SEC Form 4 · accession 0001209191-17-042854
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
Jun 30, 2017
Accepted (ET)
Jul 3, 2017 · 4:45 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,F2 | Jun 30, 2017 | M | 26,416 | — | A | 136,286 | D | |
| Common StockF3,F2 | Jun 30, 2017 | F | 12,428 | $22.16 | D | 123,858 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance RightsF1 | — | Jun 30, 2017 | M | 26,416 | D | — | Apr 29, 2017 | Common Stock | 26,416 | 0 | D |
Explanation of responses
- F1Each 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 of shares delivered is less than the maximum number of shares that may be delivered pursuant to the award.
- F2Includes 581 shares acquired under the Issuer's Employee Stock Purchase Plan on September 30, 2016 and 798 shares acquired under the Issuer's Employee Stock Purchase Plan on March 31, 2017.
- F3Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations associated with the settlement of performance rights.
Remarks
The reporting person is the Executive Vice President, Chief Financial Officer, Chief Administrative Officer, and Treasurer.