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Home > Insider Trading > Filing (0001235468-20-000122)

Filing Details

Accession Number:
0001235468-20-000122
Form Type:
4/A
Zero Holdings:
No
Publication Time:
2020-06-03 18:31:20
Reporting Period:
2020-04-03
Accepted Time:
2020-06-03 18:31:20
Original Submission Date:
2020-04-07
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
1352618 Iii P William Angrick C/O Liquidity Services, Inc.
6931 Arlington Road, Suite 200
Bethesda MD 20814		 Chairman Of The Board And Ceo Yes Yes Yes No
Reported Non-Derivative Transactions
Show Other Fields >>
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2020-04-03 45,629 $4.05 4,265,778 No 4 P Indirect By the William P. Angrick III Revocable Trust
Common Stock Acquisiton 2020-04-06 43,788 $4.44 4,309,566 No 4 P Indirect By the William P. Angrick III Revocable Trust
Common Stock Acquisiton 2020-04-07 23,965 $4.20 4,333,531 No 4 P Indirect By the William P. Angrick III Revocable Trust
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect By the William P. Angrick III Revocable Trust
No 4 P Indirect By the William P. Angrick III Revocable Trust
No 4 P Indirect By the William P. Angrick III Revocable Trust
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 873,379 Indirect By the William P. Angrick III 2005 Irrevocable Trust
Common Stock 575,513 Indirect By the Stephanie S. Angrick 2005 Irrevocable Trust
Common Stock 114,699 Indirect By the Stephanie S. Angrick Revocable Trust
Reported Derivative Holdings
Show Other Fields >>
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Employee Stock Option $7.36 2024-12-03 139,900 139,900 Direct
Common Stock Employee Stock Option $7.36 2024-12-03 139,900 139,900 Direct
Common Stock Employee Stock Grant $0.00 2024-01-01 54,700 54,700 Direct
Common Stock Employee Stock Grant $0.00 2024-01-01 54,700 54,700 Direct
Common Stock Employee Stock Option $6.72 2028-10-01 124,200 124,200 Direct
Common Stock Employee Stock Grant $0.00 2028-10-01 17,300 17,300 Direct
Common Stock Employee Stock Option $6.72 2022-10-01 124,200 124,200 Direct
Common Stock Employee Stock Grant $0.00 2022-10-01 12,975 12,975 Direct
Common Stock Employee Stock Option $4.92 2027-10-01 130,620 130,620 Direct
Common Stock Employee Stock Option $4.92 2027-10-01 87,080 87,080 Direct
Common Stock Employee Stock Grant $0.00 2021-12-11 4,920 4,920 Direct
Common Stock Employee Stock Grant $0.00 2021-10-01 4,100 4,100 Direct
Common Stock Employee Stock Grant $0.00 2020-10-01 18,812 18,812 Direct
Common Stock Employee Stock Grant $0.00 2026-10-01 67,725 67,725 Direct
Common Stock Employee Stock Option $9.13 2026-10-01 48,000 48,000 Direct
Common Stock Employee Stock Option $9.13 2026-10-01 48,000 48,000 Direct
Common Stock Employee Stock Option $7.29 2025-10-01 83,178 83,178 Direct
Common Stock Employee Stock Option $7.29 2025-10-01 20,794 20,794 Direct
Common Stock Employee Stock Option $11.45 2024-10-01 29,980 29,980 Direct
Common Stock Employee Stock Option $24.19 2023-10-01 48,122 48,122 Direct
Common Stock Employee Stock Option $46.72 2022-10-01 14,695 14,695 Direct
Common Stock Employee Stock Option $37.72 2021-10-01 32,139 32,139 Direct
Common Stock Employee Stock Option $17.02 2020-10-01 8,641 8,641 Direct
Common Stock Employee Stock Option $9.96 2019-10-01 4,568 4,568 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2024-12-03 139,900 139,900 Direct
2024-12-03 139,900 139,900 Direct
2024-01-01 54,700 54,700 Direct
2024-01-01 54,700 54,700 Direct
2028-10-01 124,200 124,200 Direct
2028-10-01 17,300 17,300 Direct
2022-10-01 124,200 124,200 Direct
2022-10-01 12,975 12,975 Direct
2027-10-01 130,620 130,620 Direct
2027-10-01 87,080 87,080 Direct
2021-12-11 4,920 4,920 Direct
2021-10-01 4,100 4,100 Direct
2020-10-01 18,812 18,812 Direct
2026-10-01 67,725 67,725 Direct
2026-10-01 48,000 48,000 Direct
2026-10-01 48,000 48,000 Direct
2025-10-01 83,178 83,178 Direct
2025-10-01 20,794 20,794 Direct
2024-10-01 29,980 29,980 Direct
2023-10-01 48,122 48,122 Direct
2022-10-01 14,695 14,695 Direct
2021-10-01 32,139 32,139 Direct
2020-10-01 8,641 8,641 Direct
2019-10-01 4,568 4,568 Direct
Footnotes
  1. The purchase reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by and between The William P. Angrick III Revocable Trust Under Agreement Dates 04/20/07 and RBC Capital Markets on March 11, 2020.
  2. These shares are held in a trust for the benefit of the reporting person. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of the securities for the purposes of Section 16 or for any other purpose.
  3. On June 1, 2020, a scrivener's error was discovered wherein the amount of shares purchased on 4/6 was incorrectly reported as 44,788, where it should have been 43,788. There was no late filing or failure to report a transaction.
  4. These shares are held in a trust for the benefit of the reporting person's spouse, who is also trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of the securities for the purposes of Section 16 or for any other purpose.
  5. 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.
  6. 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.
  7. Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
  8. 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.
  9. 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.
  10. 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.
  11. 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. 15/48th of this option grant will vest on January 1, 2019 and thereafter 1/48th of the option grant will vest each month for thirty three months.
  13. Twenty-five percent of this restricted stock grant each vested on January 1, 2019 and October 1, 2019, and thereafter 1/4th of the restricted stock grant will vest on each October 1, 2020, and October 1, 2021.
  14. Twenty-five percent of this restricted stock grant vested on April 1, 2018 and October 1, 2018, and October 1, 2019, and thereafter 1/4th of the restricted stock grant will vest on October 1, 2020.
  15. These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
  16. 18/48th of this option grant vested on April 1, 2018 and thereafter 1/48th of the option grant will vest each month for thirty months.
  17. This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
  18. These options became fully vested on October 1, 2019.
  19. 75% of the options were certified as vested on December 6, 2018. The remaining options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
  20. These options became fully vested on October 1, 2018.
  21. These options became fully vested on October 1, 2017.
  22. These options became fully vested on October 1, 2016.
  23. These options became fully vested on October 1, 2015.
  24. These options became fully vested on October 1, 2014.
  25. These options became fully vested on October 1, 2013.
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