SEC Form 4 · accession 0001209191-17-028787
SMITH & WESSON BRANDS, INC. · SWBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey D Buchanan
Officer — See Remarks
Period of report
Apr 27, 2017
Accepted (ET)
Apr 28, 2017 · 6:19 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001092796
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Apr 27, 2017 | A | 22,900 | $0.00 | A | 112,913 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance RightsF2 | — | Apr 27, 2017 | A | 50,200 | A | — | May 1, 2021 | Common Stock | 50,200 | 50,200 | D |
Explanation of responses
- F1One-quarter of the restricted stock units shall vest on each of the first, second, third, and fourth anniversaries of May 1, 2017. Shares, net of tax withholding, will be delivered on each anniversary of the applicable vesting date.
- F2Each performance right represents a contingent right to receive one share of the Issuer's common stock. The performance rights vest based on stock performance over a three-year performance period, and shares, net of tax withholding, will be delivered on the first anniversary of the vesting date. The number represents the maximum number of shares that may be delivered pursuant to the award, which is two times the target number of shares.
Remarks
The reporting person is the Executive Vice President, Chief Financial Officer, Chief Administrative Officer, and Treasurer.