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
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

MORREAU JANE C 		2. Issuer Name and Ticker or Trading Symbol

BROWN FORMAN CORP [ BF'B ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
SVP, Chief Production Officer
(Last)          (First)          (Middle)

850 DIXIE HIGHWAY 		3. Date of Earliest Transaction (MM/DD/YYYY)

1/2/2015
(Street)

LOUISVILLE, KY 40210
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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 B Common   1/2/2015     M    4558.0000   A $28.5800   4610.5000   D    
Class B Common   1/2/2015     S    1932.0000   D $87.8498   (1) 2678.5000   D    
Class B Common   1/2/2015     F    2626.0000   D $87.8400   (2) 52.5000   D    
Class A Common                  8848.9081   (3) D    
Class B Common                  2739.3066   (4) I   ESPP  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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   $28.5800   1/2/2015     M         4558.0000    5/1/2008   4/30/2015   Class B Common   4558.0000   $0.0000   0.0000   D    
Stock Appreciation Right   $34.9500                    5/1/2009   4/30/2016   Class B Common   8400.0000     8400.0000   D    
Stock Appreciation Right   $33.7600                    5/1/2010   4/30/2017   Class B Common   9292.0000     9292.0000   D    
Stock Appreciation Right   $35.5100                    5/1/2011   4/30/2018   Class B Common   7131.0000     7131.0000   D    
Stock Appreciation Right   $27.0500                    5/1/2012   4/30/2019   Class B Common   11463.0000     11463.0000   D    
Stock Appreciation Right   $38.4300                    5/1/2013   4/30/2020   Class B Common   12590.0000     12590.0000   D    
Stock Appreciation Right   $46.4000                    5/1/2014   4/30/2021   Class B Common   14365.0000     14365.0000   D    
Stock Appreciation Right   $58.7000                    5/1/2015   4/30/2022   Class B Common   11098.0000     11098.0000   D    
Stock Appreciation Right   $72.4200                    5/1/2016   4/30/2023   Class B Common   9266.0000     9266.0000   D    
Stock Appreciation Right   $91.9700                    5/1/2017   4/30/2024   Class B Common   13425.0000     13425.0000   D    

Explanation of Responses:
( 1)  The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $87.84 to $87.9013, 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.
( 2)  The closing price of BF-B ($87.84) on December 30, 2014 was used to calculate the tax withholding obligation.
( 3)  Total updated as of December 22, 2014 to reflect dividend reinvestment.
( 4)  The number of shares acquired through issuer's employee stock purchase plan as of December 26, 2014.

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

SVP, Chief Production Officer

Signatures
Kelly A. Bowen, Attorney in Fact for Jane C. Morreau 1/2/2015
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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