Filing Details

Accession Number:
0001235468-21-000120
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-05-20 16:41:23
Reporting Period:
2021-05-18
Accepted Time:
2021-05-20 16:41:23
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
1352618 Iii P William Angrick C/O Liquidity Services, Inc.
6931 Arlington Road, Suite 200
Bethesda MD 20814
Chairman Of The Board And Ceo Yes Yes Yes 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 2021-05-18 92,948 $26.72 5,530,190 No 4 S Indirect By the William P. Angrick III Revocable Trust
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect By the William P. Angrick III Revocable Trust
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 873,379 Indirect By the William P. Angrick III 2005 Irrevocable Trust
Common Stock 575,513 Indirect By the Stephanie S. Angrick 2005 Irrevocable Trust
Common Stock 114,699 Indirect By the Stephanie S. Angrick Revocable Trust
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Employee Stock Grant $0.00 2021-10-01 2,050 2,050 Direct
Common Stock Employee Stock Option $37.72 2021-12-02 32,139 32,139 Direct
Common Stock Employee Stock Option $9.13 2022-03-02 48,000 48,000 Direct
Common Stock Employee Stock Option $9.13 2022-03-02 27,360 27,360 Direct
Common Stock Employee Stock Option $46.72 2022-11-27 14,695 14,695 Direct
Common Stock Employee Stock Option $4.92 2022-12-11 87,080 87,080 Direct
Common Stock Employee Stock Option $4.92 2022-12-11 130,620 130,620 Direct
Common Stock Employee Stock Grant $0.00 2023-01-01 8,650 8,650 Direct
Common Stock Employee Stock Option $24.19 2023-11-27 48,122 48,122 Direct
Common Stock Employee Stock Option $6.72 2023-12-04 124,200 124,200 Direct
Common Stock Employee Stock Option $6.72 2023-12-04 124,200 124,200 Direct
Common Stock Employee Stock Grant $0.00 2024-01-01 41,025 41,025 Direct
Common Stock Employee Stock Option $7.36 2024-12-03 139,900 139,900 Direct
Common Stock Employee Stock Option $7.36 2024-12-03 139,900 139,900 Direct
Common Stock Employee Stock Grant $0.00 2025-01-01 23,700 23,700 Direct
Common Stock Employee Stock Grant $0.00 2025-01-01 23,700 23,700 Direct
Common Stock Employee Stock Option $10.41 2025-12-01 131,950 131,950 Direct
Common Stock Employee Stock Option $10.41 2025-12-01 131,950 131,950 Direct
Common Stock Employee Stock Option $7.29 2025-12-22 56,193 56,193 Direct
Common Stock Employee Stock Grant $0.00 2026-10-01 32,358 32,358 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2021-10-01 2,050 2,050 Direct
2021-12-02 32,139 32,139 Direct
2022-03-02 48,000 48,000 Direct
2022-03-02 27,360 27,360 Direct
2022-11-27 14,695 14,695 Direct
2022-12-11 87,080 87,080 Direct
2022-12-11 130,620 130,620 Direct
2023-01-01 8,650 8,650 Direct
2023-11-27 48,122 48,122 Direct
2023-12-04 124,200 124,200 Direct
2023-12-04 124,200 124,200 Direct
2024-01-01 41,025 41,025 Direct
2024-12-03 139,900 139,900 Direct
2024-12-03 139,900 139,900 Direct
2025-01-01 23,700 23,700 Direct
2025-01-01 23,700 23,700 Direct
2025-12-01 131,950 131,950 Direct
2025-12-01 131,950 131,950 Direct
2025-12-22 56,193 56,193 Direct
2026-10-01 32,358 32,358 Direct
Footnotes
  1. These shares are held in a trust for the benefit of the reporting person. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of the securities for the purposes of Section 16 or for any other purpose.
  2. These shares are held in a trust for the benefit of the reporting person's spouse, who is also trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of the securities for the purposes of Section 16 or for any other purpose.
  3. Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
  4. 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.
  5. These options became fully exercisable on October 1, 2015.
  6. These options became fully exercisable on October 1, 2020.
  7. These options become exercisable, if at all, based on the issuer's achievement of certain financial milestones.
  8. These options became fully exercisable on October 1, 2016.
  9. 15/48th of this option grant vested on January 1, 2019 and thereafter, an additional 1/48th vests each month for thirty three months.
  10. 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.
  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. These options became fully exercisable on October 1, 2017.
  13. 15/48th of this option grant vested on January 1, 2020 and thereafter, an additional 1/48th will vest each month for thirty-three months.
  14. 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.
  15. 12/48th of this option grant vested on January 1, 2021 and thereafter, an additional 1/48th vests each month for thirty-six months.
  16. 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.
  17. These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
  18. These options vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
  19. 12/48th of this option grant will vest on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months.
  20. These options became fully exercisable on October 1, 2019.
  21. These restricted stock units will vest, if at all, based on the issuer's achievement of certain financial milestones.