Filing Details

Accession Number:
0001628280-19-000271
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-01-11 16:04:57
Reporting Period:
2019-01-10
Accepted Time:
2019-01-11 16:04:57
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
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 2019-01-10 9,816 $7.65 9,816 No 4 J Direct
Common Stock Disposition 2019-01-10 9,816 $7.65 0 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 J 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 2019-01-10 9,816 $7.65 24,540 $4.47
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
14,724 2027-10-01 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 Option $10.41 2024-10-01 12,675 12,675 Direct
Common Stock Employee Stock Grant $6.63 2025-10-01 6,380 6,380 Direct
Common Stock Employee Stock Grant $6.63 2025-10-01 1,595 1,595 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 3,925 3,925 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
Common Stock Employee Stock Option $4.47 2027-10-01 93,420 93,420 Direct
Common Stock Employee Stock Option $4.47 2027-10-01 62,280 62,280 Direct
Common Stock Employee Stock Grant $4.47 2027-10-01 12,270 12,270 Direct
Common Stock Employee Stock Option $6.11 2028-10-01 36,550 36,550 Direct
Common Stock Employee Stock Grant $6.11 2028-10-01 5,950 5,950 Direct
Common Stock Employee Stock Option $6.11 2028-10-01 36,550 36,550 Direct
Common Stock Employee Stock Grant $6.11 2028-10-01 5,950 5,950 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
2024-10-01 12,675 12,675 Direct
2025-10-01 6,380 6,380 Direct
2025-10-01 1,595 1,595 Direct
2025-10-01 13,987 13,987 Direct
2025-10-01 3,497 3,497 Direct
2026-10-01 3,925 3,925 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
2027-10-01 93,420 93,420 Direct
2027-10-01 62,280 62,280 Direct
2027-10-01 12,270 12,270 Direct
2028-10-01 36,550 36,550 Direct
2028-10-01 5,950 5,950 Direct
2028-10-01 36,550 36,550 Direct
2028-10-01 5,950 5,950 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 stock units 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. These options became fully vested on October 1, 2017.
  12. 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.
  13. 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.
  14. 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.
  15. 75% of the options were certified as vested on December 6, 2018. The remaining options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
  16. 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.
  17. 18/48th of this option grant vested on April 1, 2018 and thereafter 1/48th of this option grant will vest each month for thirty months.
  18. This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
  19. This option becomes exercisable, if at all, based on total shareholder return (TSR) milestones. TSR is calculated based on the change in a the issuer's stock price during the performance period, taking into account any dividends paid during that period, which are assumed to be reinvested in the stock
  20. These restricted stock units vest, if at all, based on total shareholder return (TSR) milestones. TSR is calculated based on the change in a the issuer's stock price during the performance period, taking into account any dividends paid during that period, which are assumed to be reinvested in the stock.
  21. 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.
  22. Twenty-five percent of this restricted stock grant vested 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.
  23. 15/48th of this option grant will vest on January 1, 2020 and thereafter 1/48th of the option grant will vest each month for thirty three months.
  24. Twenty-five percent of this restricted stock grant will vest on January 1, 2020 and thereafter 1/4th of the restricted stock grant will vest on each October 1, 2020, October 1, 2021, and October 1, 2022.