SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

BROWN OWSLEY II

(Last)

(First)

(Middle)

850 DIXIE HIGHWAY

(Street)

LOUISVILLE

40210

(City)

(State)

(Zip)

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	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman

3. Date of Earliest Transaction (Month/Day/Year)
06/15/2007

4. If Amendment, Date of 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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common								127,811	D
Class A Common								200,032	I	Breeze Hill, LP
Class A Common								345,153	I	GRAT (Grantor Trust) '94
Class A Common								22,958	I	GRAT 12/01
Class A Common								99,964	I	Longview, LP
Class A Common								529,610	I	Poplar Terrace, LP
Class A Common								1,992.352	I	Guilford-Brown, LP
Class A Common								3,788.9	I	Nectar, LP
Class A Common								438,008.5	I	GANYMO Trust/Partnership
Class A Common								2,090,418	I	Olympus Three, LLC
Class A Common								172,930	I	By Spouse
Class B Common	06/15/2007		M		615	A	$48.78	1,671	D
Class B Common	06/15/2007		S		615	D	$72.76	1,056	D
Class B Common								54,402	I	Equal Shares 2006, LP
Class B Common								1,302	I	Longview, LP
Class B Common								115.478	I	Guilford-Brown, LP
Class B Common								346,589	I	Hebe, LP
Class B Common								2,537	I	Hebe Non-Exempt Trust fbo Owsley Brown II
Class B Common								874	I	Hebe Exempt Trust fbo Owsley Brown II
Class B Common								933,350.5	I	GANYMO Trust/Partnership
Class B Common								2,856,538	I	Olympus Three, LLC

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 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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Non-Qualified Stock Option (right to buy)	$48.78	06/15/2007		M			615	05/01/2006	08/31/2007	Class B Common	615	$0	0	D
Non-Qualified Stock Option (right to buy)	$29.88							05/01/2001	04/30/2008	Class B Common	51,990		51,990	D
Non-Qualified Stock Option (right to buy)	$30.37							05/01/2002	04/30/2009	Class B Common	55,877		55,877	D
Non-Qualified Stock Option (right to buy)	$24.6							05/01/2003	04/30/2010	Class B Common	81,061		81,061	D
Non_Qualified Stock Option (right to buy)	$33.34							05/01/2004	04/30/2011	Class B Common	64,089		64,089	D
Non-Qualified Stock Option (right to buy)	$31.33							05/01/2005	04/30/2012	Class B Common	81,254		81,254	D
Non-Qualified Stock Option (right to buy)	$38.27							05/01/2006	04/30/2013	Class B Common	81,190		81,190	D
Non-Qualified Stock Option (right to buy)	$45.44							05/01/2007	04/30/2014	Class B Common	64,966		64,966	D

Explanation of Responses:

Remarks:

Filing of this form should not be construed as an admission that the filing person is, for purposes of Section 16 of the Securities Exchange Act of 1934, the "beneficial owner" of any equity securities held in a limited partnership or in trust and reported on this form.

	Nelea A. Absher, Attn In Fact for: Owsley Brown II	06/18/2007
	** 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 Number.