SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Kraus Larry

(Last)

(First)

(Middle)

C/O OLLIE'S BARGAIN OUTLET HOLDINGS, INC

6295 ALLENTOWN BOULEVARD, SUITE 1

(Street)

HARRISBURG

17112

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
05/27/2020

3. Issuer Name and Ticker or Trading Symbol
Ollie's Bargain Outlet Holdings, Inc. [ OLLI ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	VP, CIO

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Option (right to buy)	⁽¹⁾	02/06/2027	Common Stock	1,712	$31.15	D
Restricted Stock Units	02/06/2021	02/06/2021⁽²⁾	Common Stock	562⁽³⁾	$31.15	D
Option (right to buy)	⁽⁴⁾	03/28/2028	Common Stock	5,504	$58.9	D
Restricted Stock Units	03/28/2022	03/28/2022⁽⁵⁾	Common Stock	1,753⁽³⁾	$58.9	D
Option (right to buy)	⁽⁶⁾	03/20/2029	Common Stock	5,391	$79.89	D
Restricted Stock Units	03/20/2023	03/20/2023⁽⁷⁾	Common Stock	1,682⁽³⁾	$79.89	D
Option (right to buy)	⁽⁸⁾	03/24/2030	Common Stock	10,786	$41.49	D
Restricted Stock Units	03/24/2024	03/24/2024⁽⁹⁾	Common Stock	3,390⁽³⁾	$41.49	D

Explanation of Responses:

1. Options vest and become exercisable in 25% installments on each anniversary date of the grant, February 6, 2017, subject to continued service through each applicable vesting date. The reporting person was granted 1,712 options, of which 428 of the options vested on February 6, 2018; 428 of the options vested on February 6, 2019; 428 of the options vested on February 6, 2020 and 428 of the options will vest on February 6, 2021.

2. The restricted stock units vest in their entirety on February 6, 2021.

3. Each restricted stock unit represents a contingent right to receive one share of common stock.

4. Options vest and become exercisable in 25% installments on each anniversary date of the grant, March 28, 2018, subject to continued service through each applicable vesting date. The reporting person was granted 5,504 options, of which 1,376 of the options vested on March 28, 2019; 1,376 of the options vested on March 28, 2020; 1,376 of the options will vest on March 28, 2021 and 1,376 of the options will vest on March 28, 2022.

5. The restricted stock units vest in their entirety on March 28, 2022.

6. Options vest and become exercisable in 25% installments on each anniversary date of the grant, March 20, 2019, subject to continued service through each applicable vesting date. The reporting person was granted 5,391 options, of which 1,347 of the options vested on March 20, 2020; 1,348 of the options will vest on March 20, 2021; 1,348 of the options will vest on March 20, 2022 and 1,348 of the options will vest on March 20, 2023.

7. The restricted stock units vest in their entirety on March 20, 2023.

8. Options vest and become exercisable in 25% installments on each anniversary date of the grant, March 24, 2020, subject to continued service through each applicable vesting date. The reporting person was granted 10,786 options, of which 2,696 of the options will vest on March 24, 2021; 2,697 of the options will vest on March 24, 2022; 2,696 of the options will vest on March 24, 2023 and 2,697 of the options will vest on March 24, 2024.

9. The restricted stock units vest in their entirety on March 24, 2024.

Remarks:

See Exhibit 24.1 - Power of Attorney.

	/s/ Robert Bertram, as Attorney In-Fact	06/05/2020
	** Signature of Reporting Person	Date
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 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.