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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE TO
AMENDMENT NO. 1
Tender Offer Statement under Section 14(d)(1) or 13(e)(1) of the Securities Exchange Act of 1934

BROWN-FORMAN CORPORATION
(Name of Subject Company (Issuer) and Filing Person (Offeror))

CLASS A COMMON STOCK, PAR VALUE $.15 PER SHARE
CLASS B COMMON STOCK, PAR VALUE $.15 PER SHARE
(Title of Classes of Securities)

CLASS A COMMON STOCK, 115637 10 0
CLASS B COMMON STOCK, 115637 20 9
(CUSIP Number of Classes of Securities)

     
Michael B. Crutcher   With a copy to:
Senior Vice President    
General Counsel and Secretary   Ernest W. Williams
BROWN-FORMAN CORPORATION   OGDEN NEWELL & WELCH PLLC
850 Dixie Highway   1700 PNC Plaza
Louisville, Kentucky 40210   500 West Jefferson Street
(502) 585-1100   Louisville, Kentucky 40202-2874
(Name, Address and Telephone Number   (502) 582-1601
of Person Authorized to Receive Notices    
and Communications on Behalf of Filing Person)    

February 4, 2003
(Date Tender Offer First Published, Sent or Given to Security Holders)

 
Calculation of Filing Fee
         
Transaction valuation*   Amount of filing fee
 
$605,900,000     $55,742.80  

*   For the purpose of calculating the filing fee only, this amount is based on the purchase of 1,500,000 shares of Class A Common Stock and 6,800,000 shares of Class B Common Stock at the maximum tender offer price of $73.00 per share.

x Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.

     
Amount Previously Paid: $55,742.80   Form or Registration No.: Schedule TO
Filing Party: Brown-Forman Corporation   Date Filed: February 4, 2003

o Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.

Check the appropriate boxes below to designate any transactions to which the statement relates:

     
o   third-party tender offer subject to Rule 14d-1.
x   issuer tender offer subject to Rule 13e-4.
o   going-private transaction subject to Rule 13e-3.
o   amendment to Schedule 13D under Rule 13d-2.

Check the following box if the filing is a final amendment reporting the results of the tender offer: o

 

 

     This Amendment No. 1 amends and supplements the Issuer Tender Offer Statement on Schedule TO filed on February 4, 2003 by Brown-Forman Corporation, a Delaware corporation (the “Company”), in connection with its offer to purchase up to 1,500,000 shares of its Class A Common Stock, par value $.15 per share (“Class A Shares”), and up to 6,800,000 shares of its Class B Common Stock, par value $.15 per share (“Class B Shares,” and together with the Class A Shares, the “Shares”), in each case, at a price per share between $63.00 and $73.00, net to the seller in cash, without interest. The tender offer is being made upon and subject to the terms and conditions set forth in the Offer to Purchase dated February 4, 2003 (the “Offer to Purchase”), and the related Letters of Transmittal (the “Letters of Transmittal”), which together as each may be amended or supplemented from time to time constitute the “Offer.”

     This Amendment No. 1 to Schedule TO is intended to satisfy the reporting requirements of Rule 13e-4 under the Securities Exchange Act of 1934, as amended. The information contained in the Offer to Purchase and the Letters of Transmittal, copies of which were previously filed with Schedule TO as Exhibits (a)(1)(i) and (a)(1)(ii), respectively, is incorporated herein by reference in response to all of the items of this Amendment No. 1 to Schedule TO as more particularly described below. Capitalized terms used herein and not otherwise defined have the meaning ascribed to such terms in the Offer to Purchase.

     Except as provided herein, this amendment does not alter the terms and conditions previously set forth in the Offer to Purchase and the Letters of Transmittal.

ITEM 8. INTEREST IN SECURITIES OF THE SUBJECT COMPANY.

     (b)  The following sets forth transactions in the Company’s Class A Shares and Class B Shares during the 60-day period preceding February 4, 2003, the date on which the Company’s Schedule TO was filed, by the Company, its directors, executive officers, control persons, any associate or majority owned subsidiary of the Company, or any executive officer or director of any subsidiary of the Company, as determined after reasonable investigation:

Gifts

Ina B. Bond made the following gifts: 340 Class B Shares on December 13, 2002, 150 Class B Shares on December 16, 2002 and 330 Class B Shares on December 26, 2002.

Owsley Brown II made a gift of 2,465 Class A Shares on December 26, 2002.

W.L. Lyons Brown, Jr., made the following gifts: 3,575 Class A Shares on December 16, 2002 and 1,020 Class B Shares on January 9, 2003.

Michael Cheek made the following gifts: 575 Class A Shares on December 16, 2002 and 125 Class A Shares on December 17, 2002.

Owsley Brown Frazier made the following gifts: 1,232 Class B Shares on December 10, 2002 and 1,240 Class B Shares on December 11, 2002.

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Lois Mateus made a gift of 155 Class A Shares on December 11, 2002.

Open Market Transactions

Sean J. Hayes purchased 300 Class B shares on December 11, 2002 at a price of $63.70.

Employee Stock Purchase Plan

The following persons made contributions from payroll withholding to the Employee Stock Purchase Plan:

Class A Shares

             
Name   Date   Number of Shares Acquired
 
 
Barrazotto, Mary   January 23, 2003     1.491  
    January 2, 2003     1.007  
    December 23, 2002     1.472  
             
Baker, Phyllis   January 23, 2003     0.596  
    January 2, 2003     0.852  
    December 23, 2002     0.589  
             
Blayney, Mark   January 2, 2003     0.153  
             
Cheek, Michael   January 23, 2003     14.909  
    January 2, 2003     2.495  
    December 23, 2002     14.717  
             
Dine, Gordon   January 23, 2003     8.945  
    January 2, 2003     4.308  
    December 23, 2002     8.830  
             
Dufek, Marjorie   January 2, 2003     0.486  
             
Fantin, Louis   January 2, 2003     0.77  
             
Grimes, Donald   January 23, 2003     4.473  
    January 2, 2003     1.016  
    December 23, 2002     4.415  
             
Pape, Paul   January 23, 2003     5.964  
    January 2, 2003     2.839  
    December 23, 2002     5.887  

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Class B Shares

             
Name   Date   Number of Shares Acquired
 
 
Absher, Nelea   January 23, 2003     0.775  
    January 2, 2003     0.758  
    December 23, 2002     0.763  
             
Beam, Thomas   January 23, 2003     0.620  
    January 2, 2003     6.347  
    December 23, 2002     0.610  
             
Brown, Campbell   January 23, 2003     9.298  
    January 2, 2003     2.298  
    December 23, 2002     9.151  
             
Dufek, Marjorie   January 23, 2003     1.550  
    January 2, 2003     0.482  
    December 23, 2002     1.525  
             
Fantin, Louis   January 23, 2003     3.099  
    January 2, 2003     0.55  
    December 23, 2002     3.05  
             
Gousha, Herbert   January 23, 2003     3.099  
    January 2, 2003     0.425  
    December 23, 2002     3.050  
             
Heyde, Kevin   January 23, 2003     3.099  
    January 2, 2003     1.110  
    December 23, 2002     3.050  
             
Maclean, Richard   January 2, 2003     0.144  
    December 23, 2002     0.763  
             
Molyneaux, Gerry   January 2, 2003     0.862  
             
Morreau, Jane   January 23, 2003     4.959  
    January 2, 2003     0.077  
    December 23, 2002     4.880  
             
Reidinger, Leo   January 23, 2003     9.298  
    January 2, 2003     3.668  
    December 23, 2002     9.151  
             
Wheatley, Carolyn   January 23, 2003     15.497  
    January 2, 2003     1.110  
    December 23, 2002     15.251  

Dividend Reinvestment Plan

The following persons participated in the Company’s Dividend Reinvestment Plan (the “DRIP”), and the dividend of $.35 per share, paid January 1, 2003, was reinvested in the DRIP as of January 2, 2003:

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Class A Shares

         
Name Number of Shares Acquired
Absher, Nelea
     0.052  
Baker, Phyllis
     2.036  
Barrazotto, Mary
     0.601  
Beck, Stuart
     3.607  
Cheek, Michael
     2.488  
Dearie, David
     0.018  
Dorfman, Steven
     0.055  
Ferguson, Harold
     0.004  
Gooder, David
     0.588  
Griffin, Gus
     0.198  
Heyde, Kevin
     0.118  
Pape, Paul
     3.870  
Reidinger, Leo
     0.123  
Steiner, Lisa
     4.712  

Class B Shares

         
Name Number of Shares Acquired
Reidinger, Leo
     2.264  
Steiner, Lisa
     1.304  

Brown-Forman Stock Fund of Various 401(k) Plans

The following persons made contributions to the Brown-Forman Stock Fund (which holds only Class B Shares) as either dividend reinvestment or contributions from payroll withholding:

Dividend Reinvestment

                 
Name   Date Number of Shares Acquired
Baker, Phyllis
   January 2, 2003     81.48  
Beam, Thomas
   January 2, 2003     478.41  
Blayney, Mark
   January 2, 2003     188.01  
Blodgett, William Jr.
   January 2, 2003     310.19  
Cheek, Michael
   January 2, 2003     1,386.46  
Cresta, Ronald
   January 2, 2003     5.33  
Doninger, Eric
   January 2, 2003     32.40  
Dorfman, Steven
   January 2, 2003     38.58  
Dufek, Majorie
   January 2, 2003     0.08  
Fantin, Louis
   January 2, 2003     34.50  
Gillis, Milton
   January 2, 2003     512.52  
Gooder, David
   January 2, 2003     54.05  
Gousha, Herbert
   January 2, 2003     184.60  
Griffin, Augustus
   January 2, 2003     508.31  
Grimes, Donald
   January 2, 2003     48.37  
Hemker, Randy
   January 2, 2003     34.53  

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Name   Date Number of Shares Acquired
Mansinne, Andrew
   January 2, 2003     196.35  
Murphy, James
   January 2, 2003     1.24  
Pape, Paul III
   January 2, 2003     508.63  
Roof, William
   January 2, 2003     37.18  
Ross, Charles
   January 2, 2003     367.04  
Shannon, Roger
   January 2, 2003     43.55  
Smith, J. Andrew
   January 2, 2003     82.16  
Szymanski, Matthew
   January 2, 2003     37.96  

Payroll Withholding

                 
Name   Date Number of Shares Acquired
Doninger, Eric
   January 16, 2003     146.47  
Dorfman, Steven
   January 16, 2003     67.07  
Hemker, Randy
   January 16, 2003     88.97  
Mansinne, Andrew
   January 16, 2003     493.04  
Shannon, Roger
   January 10, 2003     24.31  
Shannon, Roger
   January 16, 2003     138.99  
Shannon, Roger
   December 10, 2002     100.63  
Smith, J. Andrew
   January 10, 2003     137.50  
Smith, J. Andrew
   January 16, 2003     185.47  
Smith, J. Andrew
   December 10, 2002     206.25  
Szymanski, Matthew
   January 16, 2003     189.88  
Szymanski, Matthew
   December 10, 2002     74.95  

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SIGNATURE

     After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

         
    BROWN-FORMAN CORPORATION
 
       
 
    By:   /s/ Lawrence K. Probus
Name: Lawrence K. Probus
Title: Senior Vice President

Date: February 7, 2003

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EXHIBIT INDEX

             
Exhibit            
Number   Description        
 
       
(a)(1)(i)   Offer to Purchase dated February 4, 2003.*
     
(a)(1)(ii)   (a) Letter of Transmittal, Class A Common Stock*
    (b) Letter of Transmittal, Class B Common Stock*
     
(a)(2)   Not Applicable.
     
(a)(3)   Not Applicable.
     
(a)(4)   Not Applicable.
     
(a)(5)   (a) Notice of Guaranteed Delivery, Class A Common Stock*
    (b) Notice of Guaranteed Delivery, Class B Common Stock*
    (c) Letter from Dealer Manager to Brokers*
    (d) Letter from Brokers to Clients*
    (e) Letter from Owsley Brown II to Shareholders*
    (f) Press Release*
    (g) Advertisement*
     
(b)   Under negotiation; will file by amendment promptly after execution.
     
(d)   Not Applicable.
     
(g)   Not Applicable.
     
(h)   Not Applicable.

*   Previously filed.

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