Filing Details
- Accession Number:
- 0001235468-21-000120
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-05-20 16:41:23
- Reporting Period:
- 2021-05-18
- Accepted Time:
- 2021-05-20 16:41:23
- 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
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Disposition | 2021-05-18 | 92,948 | $26.72 | 5,530,190 | No | 4 | S | Indirect | By the William P. Angrick III Revocable Trust |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | 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
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Employee Stock Grant | $0.00 | 2021-10-01 | 2,050 | 2,050 | Direct | |
| Common Stock | Employee Stock Option | $37.72 | 2021-12-02 | 32,139 | 32,139 | Direct | |
| Common Stock | Employee Stock Option | $9.13 | 2022-03-02 | 48,000 | 48,000 | Direct | |
| Common Stock | Employee Stock Option | $9.13 | 2022-03-02 | 27,360 | 27,360 | Direct | |
| Common Stock | Employee Stock Option | $46.72 | 2022-11-27 | 14,695 | 14,695 | Direct | |
| Common Stock | Employee Stock Option | $4.92 | 2022-12-11 | 87,080 | 87,080 | Direct | |
| Common Stock | Employee Stock Option | $4.92 | 2022-12-11 | 130,620 | 130,620 | Direct | |
| Common Stock | Employee Stock Grant | $0.00 | 2023-01-01 | 8,650 | 8,650 | Direct | |
| Common Stock | Employee Stock Option | $24.19 | 2023-11-27 | 48,122 | 48,122 | Direct | |
| Common Stock | Employee Stock Option | $6.72 | 2023-12-04 | 124,200 | 124,200 | Direct | |
| Common Stock | Employee Stock Option | $6.72 | 2023-12-04 | 124,200 | 124,200 | Direct | |
| Common Stock | Employee Stock Grant | $0.00 | 2024-01-01 | 41,025 | 41,025 | Direct | |
| 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 | 2025-01-01 | 23,700 | 23,700 | Direct | |
| Common Stock | Employee Stock Grant | $0.00 | 2025-01-01 | 23,700 | 23,700 | Direct | |
| Common Stock | Employee Stock Option | $10.41 | 2025-12-01 | 131,950 | 131,950 | Direct | |
| Common Stock | Employee Stock Option | $10.41 | 2025-12-01 | 131,950 | 131,950 | Direct | |
| Common Stock | Employee Stock Option | $7.29 | 2025-12-22 | 56,193 | 56,193 | Direct | |
| Common Stock | Employee Stock Grant | $0.00 | 2026-10-01 | 32,358 | 32,358 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2021-10-01 | 2,050 | 2,050 | Direct |
| 2021-12-02 | 32,139 | 32,139 | Direct |
| 2022-03-02 | 48,000 | 48,000 | Direct |
| 2022-03-02 | 27,360 | 27,360 | Direct |
| 2022-11-27 | 14,695 | 14,695 | Direct |
| 2022-12-11 | 87,080 | 87,080 | Direct |
| 2022-12-11 | 130,620 | 130,620 | Direct |
| 2023-01-01 | 8,650 | 8,650 | Direct |
| 2023-11-27 | 48,122 | 48,122 | Direct |
| 2023-12-04 | 124,200 | 124,200 | Direct |
| 2023-12-04 | 124,200 | 124,200 | Direct |
| 2024-01-01 | 41,025 | 41,025 | Direct |
| 2024-12-03 | 139,900 | 139,900 | Direct |
| 2024-12-03 | 139,900 | 139,900 | Direct |
| 2025-01-01 | 23,700 | 23,700 | Direct |
| 2025-01-01 | 23,700 | 23,700 | Direct |
| 2025-12-01 | 131,950 | 131,950 | Direct |
| 2025-12-01 | 131,950 | 131,950 | Direct |
| 2025-12-22 | 56,193 | 56,193 | Direct |
| 2026-10-01 | 32,358 | 32,358 | Direct |
Footnotes
- 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.
- 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.
- Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
- 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.
- These options became fully exercisable on October 1, 2015.
- These options became fully exercisable on October 1, 2020.
- These options become exercisable, if at all, based on the issuer's achievement of certain financial milestones.
- These options became fully exercisable on October 1, 2016.
- 15/48th of this option grant vested on January 1, 2019 and thereafter, an additional 1/48th vests 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.
- 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.
- These options became fully exercisable on October 1, 2017.
- 15/48th of this option grant vested on January 1, 2020 and thereafter, an additional 1/48th will vest each month for thirty-three 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 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 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.
- These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
- These options vest, 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, 1/48th will vest each month for thirty-six months.
- These options became fully exercisable on October 1, 2019.
- These restricted stock units will vest, if at all, based on the issuer's achievement of certain financial milestones.
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