Home > Insider Trading > Filing (0001235468-21-000081)

Filing Details

Accession Number:: 0001235468-21-000081
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-02-19 17:23:55
Reporting Period:: 2021-02-17

Accepted Time:: 2021-02-19 17:23:55
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
1406206	Jorge Celaya	C/O Liquidity Services, Inc. 6931 Arlington Road, Suite 200 Bethesda MD 20814	Chief Financial Officer	No	Yes	No	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
Common Stock	Acquisiton	2021-02-17	49,699	$6.69	214,278	No	4	M	Direct
Common Stock	Disposition	2021-02-17	82,743	$18.95	131,535	No	4	S	Direct
Common Stock	Disposition	2021-02-18	7,403	$19.40	124,132	No	4	S	Direct
Common Stock	Disposition	2021-02-19	2,345	$19.19	121,787	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Employee Stock Option	Disposition	2021-02-17	5,750	$0.00	5,750	$8.30
Common Stock	Employee Stock Option	Disposition	2021-02-17	3,277	$0.00	5,750	$8.30
Common Stock	Employee Stock Option	Disposition	2021-02-17	422	$0.00	3,802	$4.47
Common Stock	Employee Stock Option	Disposition	2021-02-17	7,220	$0.00	24,710	$6.11
Common Stock	Employee Stock Option	Disposition	2021-02-17	54,000	$0.00	54,000	$6.69
Common Stock	Employee Stock Option	Disposition	2021-02-17	14,625	$0.00	54,000	$6.69

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2020-10-01	2027-03-03	No	4	M	Direct
2,473		2027-03-03	No	4	M	Direct
3,380		2017-12-11	No	4	M	Direct
17,490		2028-12-04	No	4	M	Direct
0		2029-12-03	No	4	M	Direct
39,375		2029-12-03	No	4	M	Direct

Reported Derivative Holdings

Show Other Fields >>

Sec. Name	Sec. Type	Price	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Employee Stock Grant	$0.00	2026-10-01	2,085	2,085	Direct
Common Stock	Employee Stock Grant	$0.00	2021-10-01	520	520	Direct
Common Stock	Employee Stock Grant	$0.00	2023-01-01	2,950	2,950	Direct
Common Stock	Employee Stock Grant	$0.00	2024-01-01	16,987	16,987	Direct
Common Stock	Employee Stock Option	$9.46	2030-12-01	55,050	55,050	Direct
Common Stock	Employee Stock Option	$9.46	2030-12-01	55,050	55,050	Direct
Common Stock	Employee Stock Grant	$0.00	2025-01-01	9,950	9,950	Direct
Common Stock	Employee Stock Grant	$0.00	2025-01-01	9,950	9,950	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2026-10-01	2,085	2,085	Direct
2021-10-01	520	520	Direct
2023-01-01	2,950	2,950	Direct
2024-01-01	16,987	16,987	Direct
2030-12-01	55,050	55,050	Direct
2030-12-01	55,050	55,050	Direct
2025-01-01	9,950	9,950	Direct
2025-01-01	9,950	9,950	Direct

Footnotes

The reporting person exercised 85,294 stock options on a share withhold basis. 35,595 shares were withheld to cover the cost of the options as well as related taxes resulting in a net amount of 49,699 shares acquired.
The reporting person exercised a total of 85,294 stock options, 68,625 of which had an exercise price of $6.69, 7,220 of which had an exercise price of $6.11, 9,027 of which had an exercise price of $8.30 and 422 of which had a purchase price of $4.47.
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.
Represents the exercise of stock options.
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.
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.
15/48th of this option grant vested on January 1, 2020 and thereafter, an additional 1/48th vests each month for thirty-three months.
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.
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, 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.