Filing Details

Accession Number:
0001235468-21-000083
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-02-19 17:26:29
Reporting Period:
2021-02-17
Accepted Time:
2021-02-19 17:26:29
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
1774667 John Daunt C/o Liquidity Services, Inc.
6931 Arlington Road Suite 200
Bethesda MD 20814
Chief Commercial 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 2021-02-17 10,000 $19.26 66,571 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 Employee Stock Option $10.30 2026-12-20 989 989 Direct
Common Stock Employee Stock Grant $0.00 2027-10-01 1,656 1,656 Direct
Common Stock Employee Stock Grant $0.00 2021-10-01 2,014 2,014 Direct
Common Stock Employee Stock Grant $0.00 2023-01-01 1,675 1,675 Direct
Common Stock Employee Stock Option $6.11 2028-12-04 14,033 14,033 Direct
Common Stock Employee Stock Option $6.11 2022-10-01 9,600 9,600 Direct
Common Stock Employee Stock Grant $0.00 2024-01-01 12,225 12,225 Direct
Common Stock Employee Stock Option $6.58 2029-04-29 7,781 7,781 Direct
Common Stock Employee Stock Option $6.58 2029-05-01 14,344 14,344 Direct
Common Stock Employee Stock Grant $0.00 2023-05-01 11,250 11,250 Direct
Common Stock Employee Stock Option $6.69 2029-12-03 33,681 33,681 Direct
Common Stock Employee Stock Option $6.69 2029-12-03 38,950 38,950 Direct
Common Stock Employee Stock Grant $0.00 2025-01-01 30,000 30,000 Direct
Common Stock Employee Stock Option $9.46 2030-12-01 61,200 61,200 Direct
Common Stock Employee Stock Option $9.46 2030-12-01 61,200 61,200 Direct
Common Stock Employee Stock Grant $0.00 2025-01-01 11,050 11,050 Direct
Common Stock Employee Stock Grant $0.00 2025-01-01 11,050 11,050 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2026-12-20 989 989 Direct
2027-10-01 1,656 1,656 Direct
2021-10-01 2,014 2,014 Direct
2023-01-01 1,675 1,675 Direct
2028-12-04 14,033 14,033 Direct
2022-10-01 9,600 9,600 Direct
2024-01-01 12,225 12,225 Direct
2029-04-29 7,781 7,781 Direct
2029-05-01 14,344 14,344 Direct
2023-05-01 11,250 11,250 Direct
2029-12-03 33,681 33,681 Direct
2029-12-03 38,950 38,950 Direct
2025-01-01 30,000 30,000 Direct
2030-12-01 61,200 61,200 Direct
2030-12-01 61,200 61,200 Direct
2025-01-01 11,050 11,050 Direct
2025-01-01 11,050 11,050 Direct
Footnotes
  1. 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.
  2. Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
  3. 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.
  4. Twenty-five percent of this restricted stock unit grant vested on April 1, 2019 and thereafter, an additional 1/4th vests on each of July 1, 2019, October 1, 2020, and October 1, 2021.
  5. 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.
  6. 15/48th of this option grant vested on January 1, 2020 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, 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 May 1, 2020 and thereafter, an additional 1/4th will vest on each of May 1, 2021, May 1, 2022 and May 1, 2023.
  9. Twenty-five percent of this restricted stock unit grant vested on May 1, 2020 and thereafter, an additional 1/4th vests on each of May 1, 2021, May 1, 2022 and May 1, 2023.
  10. 12/48th of this option grant vested on January 1, 2021 and thereafter, an additional 1/48th vests each month for thirty-six months.
  11. These restricted stock units vest, if at all, based on certain commercial contribution margin milestones of the issuer.
  12. 12/48th of this option grant will vest on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months.
  13. This option becomes exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
  14. These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
  15. 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.