MCCORMICK & CO INC — Director's Dealing 2020

Dec 2, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MCCORMICK & CO INC (MKC)
CIK: 0000063754
Period of Report: 2020-11-30

Reporting Person: Manzone Lisa (Sr. VP Global Human Relations)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-30	Options - Right To Buy	$93.49	A	101118	Acquired		Common Stock Voting (101118)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock Voting	30672	Direct
Common Stock - Non Voting	1736	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Stock	$		Common Stock - Voting (0)	5838.2698	Indirect

Footnotes

F1: Each share of Phantom Stock represents the right to receive one share of Common Stock - Voting. Shares of Phantom Stock are payable in shares of Commn Stock - Voting in accordance with the terms of the Non-Qualified Retirement Savings Plan.

F2: Amounts reported herein reflect the Issuer's 2 for 1 stock split of its common stock and common stock non-voting, effective November 30, 2020.

F3: The option grant vests after the third anniversary date and is only exercisable if certain stock price performance requirements are met. The performance requirements are an increase in the common stock non-voting price of 60% for 1/3 of the options, an increase in the common stock non-voting price of 80% for 1/3 of the options, and an increase in the common stock non-voting price of 100% for 1/3 of the options, in each case within five years of the grant date. Both the vesting date and perfomance requirements must be met for the portion of the grant to become exercisable.