Filing Details
- Accession Number:
- 0001235468-20-000011
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2020-01-06 16:36:44
- Reporting Period:
- 2020-01-02
- Accepted Time:
- 2020-01-06 16:36:44
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1235468 | Liquidity Services Inc | LQDT | Services-Business Services, Nec (7389) | 522209244 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1744584 | Sam Guzman | C/O Liquidity Services, Inc. 6931 Arlington Road, Suite 200 Bethesda MD 20814 | 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 | 2020-01-02 | 775 | $0.00 | 775 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2020-01-02 | 775 | $5.92 | 0 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | 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 | 2020-01-02 | 775 | $0.00 | 3,100 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 2,325 | 2022-10-01 | No | 4 | M | Direct |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Employee Stock Grant | $0.00 | 2028-08-01 | 30,000 | 30,000 | Direct | |
| Common Stock | Employee Stock Option | $6.11 | 2028-10-01 | 19,200 | 19,200 | Direct | |
| Common Stock | Employee Stock Grant | $0.00 | 2028-10-01 | 3,100 | 3,100 | Direct | |
| Common Stock | Employee Stock Option | $6.11 | 2028-10-01 | 19,200 | 19,200 | Direct | |
| Common Stock | Employee Stock Option | $6.69 | 2029-12-03 | 5,300 | 5,300 | Direct | |
| Common Stock | Employee Stock Option | $6.69 | 2029-12-03 | 5,300 | 5,300 | Direct | |
| Common Stock | Employee Stock Grant | $0.00 | 2024-01-01 | 2,250 | 2,250 | Direct | |
| Common Stock | Employee Stock Grant | $0.00 | 2024-01-01 | 2,250 | 2,250 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2028-08-01 | 30,000 | 30,000 | Direct |
| 2028-10-01 | 19,200 | 19,200 | Direct |
| 2028-10-01 | 3,100 | 3,100 | Direct |
| 2028-10-01 | 19,200 | 19,200 | Direct |
| 2029-12-03 | 5,300 | 5,300 | Direct |
| 2029-12-03 | 5,300 | 5,300 | Direct |
| 2024-01-01 | 2,250 | 2,250 | Direct |
| 2024-01-01 | 2,250 | 2,250 | Direct |
Footnotes
- Represents the vesting of restricted stock.
- Represents reporting person's advance election to sell upon vesting such restricted shares.
- Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
- Twenty-five percent of this restricted stock grant vested on August 1, 2019 and thereafter 1/4th of this restricted stock grant will vest on August 1, 2020, August 1, 2021, and August 1, 2022.
- This option becomes exercisable, if at all, based on total shareholder return (TSR) milestones. TSR is calculated based on the change in a the issuer's stock price during the performance period, taking into account any dividends paid during that period, which are assumed to be reinvested in the stock.
- These restricted stock units vest, if at all, based on total shareholder return (TSR) milestones. TSR is calculated based on the change in a the issuer's stock price during the performance period, taking into account any dividends paid during that period, which are assumed to be reinvested in the stock.
- 15/48th of this option grant will vest on January 1, 2020 and thereafter 1/48th of the option grant will vest each month for thirty three months.
- Twenty-five percent of this restricted stock grant will vest on January 1, 2020 and thereafter 1/4th of the restricted stock grant will vest on each October 1, 2020, October 1, 2021, and October 1, 2022.
- 12/48th of this option grant will vest on January 1, 2021 and, thereafter, 1/48th of the option grant will vest each month for thirty-six months.
- Twenty-five percent of this restricted stock grant will vest on January 1, 2021 and thereafter 1/4th of the restricted stock grant will vest on each of January 1, 2022, January 1, 2023 and January 1, 2024.
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