Kraus Larry exercised 13,829 shares at a strike of $44.95 and sold $1,229,453 worth of shares (13,829 units at $88.90) (SEC Form 4)
$OLLI
Department/Specialty Retail Stores
Consumer Discretionary
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
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Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | ||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Ollie's Bargain Outlet Holdings, Inc. [ OLLI ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 06/05/2024 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock, par value $0.01 per share | 06/05/2024 | M(1) | 2,559 | A | $43.21 | 4,464 | D | |||
| Common Stock, par value $0.01 per share | 06/05/2024 | S(1) | 2,559 | D | $90(2) | 1,905 | D | |||
| Common Stock, par value $0.01 per share | 06/05/2024 | M(1) | 428 | A | $31.15 | 2,333 | D | |||
| Common Stock, par value $0.01 per share | 06/05/2024 | S(1) | 428 | D | $85(2) | 1,905 | D | |||
| Common Stock, par value $0.01 per share | 06/05/2024 | M(1) | 2,752 | A | $58.9 | 4,657 | D | |||
| Common Stock, par value $0.01 per share | 06/05/2024 | S(1) | 2,752 | D | $85.27(3) | 1,905 | D | |||
| Common Stock, par value $0.01 per share | 06/05/2024 | M(1) | 8,090 | A | $41.49 | 9,995 | D | |||
| Common Stock, par value $0.01 per share | 06/05/2024 | S(1) | 8,090 | D | $90(4) | 1,905 | D | |||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Employee Stock Option (right to buy) | $43.21 | 06/05/2024 | M(1) | 2,559 | (5) | 03/25/2032 | Common Stock | 2,559 | $0 | 7,677 | D | ||||
| Employee Stock Option (right to buy) | $31.15 | 06/05/2024 | M(1) | 428 | (6) | 02/06/2027 | Common Stock | 428 | $0 | 0 | D | ||||
| Employee Stock Option (right to buy) | $58.9 | 06/05/2024 | M(1) | 2,752 | (7) | 03/28/2028 | Common Stock | 2,752 | $0 | 0 | D | ||||
| Employee Stock Option (right to buy) | $41.49 | 06/05/2024 | M(1) | 8,090 | (8) | 03/24/2030 | Common Stock | 8,090 | $0 | 2,696 | D | ||||
| Explanation of Responses: |
| 1. Transactions made pursuant to an agreement adopted on September 8, 2023, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. |
| 2. The price reported in column 4 is the price at which these shares were sold in a single transaction. |
| 3. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $85.00-85.81, inclusive. The reporting person undertakes to provide to the Issuer, any securityholder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. |
| 4. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $90.00-90.05, inclusive. The reporting person undertakes to provide to the Issuer, any securityholder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. |
| 5. Options vest and become exercisable in 25% installments on each anniversary date of the grant, March 25, 2022, subject to continued service through each applicable vesting date. The reporting person was granted 10,236 options, of which 2,559 vested on March 25, 2023? 2,559 vested on March 25, 2024? 2,559 vest on March 25, 2025 ; and 2,559 vest on March 25, 2026. |
| 6. Options vest and become exercisable in 25% installments on each anniversary date of the grant, February 6, 2017, subject to continued service through each applicable vesting date. The options vested in their entirety on February 6, 2021. |
| 7. Options vest and become exercisable in 25% installments on each anniversary date of the grant, March 28, 2018, subject to continued service through each applicable vesting date. The options vested in their entirety on March 28, 2022. |
| 8. Options vest and become exercisable in 25% installments on each anniversary date of the grant, March 24, 2020, subject to continued service through each applicable vesting date. The options vested in their entirety on March 24, 2024. |
| Remarks: |
| /s/ James J. Comitale as Attorney-In-Fact | 06/07/2024 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||