Jay Stasz - 05 Jan 2022 Form 4 Insider Report for Ollie's Bargain Outlet Holdings, Inc. (OLLI)

Role
SVP, CFO
Signature
By: /s/ James J. Comitale as Attorney-In-Fact
Issuer symbol
OLLI
Transactions as of
05 Jan 2022
Net transactions value
-$7,827
Form type
4
Filing time
07 Jan 2022, 15:01:07 UTC
Next filing
24 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 +467 +2.4% $0.000000 19,641 05 Jan 2022 Direct F1, F2
transaction OLLI Common Stock, par value $0.001 per share Tax liability $7,827 -158 -0.8% $49.54 19,483 05 Jan 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 -467 -100% $0.000000* 0 05 Jan 2022 Common Stock 467 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 canceled 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 January 5, 2022.
F5 Each restricted stock award is the economic equivalent of one share of Ollie's Bargain Outlet Holdings, Inc. common stock.
F6 The reporting person was granted 467 restricted stock units on January 5, 2018, of which 467 of the restricted stock units vested on January 5, 2022. The common stock into which such vested restricted stock units converted on January 5, 2022 is reported in Table I on this Form 4.

Remarks:

See Exhibit 24.1 - Power of Attorney