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Filing Details

Accession Number:: 0001179110-16-031174
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2016-11-03 18:02:13
Reporting Period:: 2016-11-01

Filing Date:: 2016-11-03
Accepted Time:: 2016-11-03 18:02:13
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

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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	2016-11-01	27,634	$8.56	27,634	No	4	J	Direct
Common Stock	Disposition	2016-11-01	27,634	$8.56	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	2016-11-01	27,634	$8.56	55,269	$13.57

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
27,635		2024-05-14	No	4	J	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Employee Stock Grant	$21.99	2023-10-01	933	933	Direct
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	$10.41	2024-10-01	28,638	28,638	Direct
Common Stock	Employee Stock Option	$10.41	2024-10-01	10,077	10,077	Direct
Common Stock	Employee Stock Grant	$6.63	2025-10-01	25,342	25,342	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	933	933	Direct
2023-10-01	7,900	7,900	Direct
2023-01-01	12,279	12,279	Direct
2024-10-01	28,638	28,638	Direct
2024-10-01	10,077	10,077	Direct
2025-10-01	25,342	25,342	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.
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.
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 the vesting of restricted stock
Represents reporting person's advance election to sell upon vesting such restricted shares