SMITH & WESSON BRANDS, INC. — Director's Dealing 2015

May 5, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SMITH & WESSON HOLDING CORP (SWHC)
CIK: 0001092796
Period of Report: 2015-05-01

Reporting Person: Golden Michael F (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-05-01	Common Stock	M	100000	$4.46	Acquired	395805	Direct
2015-05-01	Common Stock	S	100000	$14.8229	Disposed	295805	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-05-01	Employee Stock Option (Right to Buy)	$4.46	M	100000	Disposed	2015-07-19	Common Stock (100000)	Direct

Footnotes

F1: The shares were sold pursuant to a 10b5-1 Sales Plan dated March 28, 2014.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.65 to $14.91, inclusive. The reporting person undertakes to provide to Smith & Wesson Holding Corporation (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F3: One-third of the total number of options granted vested and became exercisable on each of the first, second, and third anniversary of the July 19, 2005 date of grant.