Filing Details
- Accession Number:
- 0001628280-17-003384
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2017-04-05 17:10:22
- Reporting Period:
- 2017-04-03
- Filing Date:
- 2017-04-05
- Accepted Time:
- 2017-04-05 17:10:22
- 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 |
|---|---|---|---|---|---|---|---|
| 1668475 | E Michael Sweeney | C/O Liquidity Services, Inc. 1920 L Street, N.w., 6Th Floor Washington DC 20036 | Vp & Chief Accounting 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 | 2017-04-03 | 3,500 | $7.61 | 3,500 | No | 4 | J | Direct | |
| Common Stock | Disposition | 2017-04-03 | 3,500 | $7.61 | 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
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Employee Stock Grant | Disposition | 2017-04-03 | 3,500 | $7.61 | 14,000 | $5.53 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 10,500 | 2026-04-01 | 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 Grant | $9.75 | 2026-12-22 | 13,400 | 13,400 | Direct | |
| Common Stock | Employee Stock Grant | $9.75 | 2026-12-22 | 6,600 | 6,600 | Direct | |
| Common Stock | Employee Stock Grant | $10.30 | 2026-12-20 | 3,950 | 3,950 | Direct | |
| Common Stock | Employee Stock Grant | $10.30 | 2026-12-20 | 3,950 | 3,950 | Direct | |
| Common Stock | Employee Stock Option | $10.30 | 2026-12-20 | 2,350 | 2,350 | Direct | |
| Common Stock | Employee Stock Option | $10.30 | 2026-12-20 | 2,350 | 2,350 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2026-12-22 | 13,400 | 13,400 | Direct |
| 2026-12-22 | 6,600 | 6,600 | Direct |
| 2026-12-20 | 3,950 | 3,950 | Direct |
| 2026-12-20 | 3,950 | 3,950 | Direct |
| 2026-12-20 | 2,350 | 2,350 | Direct |
| 2026-12-20 | 2,350 | 2,350 | Direct |
Footnotes
- Represents the vesting of restricted stock.
- Represents reporting person's advance election to sell upon vesting such restricted shares.
- Twenty-five percent of this restricted stock grant will vest on April 1, 2017 and thereafter 1/4 of the restricted stock grant will vest on April 1 of each year for three years.
- Twenty-five percent of this restricted stock grant will vest on January 1, 2018 and thereafter 1/4 of the restricted stock grant will vest on January 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 restricted stock grant will vest on January 1, 2018 and thereafter 1/4th of the restricted stock grant will vest on each of October 1, 2018, October 1, 2019 and October 1, 2020.
- 15/48th of this option grant will vest on January 1, 2018 and then 1/48th of the option grant will vest each month for thirty-three months.
- This option becomes exercisable, if at all, based on the Issuer's achievment of certain financial milestones.
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