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Filing Details

Accession Number:: 0000014693-11-000013
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2011-03-23 15:57:24
Reporting Period:: 2011-03-21

Filing Date:: 2011-03-23
Accepted Time:: 2011-03-23 15:57:24
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
14693	Brown Forman Corp	BFA, BFB	Beverages (2080)	610143150

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1197231	Brown Dace Stubbs	850 Dixie Highway Louisville KY 40210		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Class B Common	Acquisiton	2011-03-21	6,715	$26.29	10,936	No	4	M	Direct
Class B Common	Disposition	2011-03-21	2,656	$66.49	8,280	No	4	F	Direct
Class B Common	Disposition	2011-03-21	4,059	$67.79	4,221	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	F	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class B Common	Non-Qualified Stock Option (right to buy)	Disposition	2011-03-21	6,715	$0.00	6,715	$26.29

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2001-07-31	2011-04-30	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common	2,000	Direct
Class A Common	2,885,323	Indirect	Log House Partners Ltd.
Class B Common	721,330	Indirect	Log House Partners Ltd.

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Class B Common	Non-Qualified Stock Option (right to buy)	$24.70	2002-05-01	2012-04-30	4,085	4,085	Direct
Class B Common	Non-Qualified Stock Option (right to buy)	$30.18	2003-05-01	2013-04-30	3,923	3,923	Direct
Class B Common	Non-Qualified Stock Option (right to buy)	$35.83	2004-07-22	2014-04-30	3,053	3,053	Direct
Class B Common	Stock Appreciation Rights	$45.53	2005-07-28	2015-04-30	3,550	3,550	Direct
Class B Common	Stock Appreciation Right	$55.69	2006-07-27	2016-04-30	3,023	3,023	Direct
Class B Common	Stock Appreciation Right	$53.80	2007-07-26	2017-04-30	3,756	3,756	Direct
Class B Common	Stock Appreciation Right	$56.58	2008-07-24	2018-04-30	3,447	3,447	Direct
Class B Common	Stock Appreciation Right	$43.10	2009-07-23	2019-04-30	4,236	4,236	Direct
Class B Common	Deferred Stock Unit	$0.00			1,004	1,004	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2012-04-30	4,085	4,085	Direct
2013-04-30	3,923	3,923	Direct
2014-04-30	3,053	3,053	Direct
2015-04-30	3,550	3,550	Direct
2016-04-30	3,023	3,023	Direct
2017-04-30	3,756	3,756	Direct
2018-04-30	3,447	3,447	Direct
2019-04-30	4,236	4,236	Direct
	1,004	1,004	Direct

Footnotes

Price reported is the weighted average price. These shares were sold in multiple transactions at prices ranging from $66.77 to $67.82, 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 this range.
All outstanding derivative security amounts and exercise prices were adjusted on December 10, 2010, the record date for the Issuer's December 28, 2010 special cash dividend.
These options were previously reported as covering 6,619 shares at an exercise price of $26.29 per share, but were adjusted to reflect the December 28, 2010 special cash dividend.
These options were previously reported as covering 4,027 shares at an exercise price of $25.06 per share, but were adjusted to reflect the December 28, 2010 special cash dividend.
These options were previously reported as covering 3,867 shares at an exercise price of $30.62 per share, but were adjusted to reflect the December 28, 2010 special cash dividend.
These options were previously reported as covering 3,009 shares at an exercise price of $36.35 per share, but were adjusted to reflect the December 28, 2010 special cash dividend.
These stock appreciation rights were previously reported as covering 3,499 shares at an exercise price of $46.19 per share, but were adjusted to reflect the December 28, 2010 special cash dividend.
These stock appreciation rights were previously reported as covering 2,980 shares at an exercise price of $56.50 per share, but were adjusted to reflect the December 28, 2010 special cash dividend.
These stock appreciation rights were previously reported as covering 3,702 shares at an exercise price of $54.58 per share, but were adjusted to reflect the December 28, 2010 special cash dividend.
These stock appreciation rights were previously reported as covering 3,398 shares at an exercise price of $57.40 per share, but were adjusted to reflect the December 28, 2010 special cash dividend.
These stock appreciation rights were previously reported as covering 4,175 shares at an exercise price of $43.72 per share, but were adjusted to reflect the December 28, 2010 special cash dividend.
Each deferred stock unit represents a contingent right to receive one share of Brown-Forman Class B common stock.
The deferred stock units vest over the course of the Board year. Vested shares will be delivered to the reporting person on the first February 1st that is at least 6 months following the Director's termination from Board service.