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Filing Details

Accession Number:: 0001235468-21-000063
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-02-09 17:02:24
Reporting Period:: 2021-02-05

Accepted Time:: 2021-02-09 17:02:24
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
1677053	A Mark Shaffer	C/O Liquidity Services, Inc. 6931 Arlington Road, Sutie 200 Bethesda MD 20814	Chief Legal Officer & Corp Sec	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	2021-02-05	38,291	$6.11	112,250	No	4	M	Direct
Common Stock	Disposition	2021-02-05	20,000	$17.19	92,250	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

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Employee Stock Option	Disposition	2021-02-05	31,150	$0.00	31,150	$6.11
Common Stock	Employee Stock Option	Disposition	2021-02-05	649	$0.00	17,845	$6.11
Common Stock	Employee Stock Option	Disposition	2021-02-05	29,200	$0.00	29,200	$6.69

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2028-12-04	No	4	M	Direct
17,196	2028-12-04	No	4	M	Direct
0	2029-12-03	No	4	M	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	$0.00	2020-09-30	3,806	3,806	Direct
Common Stock	Employee Stock Option	$8.30	2026-10-01	2,258	2,258	Direct
Common Stock	Employee Stock Option	$4.47	2027-10-01	2,280	2,280	Direct
Common Stock	Employee Stock Grant	$0.00	2021-10-01	310	310	Direct
Common Stock	Employee Stock Grant	$0.00	2023-01-01	2,525	2,525	Direct
Common Stock	Employee Stock Option	$6.69	2029-12-03	23,058	23,058	Direct
Common Stock	Employee Stock Grant	$0.00	2024-01-01	9,187	9,187	Direct
Common Stock	Employee Stock Option	$9.46	2030-12-01	42,400	42,400	Direct
Common Stock	Employee Stock Option	$9.46	2030-12-01	42,400	42,400	Direct
Common Stock	Employee Stock Grant	$0.00	2025-01-01	7,650	7,650	Direct
Common Stock	Employee Stock Grant	$0.00	2025-01-01	7,650	7,650	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2020-09-30	3,806	3,806	Direct
2026-10-01	2,258	2,258	Direct
2027-10-01	2,280	2,280	Direct
2021-10-01	310	310	Direct
2023-01-01	2,525	2,525	Direct
2029-12-03	23,058	23,058	Direct
2024-01-01	9,187	9,187	Direct
2030-12-01	42,400	42,400	Direct
2030-12-01	42,400	42,400	Direct
2025-01-01	7,650	7,650	Direct
2025-01-01	7,650	7,650	Direct

Footnotes

The reporting person exercised 60,999 stock options on a share withhold basis. 22,708 shares were withheld to cover the cost of the options as well as related taxes resulting in a net amount of 38,291 shares acquired.
The reporting person exercised a total of 60,999 options, 31,799 of which had an exercise price of $6.11 and 29,200 of which had an exercise price of $6.69.
Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
These options become exercisable, if at all, based on the issuer's achievement of certain financial milestones.
15/48th of this option grant vested on January 1, 2019 and thereafter, an additional 1/48th vests each month for thirty-three months.
Twenty-five percent of this restricted stock unit grant vested on January 1, 2019 and thereafter, an additional 1/4th vests on each of October 1, 2019, October 1, 2020, and October 1, 2021.
Represents the exercise of stock options.
These options become 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
15/48th of this option grant vested on January 1, 2020 and thereafter, an additional 1/48th vests each month for thirty-three months.
Twenty-five percent of this restricted stock unit grant vested on January 1, 2020 and thereafter, an additional 1/4th vests on each of January 1, 2021, January 1, 2022, and January 1, 2023.
12/48th of this option grant vested on January 1, 2021 and thereafter, an additional 1/48th vests each month for thirty-six months.
Twenty-five percent of this restricted stock unit grant vested on January 1, 2021 and thereafter, an additional 1/4th vests on each of January 1, 2022, January 1, 2023 and January 1, 2024.
12/48th of this option grant will vest on January 1, 2022 and thereafter, an additional 1/48th will vest each month for thirty-six months.
This option becomes exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
Twenty-five percent of this restricted stock unit grant will vest on January 1, 2022 and thereafter, an additional 1/4th will vest on each of January 1, 2023, January 1, 2024 and January 1, 2025.