SMITH & WESSON BRANDS, INC. — Director's Dealing 2010

Jun 9, 2010

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: SMITH & WESSON HOLDING CORP (SWHC)
CIK: 0001092796
Period of Report: 2010-04-29

Reporting Person: Gelfand Matthew A. (See Remarks Below)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	832952	Direct
Common Stock	500000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (Right to Buy)	$4.19	2019-12-07	Common Stock (100000)		Direct

Footnotes

F1: The shares are held by the Laura Forrester Gelfand 2009 Grantor Retained Annuity Trust (the "Trust"). The reporting person is a trustee of the Trust and has voting and dispositive power over the shares held by the Trust.

F2: One-third of the 100,000 options granted shall vest and become exercisable on each of the first, second, and third anniversary of the December 7, 2009 date of grant.