Filing Details

Accession Number:
0001235468-21-000063
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-02-09 17:02:24
Reporting Period:
2021-02-05
Accepted Time:
2021-02-09 17:02:24
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
1677053 A Mark Shaffer C/o Liquidity Services, Inc.
6931 Arlington Road, Sutie 200
Bethesda MD 20814
Chief Legal Officer & Corp Sec 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 2021-02-05 38,291 $6.11 112,250 No 4 M Direct
Common Stock Disposition 2021-02-05 20,000 $17.19 92,250 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 Option Disposition 2021-02-05 31,150 $0.00 31,150 $6.11
Common Stock Employee Stock Option Disposition 2021-02-05 649 $0.00 17,845 $6.11
Common Stock Employee Stock Option Disposition 2021-02-05 29,200 $0.00 29,200 $6.69
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2028-12-04 No 4 M Direct
17,196 2028-12-04 No 4 M Direct
0 2029-12-03 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 2020-09-30 3,806 3,806 Direct
Common Stock Employee Stock Option $8.30 2026-10-01 2,258 2,258 Direct
Common Stock Employee Stock Option $4.47 2027-10-01 2,280 2,280 Direct
Common Stock Employee Stock Grant $0.00 2021-10-01 310 310 Direct
Common Stock Employee Stock Grant $0.00 2023-01-01 2,525 2,525 Direct
Common Stock Employee Stock Option $6.69 2029-12-03 23,058 23,058 Direct
Common Stock Employee Stock Grant $0.00 2024-01-01 9,187 9,187 Direct
Common Stock Employee Stock Option $9.46 2030-12-01 42,400 42,400 Direct
Common Stock Employee Stock Option $9.46 2030-12-01 42,400 42,400 Direct
Common Stock Employee Stock Grant $0.00 2025-01-01 7,650 7,650 Direct
Common Stock Employee Stock Grant $0.00 2025-01-01 7,650 7,650 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2020-09-30 3,806 3,806 Direct
2026-10-01 2,258 2,258 Direct
2027-10-01 2,280 2,280 Direct
2021-10-01 310 310 Direct
2023-01-01 2,525 2,525 Direct
2029-12-03 23,058 23,058 Direct
2024-01-01 9,187 9,187 Direct
2030-12-01 42,400 42,400 Direct
2030-12-01 42,400 42,400 Direct
2025-01-01 7,650 7,650 Direct
2025-01-01 7,650 7,650 Direct
Footnotes
  1. The reporting person exercised 60,999 stock options on a share withhold basis. 22,708 shares were withheld to cover the cost of the options as well as related taxes resulting in a net amount of 38,291 shares acquired.
  2. The reporting person exercised a total of 60,999 options, 31,799 of which had an exercise price of $6.11 and 29,200 of which had an exercise price of $6.69.
  3. Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
  4. These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
  5. These options become exercisable, if at all, based on the issuer's achievement of certain financial milestones.
  6. 15/48th of this option grant vested on January 1, 2019 and thereafter, an additional 1/48th vests each month for thirty-three months.
  7. Twenty-five percent of this restricted stock unit grant vested on January 1, 2019 and thereafter, an additional 1/4th vests on each of October 1, 2019, October 1, 2020, and October 1, 2021.
  8. Represents the exercise of stock options.
  9. These options become 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
  10. 15/48th of this option grant vested on January 1, 2020 and thereafter, an additional 1/48th vests each month for thirty-three months.
  11. Twenty-five percent of this restricted stock unit grant vested on January 1, 2020 and thereafter, an additional 1/4th vests on each of January 1, 2021, January 1, 2022, and January 1, 2023.
  12. 12/48th of this option grant vested on January 1, 2021 and thereafter, an additional 1/48th vests each month for thirty-six months.
  13. Twenty-five percent of this restricted stock unit grant vested on January 1, 2021 and thereafter, an additional 1/4th vests on each of January 1, 2022, January 1, 2023 and January 1, 2024.
  14. 12/48th of this option grant will vest on January 1, 2022 and thereafter, an additional 1/48th will vest each month for thirty-six months.
  15. This option becomes exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
  16. These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
  17. Twenty-five percent of this restricted stock unit grant will vest on January 1, 2022 and thereafter, an additional 1/4th will vest on each of January 1, 2023, January 1, 2024 and January 1, 2025.