SCOTTS MIRACLE-GRO CO — Director's Dealing 2020

Sep 25, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SCOTTS MIRACLE-GRO CO (SMG)
CIK: 0000825542
Period of Report: 2020-09-24

Reporting Person: Lukemire Michael C (President and COO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-09-24	Stock Option (right to buy)	$68.68	D	46976	Disposed	2026-01-29	Common Shares (46976.0)	Direct
2020-09-24	Stock Option (right to buy)	$64.55	A	49983	Acquired	2026-01-29	Common Shares (49983.0)	Direct

Footnotes

F1: Reflects adjustment approved by the Board on 9/24/20 to previous stock option awards in connection with the special dividend of $5.00 per Common Share paid on 9/10/20 to shareholders of record on 8/27/20. The exercise price of the options outstanding as of 9/24/20 was adjusted to maintain the same ratio of exercise price to fair market value of the underlying common shares immediately before and immediately after the adjustment. Fair market value was established by comparing the volume weighted average share price measured on 8/25/20, the day before the ex-dividend date ($174.3835), with that measured on 8/26/20, the ex-dividend date ($163.8925, which was adjusted to exclude the impact of the ordinary dividend with the same record date). The number of stock options subject to each award was increased to ensure the total intrinsic value of the award was the same immediately before and immediately after the adjustment.