Macellum Advisors GP, LLC 3
3 · BIG LOTS INC · Filed Mar 13, 2020
Insider Transaction Report
Form 3
BIG LOTS INCBIG
Holdings
- 853,112(indirect: See Footnote)
Common Stock $0.01 par value
- (indirect: See Footnote)
Call Options (right to buy)
Exercise: $17.50From: 2020-03-02Exp: 2020-04-17→ Common Stock $0.01 par value (250,000 underlying) - (indirect: See Footnote)
Put Options (obligation to buy)
Exercise: $27.50Exp: 2020-03-20→ Common Stock $0.01 par value (26,100 underlying) - (indirect: See Footnote)
Put Options (obligation to buy)
Exercise: $25.00From: 2020-02-14Exp: 2020-03-20→ Common Stock $0.01 par value (5,200 underlying)
Footnotes (3)
- [F1]This Form 3 is filed jointly by Macellum Opportunity Fund LP ("Macellum Opportunity"), Macellum Management, LP ("Macellum Management"), Macellum Advisors GP, LLC ("Macellum GP") and Jonathan Duskin (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.
- [F2]Securities owned directly by Macellum Opportunity. As the investment manager of Macellum Opportunity, Macellum Management may be deemed to beneficially own the securities owned directly by Macellum Opportunity. As the general partner of Macellum Opportunity, Macellum GP may be deemed to beneficially own securities owned directly by Macellum Opportunity. As the sole member of Macellum GP, Mr. Duskin may be deemed to beneficially own the securities owned directly by Macellum Opportunity.
- [F3]Such options are exercisable as of March 4, 2020 and were immediately exercisable upon their acquisition.