Pappy Van Winkle Special Reserve 12 Year Old Lot B is a wheated bourbon that's aged for 12 years. It has a 90.4 proof (45.2% ABV) and a complex flavor profile with fruity notes and aromatic oak. It also has light aromas of dried mango, cocoa, fruit, and spiced peach, and flavors of honey, oak, and tobacco.
The designation "Lot B" comes from the fact that the barrels ran out, and people became used to the 12 year old release being called Lot B. The name is now pretty much meaningless, except from an historical perspective.
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