Filing Details

Accession Number:
0001179110-16-030492
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-10-05 18:39:35
Reporting Period:
2016-10-03
Filing Date:
2016-10-05
Accepted Time:
2016-10-05 18:39:35
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
1568819 Leoncio Segundo Casusol C/O Liquidity Services, Inc.
1920 L Street, N.w., 6Th Floor
Washington DC 20036
Chief Information Officer 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 2016-10-03 16,539 $10.65 16,539 No 4 J Direct
Common Stock Disposition 2016-10-03 3,821 $10.65 12,538 No 4 S Direct
Common Stock Disposition 2016-10-04 1,701 $10.52 10,837 No 4 S Direct
Common Stock Disposition 2016-10-05 4,072 $10.51 6,765 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 J Direct
No 4 S Direct
No 4 S 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 Grant Disposition 2016-10-03 932 $10.65 1,865 $21.99
Common Stock Employee Stock Grant Disposition 2016-10-03 7,160 $10.65 35,798 $10.41
Common Stock Employee Stock Grant Disposition 2016-10-03 8,447 $10.65 33,789 $6.63
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
933 2023-10-01 No 4 J Direct
28,638 2024-10-01 No 4 J Direct
25,342 2025-10-01 No 4 J Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Employee Stock Option $21.99 2023-10-01 7,900 7,900 Direct
Common Stock Employee Stock Grant $33.13 2023-01-01 12,279 12,279 Direct
Common Stock Employee Stock Grant $13.57 2024-05-14 55,269 55,269 Direct
Common Stock Employee Stock Grant $10.41 2024-10-01 14,319 14,319 Direct
Common Stock Employee Stock Option $10.41 2024-10-01 10,077 10,077 Direct
Common Stock Employee Stock Option $10.41 2024-10-01 2,519 2,519 Direct
Common Stock Employee Stock Grant $5.11 2025-10-01 8,447 8,447 Direct
Common Stock Employee Stock Option $6.63 2025-10-01 18,522 18,522 Direct
Common Stock Employee Stock Option $6.63 2025-10-01 4,630 4,630 Direct
Common Stock Employee Stock Grant $6.63 2025-10-01 26,395 26,395 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2023-10-01 7,900 7,900 Direct
2023-01-01 12,279 12,279 Direct
2024-05-14 55,269 55,269 Direct
2024-10-01 14,319 14,319 Direct
2024-10-01 10,077 10,077 Direct
2024-10-01 2,519 2,519 Direct
2025-10-01 8,447 8,447 Direct
2025-10-01 18,522 18,522 Direct
2025-10-01 4,630 4,630 Direct
2025-10-01 26,395 26,395 Direct
Footnotes
  1. Twenty-five percent of this restricted stock grant vested on October 1, 2014 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years.
  2. Twenty-five percent of this option grant vested on October 1, 2014 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
  3. Twenty-five percent of this restricted stock grant vested on January 1, 2014 and thereafter 1/4th of the restricted stock grant will vest on January 1 of each year for three years.
  4. Fifty percent of this restricted stock grant vested on November 1, 2015 and thereafter 1/4th of the restricted stock grant will vest on November 1 of each year for two years.
  5. Twenty-five percent of this restricted stock grant vested on October 1, 2015 and thereafter 1/8th of the restricted stock grant will vest on April 1 and October 1 of each year for three years.
  6. These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
  7. Twenty-five percent of this option grant vested on October 1, 2015 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
  8. This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
  9. Twenty-five percent of this restricted stock grant vested on October 1, 2016 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years.
  10. These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
  11. Twenty-five percent of this option grant vested on October 1, 2016 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
  12. This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
  13. These restricted shares will vest, if at all, based on the Issuer's achievement of certain milestones with respect to the Liquidity One Transformation plan.
  14. Represents vesting of restricted stock
  15. Represents reporting person's advance election to sell upon vesting such restricted shares