Filing Details

Accession Number:
0001179110-10-014737
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-10-05 17:57:30
Reporting Period:
2010-10-01
Filing Date:
2010-10-05
Accepted Time:
2010-10-05 17:57:30
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
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 2010-10-01 2,355 $0.00 2,355 No 4 M Direct
Common Stock Disposition 2010-10-01 2,355 $15.97 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 Restricted Stock Grant Disposition 2010-10-01 2,355 $0.00 9,422 $9.05
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
7,067 2019-10-01 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 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
Common Stock Employee Stock Option $10.82 2015-07-30 193,485 193,485 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2019-10-01 29,481 29,481 Direct
2019-10-01 320,000 320,000 Direct
2015-07-30 193,485 193,485 Direct
Footnotes
  1. These restricted shares vested on October 1, 2010. The transactions in this Form 4 represent the number of these shares sold.
  2. 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.
  3. 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.
  4. This option becomes exercisable, if at all, based on the Issuer's Asset Recovery Division's achievement of certain financial milestones.
  5. 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.