Kevin McLain - 22 Mar 2022 Form 4 Insider Report for Ollie's Bargain Outlet Holdings, Inc. (OLLI)

Role
SVP, Merchandising
Signature
By: /s/ James J. Comitale as Attorney-In-Fact
Issuer symbol
OLLI
Transactions as of
22 Mar 2022
Net transactions value
-$9,361
Form type
4
Filing time
24 Mar 2022, 16:32:36 UTC
Previous filing
16 Jul 2021
Next filing
25 Mar 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, par value $0.001 per share Options Exercise $0 +632 +145% $0.000000 1,069 22 Mar 2022 Direct F1, F2
transaction OLLI Common Stock, par value $0.001 per share Tax liability $9,361 -218 -20% $42.94 851 22 Mar 2022 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 +632 +50% $0.000000 1,896 22 Mar 2022 Common Stock 632 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 March 22, 2022.
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 on each anniversary date of the grant, March 22, 2021, subject to continued service through each applicable vesting date. The reporting person was granted 2,528 restricted stock units, of which 632 of the restricted stock units vested on March 22, 2022; 632 of the restricted stock units vest on March 22, 2023; 632 of the restricted stock units vest on March 22, 2024 and 632 of the restricted stock units vest on March 22, 2025.

Remarks:

See Exhibit 24.1 - Power of Attorney