Filing Details

Accession Number:
0001179110-11-006152
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-04-06 19:20:18
Reporting Period:
2011-04-04
Filing Date:
2011-04-06
Accepted Time:
2011-04-06 19:20:18
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
1207712 A Phillip Clough 400 East Pratt Street, Suite 910
Baltimore MD 21202-3116
Yes No 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 2011-04-04 6,031 $19.51 1,320,659 No 4 S Indirect See footnote
Common Stock Disposition 2011-04-05 25,000 $19.50 1,295,659 No 4 S Indirect See footnote
Common Stock Disposition 2011-04-06 7,118 $19.70 1,288,541 No 4 S Indirect See footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect See footnote
No 4 S Indirect See footnote
No 4 S Indirect See footnote
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 17,740 Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Employee Stock Option $12.89 2016-04-03 20,000 20,000 Direct
Common Stock Employee Stock Option $14.75 2016-10-02 9,393 9,393 Direct
Common Stock Employee Stock Option $11.19 2017-10-01 8,560 8,560 Direct
Common Stock Employee Stock Option $11.66 2018-06-03 15,082 15,082 Direct
Common Stock Employee Stock Option $8.55 2019-04-28 21,086 21,086 Direct
Common Stock Employee Stock Option $10.70 2020-02-01 18,612 18,612 Direct
Common Stock Employee Stock Option $14.30 2021-02-01 15,012 15,012 Direct
Common Stock Restricted Stock Grant $14.30 2021-02-01 2,517 2,517 Direct
Common Stock Restricted Stock Grant $14.30 2021-02-01 2,098 2,098 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2016-04-03 20,000 20,000 Direct
2016-10-02 9,393 9,393 Direct
2017-10-01 8,560 8,560 Direct
2018-06-03 15,082 15,082 Direct
2019-04-28 21,086 21,086 Direct
2020-02-01 18,612 18,612 Direct
2021-02-01 15,012 15,012 Direct
2021-02-01 2,517 2,517 Direct
2021-02-01 2,098 2,098 Direct
Footnotes
  1. The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 10, 2010.
  2. Consists of the following shares sold by the following entities: (a) 5,300 shares by ABS Capital Partners VI, LP ("ABS VI"), (b) 101 shares by ABS Capital Partners VI-A, LP ("ABS VI-A"), and (c) 630 shares by ABS Capital Partners VI Offshore, LP ("ABS Capital Partners VI Offshore" and together with ABS VI and ABS VI-A, the "ABS Entities"). ABS Partners VI, LLC is the general partner of the ABS Entities and has voting and dispositive powers over these shares. The address for these entities affiliated with ABS Capital Partners is 400 East Pratt Street, Suite 910, Baltimore, MD 21202-3116.
  3. Consists of the following shares held by the following entities: (a) 1,160,595 shares by ABS Capital Partners VI, LP ("ABS VI"), (b) 22,108 shares by ABS Capital Partners VI-A, LP ("ABS VI-A"), and (c) 137,956 shares by ABS Capital Partners VI Offshore, LP ("ABS Capital Partners VI Offshore" and together with ABS VI and ABS VI-A, the "ABS Entities"). ABS Partners VI, LLC is the general partner of the ABS Entities and has voting and dispositive powers over these shares. The address for these entities affiliated with ABS Capital Partners is 400 East Pratt Street, Suite 910, Baltimore, MD 21202-3116.
  4. Mr. Philip Clough is a managing member of ABS Partners VI, LLC, the general partner of the ABS Entities. Mr. Clough disclaims beneficial ownership of these shares except to the extent of his pecuniary interest. The address for these entities affiliated with ABS Capital Partners is 400 East Pratt Street, Suite 910, Baltimore, MD 21202-3116.
  5. Consists of the following shares sold by the following entities: (a) 21,970 shares by ABS Capital Partners VI, LP ("ABS VI"), (b) 418 shares by ABS Capital Partners VI-A, LP ("ABS VI-A"), and (c) 2,612 shares by ABS Capital Partners VI Offshore, LP ("ABS Capital Partners VI Offshore" and together with ABS VI and ABS VI-A, the "ABS Entities"). ABS Partners VI, LLC is the general partner of the ABS Entities and has voting and dispositive powers over these shares. The address for these entities affiliated with ABS Capital Partners is 400 East Pratt Street, Suite 910, Baltimore, MD 21202-3116.
  6. Consists of the following shares held by the following entities: (a) 1,138,625 shares by ABS Capital Partners VI, LP ("ABS VI"), (b) 21,690 shares by ABS Capital Partners VI-A, LP ("ABS VI-A"), and (c) 135,344 shares by ABS Capital Partners VI Offshore, LP ("ABS Capital Partners VI Offshore" and together with ABS VI and ABS VI-A, the "ABS Entities"). ABS Partners VI, LLC is the general partner of the ABS Entities and has voting and dispositive powers over these shares. The address for these entities affiliated with ABS Capital Partners is 400 East Pratt Street, Suite 910, Baltimore, MD 21202-3116.
  7. Consists of the following shares sold by the following entities: (a) 6,255 shares by ABS Capital Partners VI, LP ("ABS VI"), (b) 119 shares by ABS Capital Partners VI-A, LP ("ABS VI-A"), and (c) 744 shares by ABS Capital Partners VI Offshore, LP ("ABS Capital Partners VI Offshore" and together with ABS VI and ABS VI-A, the "ABS Entities"). ABS Partners VI, LLC is the general partner of the ABS Entities and has voting and dispositive powers over these shares. The address for these entities affiliated with ABS Capital Partners is 400 East Pratt Street, Suite 910, Baltimore, MD 21202-3116.
  8. Consists of the following shares held by the following entities: (a) 1,132,370 shares by ABS Capital Partners VI, LP ("ABS VI"), (b) 21,571 shares by ABS Capital Partners VI-A, LP ("ABS VI-A"), and (c) 134,600 shares by ABS Capital Partners VI Offshore, LP ("ABS Capital Partners VI Offshore" and together with ABS VI and ABS VI-A, the "ABS Entities"). ABS Partners VI, LLC is the general partner of the ABS Entities and has voting and dispositive powers over these shares. The address for these entities affiliated with ABS Capital Partners is 400 East Pratt Street, Suite 910, Baltimore, MD 21202-3116.
  9. These options became fully vested on April 3, 2008.
  10. These options became fully vested on October 2, 2007.
  11. These options became fully vested on October 1, 2008.
  12. These options became fully vested on April 29, 2009.
  13. These options became fully vested on February 18, 2010.
  14. These options became fully vested on February 1, 2011.
  15. These options have a one-year vesting period such that 100% of this option grant will vest on February 1, 2012.
  16. These restricted shares have a one-year vesting period such that 100% of this restricted share grant will vest on February 1, 2012.
  17. These restricted shares have a one-year vesting period such that 100% of this restricted share grant will vest on February 1, 2012.