SEC Form 4 · accession 0001140361-18-028779
Ollie's Bargain Outlet Holdings, Inc. · OLLI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth Robert Bertram
Officer — VP and General Counsel
Period of report
Jun 13, 2018
Accepted (ET)
Jun 15, 2018 · 4:07 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 | Jun 13, 2018 | M | 20,000 | $8.03 | A | 25,708 | D | |
| Common Stock, par value $0.001 per shareF3 | Jun 13, 2018 | F | 9,741 | $74.68 | D | 15,967 | D | |
| Common Stock, par value $0.001 per share | Jun 13, 2018 | M | 7,500 | $8.03 | A | 23,467 | D | |
| Common Stock, par value $0.001 per shareF4 | Jun 13, 2018 | S | 7,500 | $74.41 | D | 15,967 | 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)F5 | $8.03 | Jun 13, 2018 | M | 20,000 | D | — | Jun 10, 2024 | Common Stock | 20,000 | 37,500 | D |
| Employee stock Option (right to buy)F5 | $8.03 | Jun 13, 2018 | M | 7,500 | D | — | Jun 10, 2024 | Common Stock | 7,500 | 30,000 | D |
Explanation of responses
- F1Transactions made pursuant to an agreement adopted on April 10, 2018 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.
- F2Exempt 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 cancelled 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 exercise of options.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $74.05 to $75.20 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 (3) to this Form 4.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $74.05 to $74.95 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 (4) to this Form 4.
- F5Options vest and become exercisable in equal 20% installments (28,750) on each anniversary date of the grant, June 10, 2014, subject to continued service through each applicable vesting date.