Filing Details

Accession Number:
0001235468-22-000058
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-03-31 20:15:00
Reporting Period:
2022-03-31
Accepted Time:
2022-03-31 20:15:00
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 2022-03-31 4,594 $17.85 71,971 No 4 S Indirect By the Daunt Family Trust
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect By the Daunt Family 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 2027-10-01 1,656 1,656 Direct
Common Stock Employee Stock Grant $0.00 2023-01-01 837 837 Direct
Common Stock Employee Stock Option $6.11 2028-12-04 14,033 14,833 Direct
Common Stock Employee Stock Option $6.11 2028-12-04 10,400 10,400 Direct
Common Stock Employee Stock Grant $0.00 2024-01-01 8,150 8,150 Direct
Common Stock Employee Stock Option $6.58 2029-04-29 10,458 10,458 Direct
Common Stock Employee Stock Option $6.58 2029-04-29 11,667 11,667 Direct
Common Stock Employee Stock Grant $0.00 2023-05-01 7,500 7,500 Direct
Common Stock Employee Stock Option $6.69 2029-12-03 38,950 38,950 Direct
Common Stock Employee Stock Option $6.69 2029-12-03 25,566 25,566 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 8,287 8,287 Direct
Common Stock Employee Stock Option $22.20 2031-12-07 7,740 7,740 Direct
Common Stock Employee Stock Option $22.20 2031-12-07 7,740 7,740 Direct
Common Stock Employee Stock Grant $0.00 2026-01-01 8,720 8,720 Direct
Common Stock Employee Stock Grant $0.00 2026-01-01 8,720 8,720 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2027-10-01 1,656 1,656 Direct
2023-01-01 837 837 Direct
2028-12-04 14,033 14,833 Direct
2028-12-04 10,400 10,400 Direct
2024-01-01 8,150 8,150 Direct
2029-04-29 10,458 10,458 Direct
2029-04-29 11,667 11,667 Direct
2023-05-01 7,500 7,500 Direct
2029-12-03 38,950 38,950 Direct
2029-12-03 25,566 25,566 Direct
2030-12-01 61,200 61,200 Direct
2030-12-01 61,200 61,200 Direct
2025-01-01 8,287 8,287 Direct
2031-12-07 7,740 7,740 Direct
2031-12-07 7,740 7,740 Direct
2026-01-01 8,720 8,720 Direct
2026-01-01 8,720 8,720 Direct
Footnotes
  1. The sales reported in this Form 4 were effected pursuant to that certain Agreement to Establish an Irrevocable Limit Order Selling Plan by and between the Daunt Family Trust Revocable Trust and RBC Capital Markets, dated December 17, 2021 and comporting with the requirements of Rule 10b5-1
  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 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 January 1, 2020 and thereafter, an additional 1/4th vests on each of January 1, 2021, January 1, 2022, and January 1, 2023.
  5. These options become exercisable, if at all, based on total shareholder return (TSR) milestones. TSR is calculated based on the change in 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 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, 1/48th will vest each month for thirty-six months.
  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. 12/48th of this option grant vested on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months.
  12. This option becomes exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
  13. Twenty-five percent of this restricted stock unit grant vested 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.
  14. 12/48th of this option grant will vest on January 1, 2023 and thereafter, an additional 1/48th will vest each month for thirty-six months.
  15. Twenty-five percent of this restricted stock unit grant will vest on January 1, 2023 and thereafter, an additional 1/4th will vest on each of January 1, 2024, January 1, 2025 and January 1, 2026.
  16. These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.