Filing Details
- Accession Number:
- 0001235468-20-000059
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2020-02-20 16:27:05
- Reporting Period:
- 2020-02-19
- Accepted Time:
- 2020-02-20 16:27:05
- 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 |
|---|---|---|---|---|---|---|---|
| 1774667 | John Daunt | C/O Liquidity Services, Inc. 6931 Arlington Road Suite 200 Bethesda MD 20814 | Evp, Chief Commercial 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 | 2020-02-19 | 5,000 | $4.62 | 54,192 | No | 4 | P | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | P | Direct |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Employee Stock Option | $8.17 | 2025-10-27 | 25,000 | 25,000 | Direct | |
| Common Stock | Employee Stock Option | $6.63 | 2019-10-01 | 3,756 | 3,756 | Direct | |
| Common Stock | Employee Stock Option | $6.63 | 2026-03-24 | 1,252 | 1,252 | Direct | |
| Common Stock | Employee Stock Option | $10.30 | 2020-10-01 | 2,300 | 2,300 | Direct | |
| Common Stock | Employee Stock Option | $10.30 | 2026-12-20 | 2,300 | 2,300 | Direct | |
| Common Stock | Employee Stock Grant | $0.00 | 2027-10-01 | 3,465 | 3,465 | Direct | |
| Common Stock | Employee Stock Grant | $0.00 | 2020-10-01 | 962 | 962 | Direct | |
| Common Stock | Employee Stock Option | $6.75 | 2028-07-01 | 100,000 | 100,000 | Direct | |
| Common Stock | Employee Stock Grant | $0.00 | 2028-10-01 | 4,834 | 4,834 | Direct | |
| Common Stock | Employee Stock Grant | $0.00 | 2021-10-01 | 4,028 | 4,028 | Direct | |
| Common Stock | Employee Stock Grant | $0.00 | 2028-12-04 | 3,350 | 3,350 | Direct | |
| Common Stock | Employee Stock Grant | $0.00 | 2022-10-01 | 2,512 | 2,512 | Direct | |
| Common Stock | Employee Stock Option | $6.11 | 2028-12-04 | 20,800 | 20,800 | Direct | |
| Common Stock | Employee Stock Option | $6.11 | 2022-10-01 | 20,800 | 20,800 | Direct | |
| Common Stock | Employee Stock Grant | $0.00 | 2024-01-01 | 16,300 | 16,300 | Direct | |
| Common Stock | Employee Stock Grant | $0.00 | 2024-01-01 | 16,300 | 16,300 | Direct | |
| Common Stock | Employee Stock Option | $6.69 | 2029-12-03 | 38,950 | 38,950 | Direct | |
| Common Stock | Employee Stock Option | $6.69 | 2029-12-03 | 38,950 | 38,950 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2025-10-27 | 25,000 | 25,000 | Direct |
| 2019-10-01 | 3,756 | 3,756 | Direct |
| 2026-03-24 | 1,252 | 1,252 | Direct |
| 2020-10-01 | 2,300 | 2,300 | Direct |
| 2026-12-20 | 2,300 | 2,300 | Direct |
| 2027-10-01 | 3,465 | 3,465 | Direct |
| 2020-10-01 | 962 | 962 | Direct |
| 2028-07-01 | 100,000 | 100,000 | Direct |
| 2028-10-01 | 4,834 | 4,834 | Direct |
| 2021-10-01 | 4,028 | 4,028 | Direct |
| 2028-12-04 | 3,350 | 3,350 | Direct |
| 2022-10-01 | 2,512 | 2,512 | Direct |
| 2028-12-04 | 20,800 | 20,800 | Direct |
| 2022-10-01 | 20,800 | 20,800 | Direct |
| 2024-01-01 | 16,300 | 16,300 | Direct |
| 2024-01-01 | 16,300 | 16,300 | Direct |
| 2029-12-03 | 38,950 | 38,950 | Direct |
| 2029-12-03 | 38,950 | 38,950 | Direct |
Footnotes
- This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
- These options became fully vested on October 1, 2019.
- 15/48th of this option grant will vest on January 1, 2018 and thereafter 1/48th of the option grant will vest each month for thirty three months.
- 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.
- Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common 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.
- Twenty-five percent of this restricted stock grant vested on January 1, 2018, October 1, 2018, and October 1, 2019, and thereafter 1/4th of the restricted stock grant will vest on October 1, 2020.
- Twenty-five percent of this restricted stock grant vested on April 1, 2019, and thereafter 1/4th of the restricted stock grant will vest on July 1, 2019, October 1, 2020, and October 1, 2021.
- 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.
- 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, 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.
- 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.
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