X0306 4 2019-03-07 0001639300 Ollie's Bargain Outlet Holdings, Inc. OLLI 0001276412 SWYGERT JOHN W C/O OLLIE'S BARGAIN OUTLET HOLDINGS, INC 6295 ALLENTOWN BOULEVARD, SUITE 1 HARRISBURG PA 17112 true EVP, COO Common Stock 2019-03-07 4 M 0 4350 0 A 33699 D Common Stock 2019-03-07 4 F 0 1201 81 D 32498 D Common Stock 2019-03-08 4 S 0 3149 79.98 D 29349 D Restricted Stock Units 2019-03-07 4 M 0 4350 0 D Common Stock 4350 4350 D Represents the conversion upon vesting restricted stock awards into common stock. The reporting person was granted 17,399 restricted stock units on March 7, 2016, of which 4,349 of the restricted stock units vested on March 7, 2017; 4,350 of the restricted stock units vested on March 7, 2018; 4,350 of the restricted stock units vested on March 7, 2019 and 4,350 of the restricted stock units will vest on March 7, 2020. Restricted Stock Units ("RSUs") convert into Common Stock on a one-for-one basis. 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. The price reported in column 4 is equivalent to the fair market value based on the closing market price as of March 7, 2019. Transactions made pursuant to an agreement adopted on January 3, 2019 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $79.75 to $80.19 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 (6) to this Form 4. Each restricted stock award is the economic equivalent of one share of Ollie's Bargain Outlet Holdings, Inc. common stock. The reporting person was granted 17,399 restricted stock units on March 7, 2016, of which 4,350 of the restricted stock units vested on March 7, 2019. The common stock into which such vested restricted stock units converted on March 7, 2019 is reported in Table I on this Form 4. The remaining 4,350 unvested stock units will vest in their entirety on March 7, 2020. By: /s/ Robert Bertram as Attorney-In-Fact 2019-03-11