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
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
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
Sec. Name Sec. Type Price Date 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
  1. Represents the vesting of restricted stock.
  2. Represents reporting person's advance election to sell upon vesting such restricted shares.
  3. Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
  4. 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.
  5. 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.
  6. 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.
  7. 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.
  8. 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.
  9. 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.
  10. 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.