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| Insider Trading |
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"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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| 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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
| ( 1 )Represents the conversion upon vesting restricted stock awards into common stock.|
( 2 )Restricted Stock Units ("RSUs") convert into Common Stock on a one-for-one basis.
( 3 )Exempt 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 vesting of restricted stock units.
( 4 )The price reported in column 4 is equivalent to the fair market value based on the closing market price as of March 24, 2021.
( 5 )Each restricted stock award is the economic equivalent of one share of Ollie's Bargain Outlet Holdings, Inc. common stock.
( 6 )The reporting person was granted 5,965 restricted stock units on March 24, 2020, of which 1,491 of the restricted stock units vested on March 24, 2021. The common stock into which such vested restricted stock units converted on March 24, 2021 is reported in Table I on this Form 4. The remaining unvested stock units will continue to vest with 1,492 of the restricted stock units vesting on March 24, 2022; 1,491 of the restricted stock units vesting on March 24, 2023 and 1,491 of the restricted stock units vesting on March 24, 2024.
|* 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).|