Susan Jean Cupero - Aug 24, 2020 Form 4 Insider Report for SMITH & WESSON BRANDS, INC. (SWBI)

Signature
/s/ Deana L. McPherson, as attorney-in-fact
Stock symbol
SWBI
Transactions as of
Aug 24, 2020
Transactions value $
$0
Form type
4
Date filed
7/22/2022, 05:55 PM
Previous filing
Jul 22, 2022
Next filing
Jun 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SWBI Common Stock Other $0 +2.15K +5.98% $0.00 38.2K Aug 24, 2020 Direct F1, F2
holding SWBI Common Stock 1.35K Aug 24, 2020 By Son F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In connection with the issuer's spin-off of its outdoor products and accessories business (the "Spin-Off"), the issuer granted to the reporting person additional restricted stock units so that the reporting person's currently outstanding restricted stock unit grants continue to have the same intrinsic value immediately following the consummation of the Spin-Off as the intrinsic value of such grants immediately prior to the consummation of the Spin-Off (each, and "Adjusted Award").
F2 Pursuant to an employee matters agreement entered into by the issuer in connection with the Spin-Off, each Adjusted Award shall be subject to the same vesting requirements and dates and other terms and conditions as the original grants to which they relate. Includes (i) 125 shares underlying an Adjusted Award that will vest and be delivered in accordance with the terms of the original June 15, 2017 grant, (ii) 255 shares underlying an Adjusted Award that will vest and be delivered in accordance with the terms of the original June 15, 2018 grant, (iii) 384 shares underlying an Adjusted Award that will vest and be delivered in accordance with the terms of the original June 15, 2019 grant, and (iv) 1,388 shares underlying an Adjusted Award that will vest and be delivered in accordance with the terms of the original March 15, 2020 grant.
F3 The shares are held by the reporting person's son.

Remarks:

The reporting person is Vice President, Sales.