Filing Details

Accession Number:
0001179110-10-004368
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-03-03 12:00:00
Reporting Period:
2010-03-01
Filing Date:
2010-03-03
Accepted Time:
2010-03-03 17:17:45
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
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 2010-03-01 5,955 $12.75 38,614 No 4 S Direct
Common Stock Disposition 2010-03-02 8,490 $12.81 30,124 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 S Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date 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
  1. 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.
  2. These options became fully vested on March 25, 2009.
  3. Twenty-five percent of this option grant vested on March 30, 2007, with the remaining options vesting in monthly installments through March 30, 2010.
  4. 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.
  5. 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.
  6. These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.