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Filing Details

Accession Number:: 0001235468-20-000011
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-01-06 16:36:44
Reporting Period:: 2020-01-02

Accepted Time:: 2020-01-06 16:36:44
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
1744584	Sam Guzman	C/O Liquidity Services, Inc. 6931 Arlington Road, Suite 200 Bethesda MD 20814	Vp & Chief Accounting Officer	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2020-01-02	775	$0.00	775	No	4	M	Direct
Common Stock	Disposition	2020-01-02	775	$5.92	0	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

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Employee Stock Grant	Disposition	2020-01-02	775	$0.00	3,100	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
2,325		2022-10-01	No	4	M	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Employee Stock Grant	$0.00	2028-08-01	30,000	30,000	Direct
Common Stock	Employee Stock Option	$6.11	2028-10-01	19,200	19,200	Direct
Common Stock	Employee Stock Grant	$0.00	2028-10-01	3,100	3,100	Direct
Common Stock	Employee Stock Option	$6.11	2028-10-01	19,200	19,200	Direct
Common Stock	Employee Stock Option	$6.69	2029-12-03	5,300	5,300	Direct
Common Stock	Employee Stock Option	$6.69	2029-12-03	5,300	5,300	Direct
Common Stock	Employee Stock Grant	$0.00	2024-01-01	2,250	2,250	Direct
Common Stock	Employee Stock Grant	$0.00	2024-01-01	2,250	2,250	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2028-08-01	30,000	30,000	Direct
2028-10-01	19,200	19,200	Direct
2028-10-01	3,100	3,100	Direct
2028-10-01	19,200	19,200	Direct
2029-12-03	5,300	5,300	Direct
2029-12-03	5,300	5,300	Direct
2024-01-01	2,250	2,250	Direct
2024-01-01	2,250	2,250	Direct

Footnotes

Represents the vesting of restricted stock.
Represents reporting person's advance election to sell upon vesting such restricted shares.
Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
Twenty-five percent of this restricted stock grant vested on August 1, 2019 and thereafter 1/4th of this restricted stock grant will vest on August 1, 2020, August 1, 2021, and August 1, 2022.
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.
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.
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.
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.
12/48th of this option grant will vest on January 1, 2021 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 January 1, 2021 and thereafter 1/4th of the restricted stock grant will vest on each of January 1, 2022, January 1, 2023 and January 1, 2024.