Home > Insider Trading > Filing (0001179110-10-003646)

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	Explanation
Common Stock	Disposition	2010-02-22	13,478	$12.76	64,063	No	4	S	Direct
Common Stock	Disposition	2010-02-24	19,494	$12.75	44,569	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	S	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	4,270	Indirect	By wife
Common Stock	325	Indirect	By son
Common Stock	185	Indirect	By daughter

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Employee Stock Option	$7.00	2015-10-28	67,500	67,500	Direct
Common Stock	Employee Stock Option	$2.00	2015-02-24	12,500	12,500	Direct
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
Common Stock	Employee Stock Option	$7.48	2018-10-01	140,000	140,000	Direct
Common Stock	Restricted Share Grant	$9.05	2019-10-01	12,000	12,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2015-10-28	67,500	67,500	Direct
2015-02-24	12,500	12,500	Direct
2016-03-30	16,876	16,876	Direct
2017-10-01	70,000	70,000	Direct
2018-10-01	140,000	140,000	Direct
2019-10-01	12,000	12,000	Direct

Footnotes

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 25, 2009.
Twenty-five percent of this option grant vested on March 30, 2007, with the remaining options vesting in monthly installments through 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 therafter 1/60th of the option grant will vest each month for forty-eight months.
These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.