Filing Details

Accession Number:
0001179110-12-009160
Form Type:
4
Zero Holdings:
No
Publication Time:
2012-05-25 17:10:48
Reporting Period:
2012-05-23
Filing Date:
2012-05-25
Accepted Time:
2012-05-25 17:10:48
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
1352618 Iii P William Angrick C/O Liquidity Services, Inc.
1920 L Street, N.w., 6Th Floor
Washington DC 20036
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 2012-05-23 66,233 $63.05 4,370,193 No 4 S Indirect By the William P. Angrick III Revocable Trust
Common Stock Disposition 2012-05-24 13,767 $63.01 4,356,426 No 4 S Indirect By the William P. Angrick III Revocable Trust
Common Stock Disposition 2012-05-25 7,424 $63.06 4,349,002 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
No 4 S Indirect By the William P. Angrick III Revocable Trust
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 307,242 Direct
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 $37.72 2021-10-01 17,717 17,717 Direct
Common Stock Employee Stock Option $37.72 2021-10-01 32,139 32,139 Direct
Common Stock Employee Stock Grant $17.02 2020-10-01 32,832 32,832 Direct
Common Stock Employee Stock Option $17.02 2020-10-01 29,625 29,625 Direct
Common Stock Employee Stock Grant $17.02 2020-10-01 15,603 15,603 Direct
Common Stock Employee Stock Grant $9.96 2019-10-01 17,557 17,557 Direct
Common Stock Employee Stock Option $9.96 2019-10-01 59,362 59,362 Direct
Common Stock Employee Stock Option $8.23 2018-10-01 23,334 23,334 Direct
Common Stock Employee Stock Option $12.02 2017-10-01 3,501 3,501 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2021-10-01 17,717 17,717 Direct
2021-10-01 32,139 32,139 Direct
2020-10-01 32,832 32,832 Direct
2020-10-01 29,625 29,625 Direct
2020-10-01 15,603 15,603 Direct
2019-10-01 17,557 17,557 Direct
2019-10-01 59,362 59,362 Direct
2018-10-01 23,334 23,334 Direct
2017-10-01 3,501 3,501 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. Twenty-five percent of this restricted stock grant will vest on October 1, 2012 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years.
  4. Twenty-five percent of this option grant will vest on October 1, 2012 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
  5. 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.
  6. 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.
  7. These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
  8. Twenty-five percent of this restricted stock grant vested on October 1, 2010 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years.
  9. Twenty-five percent of this option grant vested on October 1, 2010 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
  10. Twenty-five percent of this option grant vested on October 1, 2009 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
  11. Twenty-five percent of this option grant vested on October 1, 2008 and thereafter 1/48th of the option grant will vest each month for thirty-six months.