SMITH & WESSON BRANDS, INC. — Director's Dealing 2020

Nov 3, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SMITH & WESSON BRANDS, INC. (SWBI)
CIK: 0001092796
Period of Report: 2020-11-02

Reporting Person: Golden Michael F (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-02	Common Stock	M	10000	$2.15	Acquired	284001	Direct
2020-11-02	Common Stock	S	7756	$17.0755	Disposed	276245	Direct
2020-11-02	Common Stock	S	2244	$17.7058	Disposed	274001	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-02	Director Stock Option (Right to Buy)	$2.15	M	10000	Disposed	2021-09-26	Common Stock (10000)	Direct

Footnotes

F1: In connection with the August 24, 2020 distribution of all of the shares of American Outdoor Brands, Inc. common stock owned by Smith & Wesson Brands, Inc. (the "Company") to the stockholders of the Company (the "Distribution"), the exercise price of the options was adjusted from $2.65 to $2.15 to maintain, immediately following the consummation of the Distribution, the intrinsic value of the award immediately prior to the consummation of the Distribution.

F2: The shares were sold pursuant to a 10b5-1 Trading Plan dated September 11, 2020.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.56 to $17.55, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.65 to $17.76, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

F5: 1/12 of the total number of options granted vested and became exercisable each month following the date of grant.