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, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

STUBBS DACE BROWN
2. Issuer Name and Ticker or Trading Symbol

BROWN FORMAN CORP [ BFA, BFB ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

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

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

4/8/2010
(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 A Common                  2000   D  
 
Class A Common                  2885323   I   Log House Partners Ltd.  
Class B Common   4/8/2010     M    9018   A $19.68   13239   D  
 
Class B Common   4/8/2010     F    2992   D $59.32   10247   D  
 
Class B Common   4/8/2010     S    6026   D $59.2151   (1) 4221   D  
 
Class B Common                  721330   I   Log House Partners Ltd.  

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
Non-Qualified Stock Option (right to buy)   $19.68   4/8/2010     M         9018    5/1/2003   4/30/2010   Class B Common   9018   $0   0   D  
 
Non-Qualified Stock Option (right to buy)   $26.67                    7/31/2001   4/30/2011   Class B Common   6619     6619   D  
 
Non-Qualified Stock Option (right to buy)   $25.06                    5/1/2002   4/30/2012   Class B Common   4027     4027   D  
 
Non-Qualified Stock Option (right to buy)   $30.62                    5/1/2003   4/30/2013   Class B Common   3867     3867   D  
 
Non-Qualified Stock Option (right to buy)   $36.35                    7/22/2004   4/30/2014   Class B Common   3009     3009   D  
 
Stock Appreciation Rights   $46.19                    7/28/2005   4/30/2015   Class B Common   3499     3499   D  
 
Stock Appreciation Right   $56.50                    7/27/2006   4/30/2016   Class B Common   2980     2980   D  
 
Stock Appreciation Right   $54.58                    7/26/2007   4/30/2017   Class B Common   3702     3702   D  
 
Stock Appreciation Right   $57.40                    7/24/2008   4/30/2018   Class B Common   3398     3398   D  
 
Stock Appreciation Right   $43.72                    7/23/2009   4/30/2019   Class B Common   4175     4175   D  
 

Explanation of Responses:
( 1)  Price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.17 to $59.235, 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.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
STUBBS DACE BROWN
850 DIXIE HIGHWAY
LOUISVILLE, KY 40210
X



Signatures
Diane M. Barhorst, Atty. in Fact for: Dace Brown Stubbs 4/12/2010
** 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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