SEC Form 4 · accession 0001140361-16-077760
Ollie's Bargain Outlet Holdings, Inc. · OLLI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John W Swygert
Officer — EVP, CFO
Period of report
Aug 23, 2016
Accepted (ET)
Aug 24, 2016 · 5:34 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001639300
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.001 per share | Aug 23, 2016 | M | 15,000 | $6.48 | A | 40,000 | D | |
| Common Stock, par value $0.001 per shareF2 | Aug 23, 2016 | S | 15,000 | $28.03 | D | 25,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee stock Option (right to buy)F3 | $6.48 | Aug 23, 2016 | M | 15,000 | D | — | Mar 11, 2024 | Common Stock | 15,000 | 87,000 | D |
Explanation of responses
- F1Transactions made pursuant to an agreement adopted on April 14, 2016 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.07 to $28.00, inclusive. The reporting person undertakes to provide to Ollie's Bargain Outlet Holdings, Inc., any security holder of Ollie's Bargain Outlet Holdings, Inc., 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 ranges set forth in footnote (2) to this Form 4.
- F3Options vest and become exercisable in equal 20% installments (23,000) on each anniversary date of the grant, March 11, 2014, subject to continued service through each applicable vesting date.