Sec Form 4 Filing - Macellum Opportunity Fund LP @ BIG LOTS INC - 2020-04-13

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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

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1. Name and Address of Reporting Person Macellum Opportunity Fund LP 2. Issuer Name and Ticker or Trading Symbol BIG LOTS INC [ BIG] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner _____ Officer (give title below) X __ Other (specify below) See Explanation of Responses (Last) (First) (Middle) 99 HUDSON STREET, 5TH FLOOR, 3. Date of Earliest Transaction (MM/DD/YY) 04/13/2020 (Street) NEW YORK, NY10013 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock $0.01 par value ( 1 ) 04/14/2020 X 73,500 A $ 17.5 926,612 I See Footnote ( 2 )

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Call Options (right to buy) $ 17.5 04/13/2020 S 675 03/02/2020 04/17/2020 Common Stock $0.01 par value 67,500 $ 1.8459 157,500 I See Footnote ( 2 ) Call Options (right to buy) $ 17.5 04/14/2020 S 840 03/02/2020 04/17/2020 Common Stock $0.01 par value 84,000 $ 1.6729 73,500 I See Footnote ( 2 ) Call Options (right to buy) $ 17.5 04/14/2020 X 735 03/02/2020 04/17/2020 Common Stock $0.01 par value 73,500 $ 0 0 I See Footnote ( 2 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Macellum Opportunity Fund LP 99 HUDSON STREET, 5TH FLOOR NEW YORK, NY10013 See Explanation of Responses Macellum Management, LP 99 HUDSON STREET 5TH FLOOR NEW YORK, NY10013 See Explanation of Responses Macellum Advisors GP, LLC 99 HUDSON STREET 5TH FLOOR NEW YORK, NY10013 See Explanation of Responses DUSKIN JONATHAN MACELLUM CAPITAL MANAGEMENT, LLC 99 HUDSON STREET, 5TH FLOOR NEW YORK, NY10013 See Explanation of Responses Signatures Macellum Opportunity Fund LP; By: Macellum Advisors GP, llc; By: /s/ Jonathan Duskin 04/15/2020 Signature of Reporting Person Date Macellum Management, LP; By: Macellum Advisors GP, LLC; By: /s/ Jonathan Duskin 04/15/2020 Signature of Reporting Person Date Macellum Advisors GP, LLC; By: /s/ Jonathan Duskin 04/15/2020 Signature of Reporting Person Date /s/ Jonathan Duskin 04/15/2020 Signature of Reporting Person Date

Explanation of Responses:

( 1 )This Form 4 is filed jointly by Macellum Opportunity Fund LP ("Macellum Opportunity"), Macellum Management, LP ("Macellum Management"), Macellum Advisors GP, LLC ("Macellum GP") and Jonathan Duskin (collectively, the "Reporting Persons"). Each of the Reporting Persons is a member of a Section 13(d) group that previously owned more than 10% of the Issuer's outstanding shares of Common Stock, par value $0.01 (the "Common Stock"). As of April 14, 2020, the Reporting Persons ceased to own in the aggregate more than 10% of the Issuer's outstanding Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein. ( 2 )Securities owned directly by Macellum Opportunity. As the investment manager of Macellum Opportunity, Macellum Management may be deemed to beneficially own the securities owned directly by Macellum Opportunity. As the general partner of Macellum Opportunity, Macellum GP may be deemed to beneficially own securities owned directly by Macellum Opportunity. As the sole member of Macellum GP, Mr. Duskin may be deemed to beneficially own the securities owned directly by Macellum Opportunity.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* 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).

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