Filing Details

Accession Number:
0001179110-16-030643
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-10-11 17:48:30
Reporting Period:
2016-10-06
Filing Date:
2016-10-11
Accepted Time:
2016-10-11 17:48:30
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
1406206 Jorge Celaya C/O Liquidity Services, Inc.
1920 L Street, N.w., 6Th Floor
Washington DC 20036
Evp & Chief Financial 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 Disposition 2016-10-06 3,107 $10.28 33,611 No 4 S Direct
Common Stock Disposition 2016-10-07 3,728 $10.06 29,883 No 4 S Direct
Common Stock Disposition 2016-10-10 5,226 $10.03 24,657 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
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 Grant $9.70 2025-10-01 131,173 131,173 Direct
Common Stock Employee Stock Grant $6.63 2025-10-01 19,006 19,006 Direct
Common Stock Employee Stock Grant $5.11 2025-10-01 6,335 6,335 Direct
Common Stock Employee Stock Option $6.63 2025-10-01 13,891 13,891 Direct
Common Stock Employee Stock Option $6.63 2025-10-01 3,473 3,473 Direct
Common Stock Employee Stock Grant $8.15 2025-10-01 9,966 9,966 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2025-10-01 131,173 131,173 Direct
2025-10-01 19,006 19,006 Direct
2025-10-01 6,335 6,335 Direct
2025-10-01 13,891 13,891 Direct
2025-10-01 3,473 3,473 Direct
2025-10-01 9,966 9,966 Direct
Footnotes
  1. Twenty-five percent of this restricted stock grant vested on October 1, 2016 and thereafter 1/4 of the restricted stock grant will vest on October 1 of each year for three years. In the event that Mr. Celaya's employment is terminated by the Company without cause or by Mr. Celaya for good reason within his first eighteen months of employment, 37.5 percent of this restricted stock grant will become vested as of the date of his termination. On the eighteen month anniversary of Mr. Celaya's start of employment, this acceleration provision will expire.
  2. 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.
  3. These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
  4. 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.
  5. This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
  6. 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.
  7. Represents reporting person's advance election to sell to cover tax obligations upon vesting such restricted shares