X0306 4 2018-03-07 0001639300 Ollie's Bargain Outlet Holdings, Inc. OLLI 0001645283 Butler Mark L C/O OLLIE'S BARGAIN OUTLET HOLDINGS, INC 6295 ALLENTOWN BOULEVARD, SUITE 1 HARRISBURG PA 17112 true true true President, CEO Common Stock 2018-03-07 4 M 0 11754 0 A 3801234 D Common Stock 2018-03-07 4 F 0 3221 60.1 D 3798013 D Common Stock 7002695 I By Trust Restricted Stock Units 2018-03-07 4 M 0 11754 0 D Common Stock 11754 23507 D Represents the conversion upon vesting restricted stock awards into common stock. The reporting person was granted 47,014 restricted stock units on March 7, 2016, of which 11,753 of the restricted stock units vested on March 7, 2017; 11,754 of the restricted stock units vested on March 7, 2018; 11,753 of the restricted stock units will vest on March 7, 2019 and 11,754 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, 2018. Held directly by the Mark L. Butler 2012 DE Dynasty Trust, of which the Reporting Person serves as Investment Direction Advisor. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. 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 47,014 restricted stock units on March 7, 2016, of which 11,754 of the restricted stock units vested on March 7, 2018. The common stock into which such vested restricted stock units converted on March 7, 2018 is reported in Table I on this Form 4. The remaining unvested stock units will continue to vest with 11,753 of the restricted stock units vesting on March 7, 2019 and 11,754 of the restricted stock units vesting on March 7, 2020. /s/ Robert Bertram as Attorney-In-Fact 2018-03-09