SEC Form 4 · accession 0001140361-16-091210
Ollie's Bargain Outlet Holdings, Inc. · OLLI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Howard Freedman
Officer — VP, Merchandising
Period of report
Dec 28, 2016
Accepted (ET)
Dec 30, 2016 · 4:07 pm EST
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 | Dec 28, 2016 | M | 12,500 | $6.48 | A | 42,680 | D | |
| Common Stock, par value $0.001 per shareF2 | Dec 28, 2016 | S | 12,500 | $29.53 | D | 30,180 | D | |
| Common Stock, par value $0.001 per share | Dec 29, 2016 | M | 6,700 | $6.48 | A | 36,880 | D | |
| Common Stock, par value $0.001 per shareF3 | Dec 29, 2016 | S | 6,700 | $29.01 | D | 30,180 | 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)F4 | $6.48 | Dec 28, 2016 | M | 12,500 | D | — | Sep 28, 2022 | Common Stock | 12,500 | 176,000 | D |
| Employee stock Option (right to buy)F4 | $6.48 | Dec 29, 2016 | M | 6,700 | D | — | Sep 28, 2022 | Common Stock | 6,700 | 169,300 | D |
Explanation of responses
- F1Transactions made pursuant to an agreement adopted on April 14, 2016 as amended July 8, 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 $29.10 to $30.20 per share, 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.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.80 to $29.50 per share, 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 (3) to this Form 4.
- F4Options vest and become exercisable in equal 20% installments (46,000) on each anniversary date of the grant, September 28, 2012, subject to continued service through each applicable vesting date.