Statement of Changes in Beneficial Ownership (4)

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

1. Name and Address of Reporting Person ^* Bertram Kenneth Robert	2. Issuer Name and Ticker or Trading Symbol Ollie's Bargain Outlet Holdings, Inc. [ OLLI ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) VP, General Counsel
(Last) (First) (Middle) C/O OLLIE'S BARGAIN OUTLET HOLDINGS, INC, 6295 ALLENTOWN BOULEVARD, SUITE 1	3. Date of Earliest Transaction (MM/DD/YYYY) 9/29/2020
(Street) HARRISBURG, PA 17112 (City) (State) (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. 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)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $0.001 per share	9/29/2020		M⁽¹⁾		800	A	$11.54	29430	D
Common Stock, par value $0.001 per share	9/29/2020		S⁽¹⁾		800	D	$90.51 ⁽²⁾	28630	D
Common Stock, par value $0.001 per share	9/29/2020		M⁽¹⁾		400	A	$20.26	29030	D
Common Stock, par value $0.001 per share	9/29/2020		S⁽¹⁾		400	D	$90.53 ⁽³⁾	28630	D
Common Stock, par value $0.001 per share	9/29/2020		M⁽¹⁾		886	A	$32.2	29516	D
Common Stock, par value $0.001 per share	9/29/2020		S⁽¹⁾		886	D	$90.57 ⁽⁴⁾	28630	D
Common Stock, par value $0.001 per share	9/29/2020		M⁽¹⁾		300	A	$58.9	28930	D
Common Stock, par value $0.001 per share	9/29/2020		S⁽¹⁾		300	D	$90.54 ⁽⁵⁾	28630	D

*Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)*
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. 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		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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee stock Option (right to buy)	$11.54	9/29/2020		M ⁽¹⁾			800	⁽⁶⁾	3/10/2025	Common Stock	800	$0	4950	D
Employee stock Option (right to buy)	$20.26	9/29/2020		M ⁽¹⁾			400	⁽⁷⁾	3/7/2026	Common Stock	400	$0	3754	D
Employee stock Option (right to buy)	$32.2	9/29/2020		M ⁽¹⁾			886	⁽⁸⁾	3/22/2027	Common Stock	886	$0	2770	D
Employee stock Option (right to buy)	$58.9	9/29/2020		M ⁽¹⁾			300	⁽⁹⁾	3/28/2028	Common Stock	300	$0	5164	D

Explanation of Responses:
(1)	Transactions made pursuant to an agreement adopted on July 17, 2020 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
(2)	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $90.50 to $90.52 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 (2) to this Form 4.
(3)	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $90.50 to $90.58 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 (3) to this Form 4.
(4)	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $90.50 to $90.58 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 (4) to this Form 4.
(5)	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $90.50 to $90.62 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 (5) to this Form 4.
(6)	Options vested and became exercisable in equal 20% installments (5,750) on each anniversary date of the grant, March 10, 2015.
(7)	Options vested and became exercisable in equal 25% installments (4,076) on each anniversary date of the grant, March 7, 2016.
(8)	Options vest and become exercisable in equal 25% installments (1,789) on each anniversary date of the grant, March 22, 2017, subject to continued service through each applicable vesting date.
(9)	Options vest and become exercisable in equal 25% installments (1,366) on each anniversary date of the grant, March 28, 2018, subject to continued service through each applicable vesting date.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Bertram Kenneth Robert C/O OLLIE'S BARGAIN OUTLET HOLDINGS, INC 6295 ALLENTOWN BOULEVARD, SUITE 1 HARRISBURG, PA 17112			VP, General Counsel