Duskin Jonathan Form 4 BIG LOTS / JONATHAN DUSKIN ownership change

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

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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^*

Macellum Advisors GP, LLC

(Last) (First) (Middle)

99 HUDSON STREET

5TH FLOOR

(Street)

NEW YORK NY 10013

(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)
03/10/2020

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)								853,112	I	See Footnote(2)

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 (right to sell)	$25	03/11/2020		P		9		03/11/2020	03/20/2020	Common Stock $0.01 par value	900	$8.4	9	I	See Footnote(2)
Put option (right to sell)	$27.5	03/11/2020		P		52		03/11/2020	03/20/2020	Common Stock $0.01 par value	5,200	$10.95	52	I	See Footnote(2)
Put option (right to sell)	$25	03/12/2020		P		11		03/11/2020	03/20/2020	Common Stock $0.01 par value	1,100	$11.7	20	I	See Footnote(2)
Put option (right to sell)	$27.5	03/12/2020		P		52		03/11/2020	03/20/2020	Common Stock $0.01 par value	5,200	$14.1	104	I	See Footnote(2)

1. Name and Address of Reporting Person^*

Macellum Advisors GP, LLC

(Last) (First) (Middle)

99 HUDSON STREET

5TH FLOOR

(Street)

NEW YORK NY 10013

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

DUSKIN JONATHAN

(Last) (First) (Middle)

MACELLUM CAPITAL MANAGEMENT, LLC

99 HUDSON STREET, 5TH FLOOR

(Street)

NEW YORK NY 10013

(City) (State) (Zip)

Explanation of Responses:

1. This Form 4 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.

2. 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.

Remarks:

At the current time, Macellum Opportunity and Macellum Management do not have the necessary SEC filing codes. Accordingly, Macellum GP and Jonathan Duskin are thereporting parties. The remaining Reporting Persons are currently obtaining the necessary filing codes and upon receipt will file an amended Form 4.

	Macellum Advisors GP, LLC; By: /s/ Jonathan Duskin	03/13/2020
	/s/ Jonathan Duskin	03/13/2020
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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