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Filing Details

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
1294242	Cayce G Roy	C/O Liquidity Services, Inc. 1920 L Street, N.w., 6Th Floor Washington DC 20036	Exec. Vp/Pres. Asset Recovery	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	2010-09-24	15,000	$10.82	15,000	No	4	M	Direct
Common Stock	Disposition	2010-09-24	15,000	$15.82	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	2010-09-24	15,000	$10.82	208,485	$10.82

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
193,485		2018-07-30	No	4	M	Direct

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Restricted Stock Grant	$9.05	2019-10-01	9,422	9,422	Direct
Common Stock	Employee Stock Option	$9.05	2019-10-01	29,481	29,481	Direct
Common Stock	Employee Stock Option	$10.82	2019-10-01	320,000	320,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2019-10-01	9,422	9,422	Direct
2019-10-01	29,481	29,481	Direct
2019-10-01	320,000	320,000	Direct

Footnotes

The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 23, 2010.
Twenty-five percent of this restricted stock grant will vest on October 1, 2010 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years.
Twenty-five percent of this option grant will vest on October 1, 2010 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
This option becomes vested and exercisable, if at all, based on the Issuer's Asset Recovery Division's achievement of certain financial milestones.
Twenty-five percent of this option grant vested on August 25, 2009 and thereafter 1/48th of the option grant will vest each month for thirty-six months.