Lauri Joffe Turjeman Form 3 SEARS HOMETOWN & OUTLET STORES / Lauri Joffe Turjeman ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Turjeman Lauri Joffe

(Last) (First) (Middle)

5500 TRILLIUM BOULEVARD

SUITE 501

(Street)

HOFFMAN ESTATES IL 60192

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
04/27/2018

3. Issuer Name and Ticker or Trading Symbol
SEARS HOMETOWN & OUTLET STORES, INC. [ SHOS ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
SVP eCommerce, Marketing

5. If Amendment, Date of Original Filed (Month/Day/Year)

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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock (stock units)(1)	01/30/2019(2)	01/30/2021	Common Stock	4,781	0.0(1)	D
Phantom Stock (stock units)(1)	01/30/2019(3)	01/30/2020	Common Stock	1,889	0.0(1)	D

Explanation of Responses:

1. Each share of Phantom Stock (each stock unit) is the economic equivalent of one share of the Company's common stock and is payable solely in cash.

2. One third of these shares of Phantom Stock (stock units) vest on each of 1-30-2019, 1-30-2020, and 1-30-2021.

3. One half of these shares of Phantom Stock (stock units) vest on 1-30-2019 and the other half vest on 1-30-2020.

Remarks:

	By: /s/ Charles J. Hansen, as Attorney-in-Fact for Lauri Joffe Turjeman	05/07/2018
	** 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 5 (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.
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