Filing Details
- Accession Number:
- 0001235468-21-000116
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-05-13 17:00:38
- Reporting Period:
- 2021-05-11
- Accepted Time:
- 2021-05-13 17:00:38
- 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 | Disposition | 2021-05-11 | 22,188 | $26.59 | 33,621 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2021-05-12 | 3,400 | $28.67 | 30,221 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2021-05-13 | 2,234 | $6.11 | 32,455 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2021-05-13 | 2,234 | $27.44 | 30,221 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| 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 | 2021-05-12 | 1,947 | $0.00 | 14,926 | $6.11 |
| Common Stock | Employee Stock Option | Disposition | 2021-05-12 | 1,825 | $0.00 | 21,292 | $6.69 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 12,979 | 2028-12-04 | No | 4 | M | Direct | |
| 19,467 | 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 | $4.47 | 2027-12-11 | 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 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 |
| 2027-12-11 | 2,280 | 2,280 | Direct |
| 2021-10-01 | 310 | 310 | Direct |
| 2023-01-01 | 2,525 | 2,525 | 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
- The reporting person exercised 3,772 stock options on a share withhold basis. 1,538 shares were withheld to cover the cost of the options as well as related taxes resulting in a net amount of 2,234 share acquired.
- The reporting person exercised a total of 3,772 options, of which 1,947 had an exercise price of $6.11 and 1,825 of which had an exercise price of $6.69.
- Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
- These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
- 15/48th of this option grant vested on January 1, 2019 and thereafter, an additional 1/48th vests each month for thirty-three months.
- 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.
- Represents the exercise of stock options.
- 15/48th of this option grant vested on January 1, 2020 and thereafter, an additional 1/48th vests each month for thirty-three months.
- 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.
- 12/48th of this option grant vested on January 1, 2021 and thereafter, an additional 1/48th vests each month for thirty-six months.
- 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.
- 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.
- This option becomes exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
- These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
- 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.
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