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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
1352659	M James Rallo	C/O Liquidity Services, Inc. 1920 L Street, N.w., 6Th Floor Washington DC 20036	Cfo, Treasurer	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
Common Stock	Acquisiton	2010-10-12	25,000	$7.00	29,000	No	4	M	Direct
Common Stock	Disposition	2010-10-12	25,000	$16.05	4,000	No	4	S	Direct
Common Stock	Acquisiton	2010-10-13	25,000	$7.00	29,000	No	4	M	Direct
Common Stock	Disposition	2010-10-13	25,000	$16.24	4,000	No	4	S	Direct
Common Stock	Acquisiton	2010-10-14	6,124	$7.00	10,124	No	4	M	Direct
Common Stock	Acquisiton	2010-10-14	18,876	$7.48	29,000	No	4	M	Direct
Common Stock	Disposition	2010-10-14	25,000	$16.74	4,000	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
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	2010-10-12	25,000	$7.00	56,124	$7.00
Common Stock	Employee Stock Option	Disposition	2010-10-13	25,000	$7.00	31,124	$7.00
Common Stock	Employee Stock Option	Disposition	2010-10-14	6,124	$7.00	6,124	$7.00
Common Stock	Employee Stock Option	Disposition	2010-10-14	18,876	$7.48	140,000	$7.48

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
31,124	2015-10-28	No	4	M	Direct
6,124	2015-10-28	No	4	M	Direct
0	2015-10-28	No	4	M	Direct
121,124	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 Option	$12.89		2016-03-30	16,876	16,876	Direct
Common Stock	Employee Stock Option	$10.93		2017-10-01	70,000	70,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2016-03-30	16,876	16,876	Direct
2017-10-01	70,000	70,000	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 September 13, 2010.
On October 28, 2005, the reporting person was granted an option to purchase 75,000 shares of common stock. On February 28, 2006, the option vested as to 10% (7,500 shares) upon the completion of the Company's initial public offering; the remaining 90% (67,500 shares) vested upon delivery of the Company's independent accountants of an unqualified opinion on management's assessment of the Company's internal control over financial reporting in accordance with Section 404 of the Sarbanes-Oxley Act.
These options became fully vested on March 30, 2010.
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.
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.