program as of April 30, 2018.
(8) These stock appreciation rights were previously reported as covering 25,180 shares at an exercise price of $19.215, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.
(9) These stock appreciation rights were previously reported as covering 28,730 shares at an exercise price of $23.20, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.
(10) These stock appreciation rights were previously reported as covering 22,196 shares at an exercise price of $29.35, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.
(11) These stock appreciation rights were previously reported as covering 18,532 shares at an exercise price of $36.21, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.
(12) These stock appreciation rights were previously reported as covering 26,850 shares at an exercise price of $45.985, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.
(13) These stock appreciation rights were previously reported as covering 26,758 shares at an exercise price of $51.125, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.
(14) These stock appreciation rights were previously reported as covering 41,482 shares at an exercise price of $49.005, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.
(15) These stock appreciation rights were previously reported as covering 31,810 shares at an exercise price of $50.63, but were adjusted to reflect the February 2018 stock split and April 2018 special dividend.

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