SEC Form 4 · accession 0001140361-18-009026
Ollie's Bargain Outlet Holdings, Inc. · OLLI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin McLain
Officer — SVP, Merchandising
Period of report
Feb 15, 2018
Accepted (ET)
Feb 20, 2018 · 4:09 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 | Feb 15, 2018 | M | 11,500 | $11.54 | A | 11,500 | D | |
| Common Stock, par value $0.001 per shareF2 | Feb 15, 2018 | S | 11,500 | $55.97 | D | 0 | D | |
| Common Stock, par value $0.001 per share | Feb 15, 2018 | M | 8,750 | $16.00 | A | 8,750 | D | |
| Common Stock, par value $0.001 per shareF3 | Feb 15, 2018 | S | 8,750 | $55.94 | D | 0 | D | |
| Common Stock, par value $0.001 per share | Feb 15, 2018 | M | 4,076 | $20.26 | A | 4,076 | D | |
| Common Stock, par value $0.001 per share | Feb 15, 2018 | S | 4,076 | $56.75 | D | 0 | 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 | $11.54 | Feb 15, 2018 | M | 11,500 | D | — | Mar 10, 2025 | Common Stock | 11,500 | 17,250 | D |
| Employee stock Option (right to buy)F5 | $16.00 | Feb 15, 2018 | M | 8,750 | D | — | Jul 15, 2025 | Common Stock | 8,750 | 8,750 | D |
| Employee stock Option (right to buy)F6 | $20.26 | Feb 15, 2018 | M | 4,076 | D | — | Mar 7, 2026 | Common Stock | 4,076 | 12,228 | D |
Explanation of responses
- F1Transactions made pursuant to an agreement adopted on December 15, 2017 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. The transactions reported on this Form 4 resulted in the completion of said 10b5-1 agreement.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.40 to $56.40 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 $55.75 to $56.35 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 (5,750) on each anniversary date of the grant, March 10, 2015, subject to continued service through each applicable vesting date.
- F5Options vest and become exercisable in equal 25% installments (4,375) on each anniversary date of the grant, July 15, 2015, subject to continued service through each applicable vesting date.
- F6Options vest and become exercisable in equal 25% installments (4,076) on each anniversary date of the grant, March 7, 2016, subject to continued service through each applicable vesting date.