Ancora Merlin Institutional Form 4 BIG LOTS / Catalyst SPV I SPC Ltd. - Segregated Portfolio C Ancora 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^*

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)
04/09/2020

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)								778,914	I	See Footnote(2)
Common Stock $0.01 par value(1)								81,654	I	See Footnote(3)
Common Stock $0.01 par value(1)								716,611	I	See Footnote(4)
Common Stock $0.01 par value(1)								54,468	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
Call Options (right to buy)	$17.5	04/09/2020		S			221	03/02/2020	04/17/2020	Common Stock $0.01 par value	22,100	$2.8972	1,995	I	See Footnote(2)
Call Options (right to buy)	$17.5	04/09/2020		S			22	03/02/2020	04/17/2020	Common Stock $0.01 par value	2,200	$2.8972	198	I	See Footnote(3)
Call Options (right to buy)	$17.5	04/09/2020		S			178	03/02/2020	04/17/2020	Common Stock $0.01 par value	17,800	$2.8972	1,598	I	See Footnote(4)
Call Options (right to buy)	$17.5	04/09/2020		S			13	03/02/2020	04/17/2020	Common Stock $0.01 par value	1,300	$2.8972	115	I	See Footnote(5)
Call Options (right to buy)	$17.5	04/09/2020		S			162	03/02/2020	04/17/2020	Common Stock $0.01 par value	16,200	$2.8972	1,462	I	See Footnote(6)
Call Options (right to buy)	$17.5	04/09/2020		S			154	03/02/2020	04/17/2020	Common Stock $0.01 par value	15,400	$2.8972	1,382	I	See Footnote(7)
Put Option (right to sell)	$25	04/09/2020		P		369		04/09/2020	04/17/2020	Common Stock $0.01 par value	36,900	$5.0587	369	I	See Footnotes(2)(8)
Put Option (right to sell)	$25	04/09/2020		P		6		04/09/2020	04/17/2020	Common Stock $0.01 par value	600	$5.0587	6	I	See Footnotes(3)(8)
Put Option (right to sell)	$25	04/09/2020		P		375		04/09/2020	04/17/2020	Common Stock $0.01 par value	37,500	$5	375	I	See Footnotes(4)(8)
Put Option (right to sell)	$25	04/09/2020		P		28		04/09/2020	04/17/2020	Common Stock $0.01 par value	2,800	$5	28	I	See Footnotes(5)(8)
Call Options (right to buy)	$17.5	04/13/2020		S			849	03/02/2020	04/17/2020	Common Stock $0.01 par value	84,900	$1.8169	1,146	I	See Footnote(2)
Call Options (right to buy)	$17.5	04/13/2020		S			84	03/02/2020	04/17/2020	Common Stock $0.01 par value	8,400	$1.8169	114	I	See Footnote(3)
Call Options (right to buy)	$17.5	04/13/2020		S			681	03/02/2020	04/17/2020	Common Stock $0.01 par value	68,100	$1.8169	917	I	See Footnote(4)
Call Options (right to buy)	$17.5	04/13/2020		S			49	03/02/2020	04/17/2020	Common Stock $0.01 par value	4,900	$1.8169	66	I	See Footnote(5)
Call Options (right to buy)	$17.5	04/13/2020		S			623	03/02/2020	04/17/2020	Common Stock $0.01 par value	62,300	$1.8169	839	I	See Footnote(6)
Call Options (right to buy)	$17.5	04/13/2020		S			589	03/02/2020	04/17/2020	Common Stock $0.01 par value	58,900	$1.8169	793	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.

8. This purchase transaction closed existing short positions.

	Ancora Advisors, LLC; By: /s/ Frederick DiSanto	04/13/2020
	Ancora Merlin Institutional LP; By: Ancora Advisors, LLC; By: /s/ Frederick DiSanto	04/13/2020
	Ancora Merlin, LP; By: Ancora Advisors, LLC; By: /s/ Frederick DiSanto	04/13/2020
	Ancora Catalyst Institutional, LP; By: Ancora Advisors, LLC; By: /s/ Frederick DiSanto	04/13/2020
	Ancora Catalyst, LP; By: Ancora Advisors, LLC; By: /s/ Frederick DiSanto	04/13/2020
	Ancora Catalyst SPV I LP; By: Ancora Advisors, LLC; By: /s/ Frederick DiSanto	04/13/2020
	Ancora Catalyst SPV I SPC Ltd. - Segregated Portfolio C; By: Ancora Advisors, LLC; By: /s/ Frederick DiSanto	04/13/2020
	/s/ Frederick DiSanto	04/13/2020
	** Signature of Reporting Person	Date
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