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

Aug 4, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SMITH & WESSON HOLDING CORP (SWHC)
CIK: 0001092796
Period of Report: 2010-08-02

Reporting Person: Spengler William (Executive Vice President & CFO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-08-02	Employee Stock Option (Right to Buy)	$3.92	A	34900	Acquired	2020-08-02	Common Stock (34900)	Direct
2010-08-02	Performance Rights	$	A	43200	Acquired	2013-08-02	Common Stock (43200)	Direct

Footnotes

F1: One-third of the total number of options granted shall vest and become exercisable on each of the first, second, and third anniversary of the date of grant.

F2: Each performance right represents a contingent right to receive one share of the Issuer's common stock. The performance rights vest based on achievement of certain target performance of the Issuer's stock price over a three year performance period. The number represents the maximum number of shares that may be delivered pursuant to the award.