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Filing Details

Accession Number:: 0001179110-16-027404
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2016-07-05 18:51:17
Reporting Period:: 2016-07-01

Filing Date:: 2016-07-05
Accepted Time:: 2016-07-05 18:51:17
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	President Rscg	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2016-07-01	3,054	$7.92	3,054	No	4	J	Direct
Common Stock	Disposition	2016-07-01	3,054	$7.92	0	No	4	S	Direct

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

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Employee Stock Grant	Disposition	2016-07-01	3,054	$7.92	6,108	$29.47

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
3,054		2023-07-18	No	4	J	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	15,039	Indirect	By James M. Rallo 401k
Common Stock	8,000	Indirect	By James M. Rallo IRA
Common Stock	685	Indirect	By James M. Rallo Cust. Michael Rallo MD UTMA
Common Stock	460	Indirect	By James M. Rallo Cust. Melissa Rallo MD UTMA

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Employee Stock Option	$7.48	2018-10-01	2,338	2,338	Direct
Common Stock	Employee Stock Option	$15.47	2020-10-01	6,678	6,678	Direct
Common Stock	Employee Stock Grant	$15.47	2020-10-01	5,527	5,527	Direct
Common Stock	Employee Stock Option	$31.11	2021-10-01	12,358	12,358	Direct
Common Stock	Employee Stock Grant	$38.09	2022-10-01	1,251	1,251	Direct
Common Stock	Employee Stock Option	$38.09	2022-10-01	3,335	3,335	Direct
Common Stock	Employee Stock Option	$29.47	2023-07-18	24,871	24,871	Direct
Common Stock	Employee Stock Grant	$21.99	2023-10-01	2,346	2,346	Direct
Common Stock	Employee Stock Grant	$21.99	2023-10-01	4,691	4,691	Direct
Common Stock	Employee Stock Option	$21.99	2023-10-01	9,938	9,938	Direct
Common Stock	Employee Stock Option	$21.99	2023-10-01	9,938	9,938	Direct
Common Stock	Employee Stock Grant	$13.57	2024-05-14	22,108	22,108	Direct
Common Stock	Employee Stock Grant	$10.41	2024-10-01	38,584	38,584	Direct
Common Stock	Employee Stock Grant	$10.41	2024-10-01	15,434	15,434	Direct
Common Stock	Employee Stock Option	$10.41	2024-10-01	12,675	12,675	Direct
Common Stock	Employee Stock Option	$10.41	2024-10-01	3,169	3,169	Direct
Common Stock	Employee Stock Grant	$6.63	2025-10-01	25,520	25,520	Direct
Common Stock	Employee Stock Grant	$6.63	2025-10-01	6,380	6,380	Direct
Common Stock	Employee Stock Option	$6.63	2025-10-01	13,987	13,987	Direct
Common Stock	Employee Stock Option	$6.63	2025-10-01	3,497	3,497	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2018-10-01	2,338	2,338	Direct
2020-10-01	6,678	6,678	Direct
2020-10-01	5,527	5,527	Direct
2021-10-01	12,358	12,358	Direct
2022-10-01	1,251	1,251	Direct
2022-10-01	3,335	3,335	Direct
2023-07-18	24,871	24,871	Direct
2023-10-01	2,346	2,346	Direct
2023-10-01	4,691	4,691	Direct
2023-10-01	9,938	9,938	Direct
2023-10-01	9,938	9,938	Direct
2024-05-14	22,108	22,108	Direct
2024-10-01	38,584	38,584	Direct
2024-10-01	15,434	15,434	Direct
2024-10-01	12,675	12,675	Direct
2024-10-01	3,169	3,169	Direct
2025-10-01	25,520	25,520	Direct
2025-10-01	6,380	6,380	Direct
2025-10-01	13,987	13,987	Direct
2025-10-01	3,497	3,497	Direct

Footnotes

The number of securities shown as being held in Issuer's 401(k) account for the Reporting Person's benefit is the approximate number of shares of common stock. De minimis fractional interests reported by the Issuer's 401(k) Plan trustee/administrator and held indirectly through the Plan's stock purchase account are not reflected.
Mr. Rallo disclaims beneficial ownership of these shares.
These options became fully vested on October 1, 2013.
These options became fully vested on October 1, 2014.
These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
These options became fully vested on October 1, 2015.
Twenty-five percent of this restricted stock grant vested on October 1, 2013 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 vested on October 1, 2013 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
Twenty-five percent of this restricted stock grant vested on July 1, 2014 and thereafter 1/4th of the restricted stock grant will vest on July 1 of each year for three years.
Twenty-five percent of this option grant vested on July 18, 2014 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
Twenty-five percent of this restricted stock grant vested on October 1, 2014 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years.
These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
Twenty-five percent of this option grant vested on October 1, 2014 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
Fifty percent of this restricted stock grant vested on November 1, 2015 and thereafter 1/4th of the restricted stock grant will vest on November 1 of each year for two years.
Twenty-five percent of this restricted stock grant vested on October 1, 2015 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years.
These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
Twenty-five percent of this option grant vested on October 1, 2015 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
Twenty-five percent of this restricted stock grant will vest on October 1, 2016 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years.
These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
Twenty-five percent of this option grant will vest on October 1, 2016 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
Represents the vesting of restricted stock.
Represents reporting person's advance election to sell upon vesting such restricted shares