Filing Details
- Accession Number:
- 0001628280-18-010710
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2018-08-07 17:00:41
- Reporting Period:
- 2018-08-03
- Accepted Time:
- 2018-08-07 17:00:41
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1235468 | Liquidity Services Inc | LQDT | Services-Business Services, Nec (7389) | 522209244 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1406206 | Jorge Celaya | C/O Liquidity Services, Inc. 6931 Arlington Road, Suite 200 Bethesda MD 20814 | Evp & Chief Financial 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 | Disposition | 2018-08-03 | 31,226 | $7.00 | 28,967 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2018-08-06 | 6,569 | $7.05 | 22,398 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2018-08-07 | 22,398 | $7.00 | 0 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Employee Stock Grant | $9.70 | 2025-10-01 | 87,449 | 87,449 | Direct | |
| Common Stock | Employee Stock Grant | $6.63 | 2025-10-01 | 12,670 | 12,670 | Direct | |
| Common Stock | Employee Stock Grant | $5.80 | 2025-10-01 | 6,335 | 6,335 | Direct | |
| Common Stock | Employee Stock Option | $6.63 | 2025-10-01 | 13,891 | 13,891 | Direct | |
| Common Stock | Employee Stock Option | $6.63 | 2025-10-01 | 3,473 | 3,473 | Direct | |
| Common Stock | Employee Stock Grant | $8.15 | 2025-10-01 | 6,644 | 6,644 | Direct | |
| Common Stock | Employee Stock Grant | $5.80 | 2025-10-01 | 7,275 | 7,275 | Direct | |
| Common Stock | Employee Stock Grant | $8.30 | 2026-10-01 | 6,644 | 6,644 | Direct | |
| Common Stock | Employee Stock Option | $8.30 | 2026-10-01 | 5,750 | 5,750 | Direct | |
| Common Stock | Employee Stock Option | $8.30 | 2026-10-01 | 5,750 | 5,750 | Direct | |
| Common Stock | Employee Stock Option | $4.47 | 2027-10-01 | 30,420 | 30,420 | Direct | |
| Common Stock | Employee Stock Grant | $4.47 | 2027-10-01 | 3,120 | 3,120 | Direct | |
| Common Stock | Employee Stock Option | $4.47 | 2027-10-01 | 20,280 | 20,280 | Direct | |
| Common Stock | Employee Stock Grant | $4.47 | 2027-10-01 | 2,080 | 2,080 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2025-10-01 | 87,449 | 87,449 | Direct |
| 2025-10-01 | 12,670 | 12,670 | Direct |
| 2025-10-01 | 6,335 | 6,335 | Direct |
| 2025-10-01 | 13,891 | 13,891 | Direct |
| 2025-10-01 | 3,473 | 3,473 | Direct |
| 2025-10-01 | 6,644 | 6,644 | Direct |
| 2025-10-01 | 7,275 | 7,275 | Direct |
| 2026-10-01 | 6,644 | 6,644 | Direct |
| 2026-10-01 | 5,750 | 5,750 | Direct |
| 2026-10-01 | 5,750 | 5,750 | Direct |
| 2027-10-01 | 30,420 | 30,420 | Direct |
| 2027-10-01 | 3,120 | 3,120 | Direct |
| 2027-10-01 | 20,280 | 20,280 | Direct |
| 2027-10-01 | 2,080 | 2,080 | Direct |
Footnotes
- Twenty-five percent of this restricted stock grant vested on October 1, 2016 and thereafter 1/4 of the restricted stock grant will vest on October 1 of each year for three years. In the event that Mr. Celaya's employment is terminated by the Company without cause or by Mr. Celaya for good reason within his first eighteen months of employment, 37.5 percent of this restricted stock grant will become vested as of the date of his termination. On the eighteen month anniversary of Mr. Celaya's start of employment, this acceleration provision will expire.
- 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.
- These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
- 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.
- This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
- Twenty-five percent of this restricted stock grant vested 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.
- 18/48th of this option grant vested on April 1, 2018 and thereafter 1/48th of the option grant will vest each month for thirty months.
- 15/48th of this option grant will vest on January 1, 2019 and thereafter 1/48th of the option grant will vest each month for thirty three months.
- Twenty-five percent of this restricted stock grant will vest on January 1, 2019 and thereafter 1/4th of the restricted stock grant will vest on each October 1, 2019, October 1, 2020, and October 1, 2021.
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