John W. Swygert - 10 Dec 2021 Form 4 Insider Report for Ollie's Bargain Outlet Holdings, Inc. (OLLI)

Role
President, CEO, Director
Signature
/s/ James J. Comitale as Attorney-In-Fact
Issuer symbol
OLLI
Transactions as of
10 Dec 2021
Net transactions value
+$90,078
Form type
4
Filing time
14 Dec 2021, 18:11:56 UTC
Previous filing
04 Aug 2021
Next filing
07 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OLLI Common Stock Options Exercise $0 +4,146 +16% $0.000000 29,302 10 Dec 2021 Direct F1, F2
transaction OLLI Common Stock Tax liability $90,078 +1,803 +7% $49.96 27,499 10 Dec 2021 Direct F3, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction OLLI Restricted Stock Units Options Exercise $0 -4,146 -33% $0.000000 8,292 10 Dec 2021 Common Stock 4,146 Direct F1, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the conversion upon vesting restricted stock awards into common stock.
F2 Restricted Stock Units ("RSUs") convert into Common Stock on a one-for-one basis.
F3 Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the reporting person and cancelled by the issuer in exchange for the issuer's agreement to pay federal and state tax withholding obligations of the reporting person resulting from the vesting of restricted stock units.
F4 The price reported in column 4 is equivalent to the fair market value based on the closing market price as of December 10, 2021.
F5 Each restricted stock award is the economic equivalent of one share of Ollie's Bargain Outlet Holdings, Inc. common stock.
F6 The restricted stock units vest and become exercisable in 25% installments (4,146) on each anniversary date of the grant, December 10, 2019, subject to continued service through each applicable vesting date.

Remarks:

See Exhibit 24.1 - Power of Attorney.