Filing Details

Accession Number:
0001179110-11-014841
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-11-04 17:50:29
Reporting Period:
2011-11-02
Filing Date:
2011-11-04
Accepted Time:
2011-11-04 17:50:29
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1235468 Liquidity Services Inc LQDT Services-Business Services, Nec (7389) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1415732 C. Eric Dean C/O Liquidity Services, Inc.
1920 L Street, N.w., 6Th Floor
Washington DC 20036
Chief Information 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 Acquisiton 2011-11-02 2,000 $7.48 2,000 No 4 M Direct
Common Stock Disposition 2011-11-02 2,000 $30.23 0 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
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 2011-11-02 2,000 $7.48 48,005 $7.48
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
46,005 2018-10-01 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 $15.47 2020-10-01 7,569 7,569 Direct
Common Stock Employee Stock Option $15.47 2020-10-01 14,911 14,911 Direct
Common Stock Employee Stock Grant $15.47 2020-10-01 15,000 15,000 Direct
Common Stock Employee Stock Option $13.56 2017-10-15 250,000 250,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2020-10-01 7,569 7,569 Direct
2020-10-01 14,911 14,911 Direct
2020-10-01 15,000 15,000 Direct
2017-10-15 250,000 250,000 Direct
Footnotes
  1. The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 12, 2011.
  2. Twenty-five percent of this restricted stock grant vested on October 1, 2011 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years.
  3. Twenty-five percent of this option grant vested on October 1, 2011 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
  4. These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
  5. Twenty percent of this option grant vested on October 1, 2009 and thereafter 1/60th of the option grant will vest each month for forty-eight months.
  6. Twenty-five percent of this option grant vested on 10/15/2008, and thereafter, 1/48th of the option grant will vest each month for thirty-six months.