Home > Insider Trading > Filing (0001235468-21-000110)

Filing Details

Accession Number:: 0001235468-21-000110
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-05-11 13:00:00
Reporting Period:: 2021-05-07

Accepted Time:: 2021-05-11 18:27:59
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
1774016	Nicholas Rozdilsky	C/O Liquidity Services, Inc. 6931 Arlington Road, Suite 200 Bethesda MD 20814	Chief Marketing 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	Disposition	2021-05-07	6,176	$24.43	18,750	No	4	S	Direct
Common Stock	Acquisiton	2021-05-10	4,343	$6.69	23,093	No	4	M	Direct
Common Stock	Disposition	2021-05-10	3,900	$24.81	19,193	No	4	S	Direct
Common Stock	Disposition	2021-05-11	443	$24.06	18,750	No	4	S	Direct
Common Stock	Disposition	2021-05-11	18,354	$26.75	396	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
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	2021-05-10	3,153	$0.00	16,103	$6.11
Common Stock	Employee Stock Option	Disposition	2021-05-10	7,192	$0.00	29,200	$6.69

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
12,950		2028-12-04	No	4	M	Direct
22,008		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	Restricted Stock Grant	$0.00	2022-08-01	18,750	18,750	Direct
Common Stock	Employee Stock Option	$6.95	2028-08-01	25,000	25,000	Direct
Common Stock	Employee Stock Grant	$0.00	2023-01-01	2,100	2,100	Direct
Common Stock	Employee Stock Option	$6.11	2028-12-04	25,900	25,900	Direct
Common Stock	Employee Stock Grant	$0.00	2024-01-01	9,187	9,187	Direct
Common Stock	Employee Stock Option	$6.69	2029-12-03	29,200	29,200	Direct
Common Stock	Employee Stock Option	$9.46	2030-12-01	38,800	38,800	Direct
Common Stock	Employee Stock Option	$9.46	2030-12-01	38,800	38,800	Direct
Common Stock	Employee Stock Grant	$0.00	2025-01-01	7,000	7,000	Direct
Common Stock	Employee Stock Grant	$0.00	2025-01-01	7,000	7,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2022-08-01	18,750	18,750	Direct
2028-08-01	25,000	25,000	Direct
2023-01-01	2,100	2,100	Direct
2028-12-04	25,900	25,900	Direct
2024-01-01	9,187	9,187	Direct
2029-12-03	29,200	29,200	Direct
2030-12-01	38,800	38,800	Direct
2030-12-01	38,800	38,800	Direct
2025-01-01	7,000	7,000	Direct
2025-01-01	7,000	7,000	Direct

Footnotes

The reporting person exercised 10,345 stock options on a share withhold basis. 6,002 shares were withheld to cover the cost of the options as well as related taxes resulting in a net amount of 4,343 shares acquired.
The reporting person exercised a total 10,345 options, 3,153 of which had an exercise price of $6.11 and 7,192 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.
Twenty-five percent of this restricted stock grant vested on August 1, 2019 and thereafter, an additional 1/4th will vest on each of August 1, 2020, August 1, 2021, and August 1, 2022.
Twenty-five percent of this option grant vested on August 1, 2019 and thereafter, an additional 1/48th will vest each month for thirty-six 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.
Represents the exercise of stock options.
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.
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 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 vested on January 1, 2021 and, thereafter, an additional 1/48th vests 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.
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.
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.