SEC Form 4
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
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
  
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Ancora Advisors, LLC

(Last) (First) (Middle)
6060 PARKLAND BOULEVARD, SUITE 200

(Street)
CLEVELAND OH 44124

(City) (State) (Zip)
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
3. Date of Earliest Transaction (Month/Day/Year)
03/20/2020
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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) 03/25/2020 X 2,000 A $25 705,314 I See Footnote(2)
Common Stock $0.01 par value(1) 03/25/2020 X 500 A $25 70,254 I See Footnote(3)
Common Stock $0.01 par value(1) 03/25/2020 X 500 A $25 638,411 I See Footnote(4)
Common Stock $0.01 par value(1) 48,468 I See Footnote(5)
Common Stock $0.01 par value(1) 549,756 I See Footnote(6)
Common Stock $0.01 par value(1) 453,140 I See Footnote(7)
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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (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: 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
Put option (obligation to buy) $25 03/25/2020 X 20 12/16/2019 04/17/2020 Common Stock $0.01 par value 2,000 $0 1,105 I See Footnote(2)
Put option (obligation to buy) $25 03/25/2020 X 5 12/16/2019 04/17/2020 Common Stock $0.01 par value 500 $0 83 I See Footnote(3)
Put option (obligation to buy) $25 03/25/2020 X 5 12/16/2019 04/17/2020 Common Stock $0.01 par value 500 $0 1,157 I See Footnote(4)
Put option (obligation to buy) $25 12/16/2019 04/17/2020 Common Stock $0.01 par value 12,500 12,500 I See Footnote(5)
Put option (obligation to buy) $27.5 03/20/2020 E 450 01/23/2020 03/20/2020 Common Stock $0.01 par value 45,000 $0 0 I See Footnote(2)
Put option (obligation to buy) $27.5 03/20/2020 E 50 01/23/2020 03/20/2020 Common Stock $0.01 par value 5,000 $0 0 I See Footnote(3)
Put option (obligation to buy) $27.5 03/20/2020 E 209 01/23/2020 03/20/2020 Common Stock $0.01 par value 20,900 $0 0 I See Footnote(4)
Put option (obligation to buy) $27.5 03/20/2020 E 35 01/23/2020 03/20/2020 Common Stock $0.01 par value 3,500 $0 0 I See Footnote(5)
Put option (obligation to buy) $27.5 03/20/2020 E 239 01/23/2020 03/20/2020 Common Stock $0.01 par value 23,900 $0 0 I See Footnote(7)
Put option (obligation to buy) $25 03/20/2020 E 47 02/14/2020 03/20/2020 Common Stock $0.01 par value 4,700 $0 0 I See Footnote(7)
1. Name and Address of Reporting Person*
Ancora Advisors, LLC

(Last) (First) (Middle)
6060 PARKLAND BOULEVARD, SUITE 200

(Street)
CLEVELAND OH 44124

(City) (State) (Zip)
1. Name and Address of Reporting Person*
ANCORA MERLIN INSTITUTIONAL, LP

(Last) (First) (Middle)
ANCORA ADVISORS LLC
6060 PARKLAND BOULEVARD, SUITE 200

(Street)
CLEVELAND OH 44124

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Ancora Merlin, LP

(Last) (First) (Middle)
6060 PARKLAND BOULEVARD
SUITE 200

(Street)
CLEVELAND OH 44124

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Ancora Catalyst Institutional, LP

(Last) (First) (Middle)
ANCORA ADVISORS LLC
6060 PARKLAND BOULEVARD, SUITE 200

(Street)
CLEVELAND OH 44124

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Ancora Catalyst, LP

(Last) (First) (Middle)
6060 PARKLAND BOULEVARD
SUITE 200

(Street)
CLEVELAND OH 44124

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Ancora Catalyst SPV I LP

(Last) (First) (Middle)
6060 PARKLAND BOULEVARD
SUITE 200

(Street)
CLEVELAND OH 44124

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Ancora Catalyst SPV I SPC Ltd. - Segregated Portfolio C

(Last) (First) (Middle)
94 SOLARIS AVENUE, PO BOX 1348
CAMANA BAY

(Street)
GRAND CAYMAN E9 KY1-1108

(City) (State) (Zip)
1. Name and Address of Reporting Person*
DiSanto Frederick D.

(Last) (First) (Middle)
6060 PARKLAND
SUITE 200

(Street)
CLEVELAND OH 44124

(City) (State) (Zip)
Explanation of Responses:
1. This Form 4 is filed jointly by Ancora Merlin Institutional LP ("Ancora Merlin Institutional"), Ancora Merlin, LP ("Ancora Merlin"), Ancora Catalyst Institutional, LP ("Ancora Catalyst Institutional"), Ancora Catalyst, LP ("Ancora Catalyst"), Ancora Catalyst SPV I LP ("Ancora SPV I"), Ancora Catalyst SPV I SPC Ltd. - Segregated Portfolio C ("Ancora SPV I Ltd"), Ancora Advisors, LLC ("Ancora Advisors") and Frederick DiSanto (collectively, the "Reporting Persons"). Each of the Reporting Persons is a member of a Section 13(d) group that collectively owns more than 10% of the Issuer's outstanding shares of Common Stock, par value $0.01 (the "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 Ancora Merlin Institutional. As the investment advisor of Ancora Merlin Institutional, Ancora Advisors may be deemed to beneficially own the securities owned directly by Ancora Merlin Institutional. As the Chairman and Chief Executive Officer, Mr. DiSanto may be deemed to beneficially own the securities owned directly by Ancora Merlin Institutional.
3. Securities owned directly by Ancora Merlin. As the investment advisor of Ancora Merlin, Ancora Advisors may be deemed to beneficially own the securities owned directly by Ancora Merlin. As the Chairman and Chief Executive Officer, Mr. DiSanto may be deemed to beneficially own the securities owned directly by Ancora Merlin.
4. Securities owned directly by Ancora Catalyst Institutional. As the investment advisor of Ancora Catalyst Institutional, Ancora Advisors may be deemed to beneficially own the securities owned directly by Ancora Catalyst Institutional. As the Chairman and Chief Executive Officer, Mr. DiSanto may be deemed to beneficially own the securities owned directly by Ancora Catalyst Institutional.
5. Securities owned directly by Ancora Catalyst. As the investment advisor of Ancora Catalyst, Ancora Advisors may be deemed to beneficially own the securities owned directly by Ancora Catalyst. As the Chairman and Chief Executive Officer, Mr. DiSanto may be deemed to beneficially own the securities owned directly by Ancora Catalyst.
6. Securities owned directly by Ancora SPV I. As the investment advisor of Ancora SPV I, Ancora Advisors may be deemed to beneficially own the securities owned directly by Ancora SPV I. As the Chairman and Chief Executive Officer, Mr. DiSanto may be deemed to beneficially own the securities owned directly by Ancora SPV I.
7. Securities owned directly by Ancora SPV I Ltd. As the investment advisor of Ancora SPV I Ltd, Ancora Advisors may be deemed to beneficially own the securities owned directly by Ancora SPV I Ltd. As the Chairman and Chief Executive Officer, Mr. DiSanto may be deemed to beneficially own the securities owned directly by Ancora SPV I Ltd.
Ancora Advisors, LLC; By: /s/ Frederick DiSanto 03/27/2020
Ancora Merlin Institutional LP; By: Ancora Advisors, LLC; By: /s/ Frederick DiSanto 03/27/2020
Ancora Merlin, LP; By: Ancora Advisors, LLC; By: /s/ Frederick DiSanto 03/27/2020
Ancora Catalyst Institutional, LP; By: Ancora Advisors, LLC; By: /s/ Frederick DiSanto 03/27/2020
Ancora Catalyst, LP; By: Ancora Advisors, LLC; By: /s/ Frederick DiSanto 03/27/2020
Ancora Catalyst SPV I LP; By: Ancora Advisors, LLC; By: /s/ Frederick DiSanto 03/27/2020
Ancora Catalyst SPV I SPC Ltd. - Segregated Portfolio C; By: Ancora Advisors, LLC; By: /s/ Frederick DiSanto 03/27/2020
/s/ Frederick DiSanto 03/27/2020
** 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 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).
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.