Filing Details

Schedule 13G Information to be included in statements filed pursuant to 13d-1(b), (c), and (d) and amendments thereto filed pursuant to 240.13d-2. Securities and Exchange Commission, Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No._)* (Liquidity Services, Inc.) (Common stock) (53635B107) (December 31, 2016) Check the appropriate box to designate the rule pursuant to which this schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No.53635B107 (1) Names of reporting persons: STALEY CAPITAL ADVISERS, INC. (2) Check the appropriate box if a member of a group (a) (b) (3) SEC use only (4) Citizenship or place of organization: PENNSYLVANIA Number of shares beneficially owned by each reporting person with: (5) Sole voting power: 2,230,384 (6) Shared voting power: 0 (7) Sole dispositive power: 2,230,384 (8) Shared dispositive power: 0 (9) Aggregate amount beneficially owned by each reporting person: 2,230,384 (10) Check if the aggregate amount in Row (9) excludes certain shares: (11) Percent of class represented by amount in Row (9): 7.1% (a) (12) Type of reporting person: IA *(a) based on 31,288,551 shares of common stock of the issuer outstanding as of 11/17/2016. CUSIP No.53635B107 (1) Names of reporting person: JOHN A. STALEY, IV (2) Check the appropriate box if a member of a group (a) (b) (3) SEC use only (4) Citizenship or place of organization: USA Number of shares beneficially owned by each reporting person with: (5) Sole voting power: 2,230,384 (6) Shared voting power: 0 (7) Sole dispositive power: 2,230,384 (8) Shared dispositive power: 0 (9) Aggregate amount beneficially owned by each reporting person: 2,230,384 (10) Check if the aggregate amount in Row (9) excludes certain shares: (11) Percent of class represented by amount in Row (9): 7.1% (a) (12) Type of reporting person: IN *(a) based on 31,288,551 shares of common stock of the issuer outstanding as of 11/17/2016.CUSIP No.53635B107 (1) Names of reporting persons: WILLIAM F. STOTZ (2) Check the appropriate box if a member of a group (a) (b) (3) SEC use only (4) Citizenship or place of organization: USA Number of shares beneficially owned by each reporting person with: (5) Sole voting power: 2,240,734 (6) Shared voting power: 0 (7) Sole dispositive power: 2,240,734 (8) Shared dispositive power: 0 (9) Aggregate amount beneficially owned by each reporting person: 2,240,734 (10) Check if the aggregate amount in Row (9) excludes certain shares: (11) Percent of class represented by amount in Row (9): 7.2% (a) (12) Type of reporting person: IN *(a) based on 31,288,551 shares of common stock of the issuer outstanding as of 11/17/2016.CUSIP No.53635B107 (1) Names of reporting persons: JAMES D. ROBERGE (2) Check the appropriate box if a member of a group (a) (b) (3) SEC use only (4) Citizenship or place of organization: USA Number of shares beneficially owned by each reporting person with: (5) Sole voting power: 2,235,399 (6) Shared voting power: 0 (7) Sole dispositive power: 2,235,399 (8) Shared dispositive power: 0 (9) Aggregate amount beneficially owned by each reporting person: 2,235,399 (10) Check if the aggregate amount in Row (9) excludes certain shares: (11) Percent of class represented by amount in Row (9): 7.1% (a) (12) Type of reporting person: IN *(a) based on 31,288,551 shares of common stock of the issuer outstanding as of 11/17/2016.2(d) Title of class of securities: COMMON STOCK 2(e) CUSIP No.: 53635B107 Item 3: If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); (e) [X] An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] A non-U.S. institution in accordance with 240.13d- 1(b)(1)(ii)(J); (k) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d- 1(b)(1)(ii)(J), please specify the type of institution: Item 4. Ownership The information set forth in rows 5 to 11 in the Cover Pages hereto for each of the Reporting Persons is incorporated herein by reference. All ownership information reported on the Cover Pages is as of December 31, 2016. Staley Capital Advisers, Inc. does not directly own any shares of common stock of the issuer. As the investment adviser to separately managed accounts, Staley Capital may be deemed to beneficially own the shares reported herein. Similarly, Mr. Staley, Mr. Roberge and Mr. Stotz, as Controlling Persons of Staley Capital, may be deemed to beneficially own shares reported herein. Except as stated below, none of the Reporting Persons directly own shares of common stock of the issuer and the Reporting Persons expressly disclaim beneficial ownership of the issuer's common stock reported herein, with the following exceptions: 1) Mr. Stotz is the beneficial owner of 10,350 shares of LQDT common stock, and 2) Mr. Roberge is the beneficial owner of 5,015 shares of LQDT common stock. Item 5. Ownership of 5 Percent or Less of a Class. NOT APPLICABLE Item 6. Ownership of More than Five Percent on behalf of another person. NOT APPLICABLE Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. NOT APPLICABLE Item 8. Identification and Classification of Members of the Group. NOT APPLICABLE Item 9. Notice of Dissolution of Group. NOT APPLICABLE Item 10. Certifications: By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Section 240.14a-11. After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and accurate. /JOHN A. STALEY, IV/ ------------------------------- Staley Capital Advisers, Inc., by John A. Staley IV, President /JOHN A. STALEY, IV/ ------------------------------- John A. Staley IV, President, Staley Capital Advisers, Inc. /WILLIAM F. STOTZ/ ------------------------------- William F. Stotz, Managing Director, Staley Capital Advisers, Inc. /JAMES D. ROBERGE/ ------------------------------- James D. Roberge, Managing Director, Staley Capital Advisers, Inc.EXHIBIT A JOINT FILING AGREEMENT The undersigned hereby agree as follows: (i) The statement on Schedule 13G, and any amendments thereto, to which this Agreement is annexed as Exhibit A, is and will be filed on behalf of each of them in accordance with the provisions of Rule 13d-1(k)(1)under the Securities Exchange Act of 1934, as amended; and ii) Each of them is responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such person therein, but none of them is responsible for the completeness and accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate. Dated: December 31, 2016 /JOHN A. STALEY, IV/ ------------------------------- Staley Capital Advisers, Inc., by John A. Staley IV, President /JOHN A. STALEY, IV/ ------------------------------- John A. Staley IV, President, Staley Capital Advisers, Inc. /WILLIAM F. STOTZ/ ------------------------------- William F. Stotz, Managing Director, Staley Capital Advisers, Inc. /JAMES D. ROBERGE/ ------------------------------- James D. Roberge, Managing Director, Staley Capital Advisers, Inc.