Filing Details

Accession Number:
0001235468-21-000073
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-02-11 17:51:17
Reporting Period:
2021-02-10
Accepted Time:
2021-02-11 17:51:17
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
1774016 Nicholas Rozdilsky C/O Liquidity Services, Inc.
6931 Arlington Road, Suite 200
Bethesda MD 20814
Chief Marketing 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 Disposition 2021-02-10 4,300 $17.32 27,441 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Restricted Stock Grant $0.00 2022-08-01 18,750 18,750 Direct
Common Stock Employee Stock Option $6.95 2028-08-01 25,000 25,000 Direct
Common Stock Employee Stock Grant $0.00 2023-01-01 2,100 2,100 Direct
Common Stock Employee Stock Option $6.11 2028-12-04 16,103 16,103 Direct
Common Stock Employee Stock Option $6.11 2028-12-04 25,900 25,900 Direct
Common Stock Employee Stock Grant $0.00 2024-01-01 9,187 9,187 Direct
Common Stock Employee Stock Option $6.69 2029-12-03 29,200 29,200 Direct
Common Stock Employee Stock Option $6.69 2029-12-03 29,200 29,200 Direct
Common Stock Employee Stock Option $9.46 2030-12-01 38,800 38,800 Direct
Common Stock Employee Stock Option $9.46 2030-12-01 38,800 38,800 Direct
Common Stock Employee Stock Grant $0.00 2025-01-01 7,000 7,000 Direct
Common Stock Employee Stock Grant $0.00 2025-01-01 7,000 7,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2022-08-01 18,750 18,750 Direct
2028-08-01 25,000 25,000 Direct
2023-01-01 2,100 2,100 Direct
2028-12-04 16,103 16,103 Direct
2028-12-04 25,900 25,900 Direct
2024-01-01 9,187 9,187 Direct
2029-12-03 29,200 29,200 Direct
2029-12-03 29,200 29,200 Direct
2030-12-01 38,800 38,800 Direct
2030-12-01 38,800 38,800 Direct
2025-01-01 7,000 7,000 Direct
2025-01-01 7,000 7,000 Direct
Footnotes
  1. Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
  2. Twenty-five percent of this restricted stock grant vested on August 1, 2019 and thereafter, an additional 1/4th will vest on each of August 1, 2020, August 1, 2021, and August 1, 2022.
  3. Twenty-five percent of this option grant vested on August 1, 2019 and thereafter, an additional 1/48th will vest each month for thirty-six months.
  4. 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.
  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. 15/48th of this option grant will vest on January 1, 2020 and thereafter, an additional 1/48th will vest each month for thirty-three months.
  7. Twenty-five percent of this restricted stock 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.
  8. 12/48th of this option grant vested on January 1, 2021 and, thereafter, an additional 1/48th vests each month for thirty-six months.
  9. This option becomes exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
  10. 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.
  11. These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
  12. 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.