Filing Details

Accession Number:
0001628280-17-009697
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-10-04 17:02:33
Reporting Period:
2017-10-02
Accepted Time:
2017-10-04 17:02:33
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
1352659 M James Rallo C/O Liquidity Services, Inc.
6931 Arlington Road, Suite 200
Bethesda MD 20814
President Rscg And Cag 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 2017-10-02 15,270 $5.80 15,270 No 4 J Direct
Common Stock Disposition 2017-10-02 13,449 $5.80 1,821 No 4 S Direct
Common Stock Disposition 2017-10-03 1,821 $5.80 0 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
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Employee Stock Grant Disposition 2017-10-02 1,173 $5.80 1,173 $21.99
Common Stock Employee Stock Grant Disposition 2017-10-02 7,717 $5.80 23,150 $10.41
Common Stock Employee Stock Grant Disposition 2017-10-02 6,380 $5.80 19,140 $6.63
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2023-10-01 No 4 J Direct
15,433 2024-10-01 No 4 J Direct
12,760 2025-10-01 No 4 J Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 15,039 Indirect By James M. Rallo 401k
Common Stock 8,000 Indirect By James M. Rallo IRA
Common Stock 685 Indirect By James M. Rallo Cust. Michael Rallo MD UTMA
Common Stock 460 Indirect By James M. Rallo Cust. Melissa Rallo MD UTMA
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Employee Stock Option $7.48 2018-10-01 2,338 2,338 Direct
Common Stock Employee Stock Option $15.47 2020-10-01 6,678 6,678 Direct
Common Stock Employee Stock Grant $15.47 2020-10-01 5,527 5,527 Direct
Common Stock Employee Stock Option $31.37 2021-10-01 12,358 12,358 Direct
Common Stock Employee Stock Option $38.09 2022-10-01 3,335 3,335 Direct
Common Stock Employee Stock Option $29.47 2023-07-18 24,871 24,871 Direct
Common Stock Employee Stock Option $21.99 2023-10-01 9,938 9,938 Direct
Common Stock Employee Stock Grant $13.57 2024-05-14 11,054 11,054 Direct
Common Stock Employee Stock Option $10.41 2024-10-01 12,675 12,675 Direct
Common Stock Employee Stock Grant $5.80 2025-10-01 6,380 6,380 Direct
Common Stock Employee Stock Option $6.63 2025-10-01 13,987 13,987 Direct
Common Stock Employee Stock Option $6.63 2025-10-01 3,497 3,497 Direct
Common Stock Employee Stock Grant $8.30 2026-10-01 7,850 7,850 Direct
Common Stock Employee Stock Grant $8.30 2026-10-01 7,850 7,850 Direct
Common Stock Employee Stock Option $8.30 2026-10-01 4,650 4,650 Direct
Common Stock Employee Stock Option $8.30 2026-10-01 4,650 4,650 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2018-10-01 2,338 2,338 Direct
2020-10-01 6,678 6,678 Direct
2020-10-01 5,527 5,527 Direct
2021-10-01 12,358 12,358 Direct
2022-10-01 3,335 3,335 Direct
2023-07-18 24,871 24,871 Direct
2023-10-01 9,938 9,938 Direct
2024-05-14 11,054 11,054 Direct
2024-10-01 12,675 12,675 Direct
2025-10-01 6,380 6,380 Direct
2025-10-01 13,987 13,987 Direct
2025-10-01 3,497 3,497 Direct
2026-10-01 7,850 7,850 Direct
2026-10-01 7,850 7,850 Direct
2026-10-01 4,650 4,650 Direct
2026-10-01 4,650 4,650 Direct
Footnotes
  1. Represents the vesting of restricted stock.
  2. Represents reporting person's advance election to sell upon vesting such restricted shares.
  3. The number of securities shown as being held in Issuer's 401(k) account for the Reporting Person's benefit is the approximate number of shares of common stock. De minimis fractional interests reported by the Issuer's 401(k) Plan trustee/administrator and held indirectly through the Plan's stock purchase account are not reflected.
  4. Mr. Rallo disclaims beneficial ownership of these shares.
  5. These options became fully vested on October 1, 2013.
  6. These options became fully vested on October 1, 2014.
  7. These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
  8. These options became fully vested on October 1, 2015.
  9. These options became fully vested on October 1, 2016.
  10. Twenty-five percent of this option grant vested on July 18, 2014 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
  11. 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.
  12. These options became fully vested on October 1, 2017.
  13. 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.
  14. 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.
  15. 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.
  16. 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.
  17. 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.
  18. This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
  19. Twenty-five percent of this restricted stock grant will vest on April 1, 2018 and thereafter 1/4th of the restricted stock grant will vest on each of October 1, 2018, October 1, 2019, and October 1, 2020.
  20. 18/48th of this option grant will vest on April 1, 2018 and thereafter 1/48th of this option grant will vest each month for thirty months.