Item 5. Market for the Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities

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Item 5. Market for the Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities

Our Class A and Class B common stock is traded on the New York Stock Exchange under the symbols “BFA” and “BFB,” respectively. As of May 31, 2017, there were 2,673 holders of record of Class A common stock and 4,880 holders of record of Class B common stock. Because of overlapping ownership between classes, as of May 31, 2017, we had only 5,529 distinct common stockholders of record.

The following table presents, for the periods indicated, the high and low sales prices per share for our Class A and Class B common stock, as reported on the New York Stock Exchange composite index, and dividend per share information:

Fiscal 2016Fiscal 2017
First QuarterSecond QuarterThird QuarterFourth QuarterYearFirst QuarterSecond QuarterThird QuarterFourth QuarterYear
Market price per share:
Class A high$59.75$61.15$58.77$56.12$61.15$54.28$54.45$49.32$50.05$54.45
Class A low46.5552.9449.7550.2046.5550.7847.0045.6246.3645.62
Class B high54.2155.4153.4451.7055.4150.4051.0647.0448.9551.06
Class B low45.3347.6145.3046.6345.3046.9544.6643.9645.0143.96
Cash dividends per share:
Declared0.3150—0.3400—0.65500.3400—0.3650—0.7050
Paid0.15750.15750.17000.17000.65500.17000.17000.18250.18250.7050

Note: Amounts have been adjusted for a 2-for-1 stock split that occurred in August 2016.

Equity Compensation Plan Information

The following table summarizes information as of April 30, 2017, about our equity compensation plans under which we have made grants of stock options, stock appreciation rights, restricted stock, market value units, performance units, or other equity awards.

Plan CategoryNumber of Securities to Be Issued Upon Exercise of Outstanding Options, Warrants and Rights1Weighted-Average Exercise Price of Outstanding Options, Warrants and Rights2Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans
Equity compensation plans approved by Class A common stockholders2,393,482$32.1712,710,672

1Includes 2,186,226 Class B common shares to be issued upon exercise of stock-settled stock appreciation rights (SSARs); 79,080 Class B common restricted stock units (RSUs); 86,549 Class A common deferred stock units (DSUs); and 41,627 Class B common DSUs issued under the Brown-Forman 2004 or 2013 Omnibus Compensation Plans. Does not include issued shares of performance-based restricted stock. SSARs are exercisable for an amount of our common stock with a value equal to the increase in the fair market value of the common stock from the date the SSARs were granted. The fair market value of our common stock at fiscal year-end has been used for the purposes of reporting the number of shares to be issued upon exercise of the 6,615,257 SSARs outstanding at fiscal year-end.

2RSUs and DSUs have no exercise price because their value depends on continued employment or service over time, and are to be settled for shares of Class B common stock. Accordingly, these have been disregarded for purposes of computing the weighted-average exercise price.

Stock Performance Graph

The graph below compares the cumulative total shareholder return of our Class B common stock for the last five years with the Standard & Poor’s 500 Stock Index, the Dow Jones U.S. Consumer Goods Index, and the Dow Jones U.S. Food & Beverage Index. The information presented assumes an initial investment of $100 on April 30, 2012, and that all dividends were reinvested. The cumulative returns shown represent the value that these investments would have had on April 30 in the years since 2012.

bfb-2017430_chartx52756.jpg

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