J M SMUCKER Co — Director's Dealing 2004

Jun 21, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SMUCKER J M CO (SJM)
CIK: 0000091419
Period of Report: 2004-06-18

Reporting Person: SMUCKER RICHARD K (Director, President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-06-18	Common Shares	A	1593	—	Acquired	420180	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-06-18	Option Common Shares	$33.76	A	770	Acquired	2010-07-03	Common Shares (770)	Direct
2004-06-18	Option Common Shares	$40.62	A	770	Acquired	2011-07-01	Common Shares (770)	Direct
2004-06-18	Option Common Shares	$45.03	A	770	Acquired	2009-07-01	Common Shares (770)	Direct
2004-06-18	Option Common Shares	$49.6	A	770	Acquired	2007-07-01	Common Shares (770)	Direct
2004-06-18	Option Common Shares	$52.2	A	1283	Acquired	2012-07-01	Common Shares (1283)	Direct
2004-06-18	Option Common Shares	$54.11	A	770	Acquired	2008-07-01	Common Shares (770)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	7868.5645	Indirect
Common Shares	57831	Indirect
Common Shares	32586	Indirect
Common Shares	477796	Indirect
Common Shares	477798	Indirect
Common Shares	477798	Indirect

Footnotes

F1: Acquired in exchange for 3,884 shares of International Multifoods Corporation ("Multifoods") common stock, pursuant to the terms of the merger (the "Merger") of Multifoods with and into The J. M. Smucker Company ("Smucker"). Upon the effective date of June 18, 2004, Multifoods common stock was exchanged for $5.00 per share in cash, and 0.4103 shares of Smucker common shares for each share held of Multifoods common stock. Smucker common shares had a market value of $46.50 per share as of the effective date.

F2: I disclaim beneficial ownership of these shares.

F3: On the effective date and pursuant to the terms of the Merger, this Multifoods stock option award, to which Mr. Smucker was entitled, became vested in full to the extent not previously vested and was assumed by Smucker. As a result of the Merger, this stock option, which was previously exercisable for shares of Multifoods common stock, was replaced with an option to purchase shares of Smucker common shares. The new option is exercisable for that number of whole Smucker common shares equal to the product of the number of shares of Multifoods common stock that were issuable upon exercise of the Multifoods option immediately prior to the effective date of the Merger, multiplied by 0.5129. The exercise price per share of the Smucker option is equal to the exercise price per share of the Multifoods option divided by 0.5129.