Filing Details
- Accession Number:
- 0001179110-16-030642
- Form Type:
- 4/A
- Zero Holdings:
- No
- Publication Time:
- 2016-10-11 17:47:48
- Reporting Period:
- 2016-10-03
- Filing Date:
- 2016-10-11
- Accepted Time:
- 2016-10-11 17:47:48
- Original Submission Date:
- 2016-10-05
- 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 |
|---|---|---|---|---|---|---|---|
| 1568819 | Leoncio Segundo Casusol | C/O Liquidity Services, Inc. 1920 L Street, N.w., 6Th Floor Washington DC 20036 | Chief Information Officer | 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 | 2016-10-03 | 16,539 | $10.65 | 16,539 | No | 4 | J | Direct | |
| Common Stock | Disposition | 2016-10-03 | 3,821 | $10.65 | 12,718 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2016-10-04 | 1,701 | $10.52 | 11,017 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2016-10-05 | 4,072 | $10.51 | 6,945 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | J | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | 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 Grant | Disposition | 2016-10-03 | 932 | $10.65 | 1,865 | $21.99 |
| Common Stock | Employee Stock Grant | Disposition | 2016-10-03 | 7,160 | $10.65 | 35,798 | $10.41 |
| Common Stock | Employee Stock Grant | Disposition | 2016-10-03 | 8,447 | $10.65 | 33,789 | $6.63 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 933 | 2023-10-01 | No | 4 | J | Direct | |
| 28,638 | 2024-10-01 | No | 4 | J | Direct | |
| 25,342 | 2025-10-01 | No | 4 | J | Direct |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Employee Stock Option | $21.99 | 2023-10-01 | 7,900 | 7,900 | Direct | |
| Common Stock | Employee Stock Grant | $33.13 | 2023-01-01 | 12,279 | 12,279 | Direct | |
| Common Stock | Employee Stock Grant | $13.57 | 2024-05-14 | 55,269 | 55,269 | Direct | |
| Common Stock | Employee Stock Grant | $10.41 | 2024-10-01 | 14,319 | 14,319 | Direct | |
| Common Stock | Employee Stock Option | $10.41 | 2024-10-01 | 10,077 | 10,077 | Direct | |
| Common Stock | Employee Stock Option | $10.41 | 2024-10-01 | 2,519 | 2,519 | Direct | |
| Common Stock | Employee Stock Grant | $5.11 | 2025-10-01 | 8,447 | 8,447 | Direct | |
| Common Stock | Employee Stock Option | $6.63 | 2025-10-01 | 18,522 | 18,522 | Direct | |
| Common Stock | Employee Stock Option | $6.63 | 2025-10-01 | 4,630 | 4,630 | Direct | |
| Common Stock | Employee Stock Grant | $6.63 | 2025-10-01 | 26,395 | 26,395 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2023-10-01 | 7,900 | 7,900 | Direct |
| 2023-01-01 | 12,279 | 12,279 | Direct |
| 2024-05-14 | 55,269 | 55,269 | Direct |
| 2024-10-01 | 14,319 | 14,319 | Direct |
| 2024-10-01 | 10,077 | 10,077 | Direct |
| 2024-10-01 | 2,519 | 2,519 | Direct |
| 2025-10-01 | 8,447 | 8,447 | Direct |
| 2025-10-01 | 18,522 | 18,522 | Direct |
| 2025-10-01 | 4,630 | 4,630 | Direct |
| 2025-10-01 | 26,395 | 26,395 | Direct |
Footnotes
- 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.
- 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.
- Twenty-five percent of this restricted stock grant vested on January 1, 2014 and thereafter 1/4th of the restricted stock grant will vest on January 1 of each year for three years.
- 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 1/8th of the restricted stock grant will vest on April 1 and 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 vested 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 vested 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.
- These restricted shares will vest, if at all, based on the Issuer's achievement of certain milestones with respect to the Liquidity One Transformation plan.
- Represents vesting of restricted stock
- Represents reporting person's advance election to sell upon vesting such restricted shares
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