Filing Details
- Accession Number:
- 0001179110-10-002582
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2010-02-11 12:00:00
- Reporting Period:
- 2010-02-09
- Filing Date:
- 2010-02-11
- Accepted Time:
- 2010-02-11 16:46:00
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1235468 | Liquidity Services Inc | LQDT | Services-Business Services, Nec (7389) | 000000000 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1352872 | Edwin James Williams | C/O Liquidity Services, Inc. 1920 L Street, N.w., 6Th Floor Washington DC 20036 | Vp, Gen. Counsel & Secretary | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2010-02-09 | 6,876 | $7.00 | 7,576 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2010-02-09 | 6,876 | $11.45 | 700 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Employee Stock Option | Disposition | 2010-02-09 | 6,876 | $7.00 | 6,876 | $7.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2015-12-22 | No | 4 | M | Direct |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Employee Stock Option | $12.89 | 2016-03-30 | 30,000 | 30,000 | Direct | |
| Common Stock | Employee Stock Option | $10.93 | 2017-10-01 | 30,000 | 30,000 | Direct | |
| Common Stock | Employee Stock Option | $7.48 | 2018-10-01 | 27,000 | 27,000 | Direct | |
| Common Stock | Restricted Stock Grant | $9.05 | 2019-10-01 | 7,778 | 7,778 | Direct | |
| Common Stock | Employee Stock Option | $9.05 | 2019-10-01 | 24,336 | 24,336 | Direct | |
| Common Stock | Restricted Share Grant | $9.05 | 2019-10-01 | 6,000 | 6,000 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2016-03-30 | 30,000 | 30,000 | Direct |
| 2017-10-01 | 30,000 | 30,000 | Direct |
| 2018-10-01 | 27,000 | 27,000 | Direct |
| 2019-10-01 | 7,778 | 7,778 | Direct |
| 2019-10-01 | 24,336 | 24,336 | Direct |
| 2019-10-01 | 6,000 | 6,000 | Direct |
Footnotes
- These options became fully vested on December 1, 2009.
- One-quarter of this option grant vested on March 30, 2007, with the remaining options vesting at 2.083% per month on the first day of each month for the next 36 months.
- One-quarter of this option grant vested on October 1, 2008, with the remaining options vesting at 2.083% per month on the first day of each month for the next 36 months.
- Twenty-five percent of this option grant vested on October 1, 2009 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
- Twenty-five percent of this restricted stock grant will vest on October 1, 2010 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years.
- Twenty-five percent of this option grant will vest on October 1, 2010 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
- These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
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