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Filing Details

Accession Number:: 0001179110-11-007227
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2011-05-03 17:16:35
Reporting Period:: 2011-04-29

Filing Date:: 2011-05-03
Accepted Time:: 2011-05-03 17:16:35
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1235468	Liquidity Services Inc	LQDT	Services-Business Services, Nec (7389)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1207712	A Phillip Clough	400 East Pratt Street, Suite 910 Baltimore MD 21202-3116		Yes	No	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	Explanation
Common Stock	Disposition	2011-04-29	1,590	$19.54	1,211,951	No	4	S	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See footnote

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	17,740	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 Option	$12.89	2016-04-03	20,000	20,000	Direct
Common Stock	Employee Stock Option	$14.75	2016-10-02	9,393	9,393	Direct
Common Stock	Employee Stock Option	$11.19	2017-10-01	8,560	8,560	Direct
Common Stock	Employee Stock Option	$11.66	2018-06-03	15,082	15,082	Direct
Common Stock	Employee Stock Option	$8.55	2019-04-28	21,086	21,086	Direct
Common Stock	Employee Stock Option	$10.70	2020-02-01	18,612	18,612	Direct
Common Stock	Employee Stock Option	$14.30	2021-02-01	15,012	15,012	Direct
Common Stock	Restricted Stock Grant	$14.30	2021-02-01	2,517	2,517	Direct
Common Stock	Restricted Stock Grant	$14.30	2021-02-01	2,098	2,098	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2016-04-03	20,000	20,000	Direct
2016-10-02	9,393	9,393	Direct
2017-10-01	8,560	8,560	Direct
2018-06-03	15,082	15,082	Direct
2019-04-28	21,086	21,086	Direct
2020-02-01	18,612	18,612	Direct
2021-02-01	15,012	15,012	Direct
2021-02-01	2,517	2,517	Direct
2021-02-01	2,098	2,098	Direct

Footnotes

The transactions in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 10, 2010.
Consists of the following shares sold by the following entities: (a) 1,397 shares by ABS Capital Partners VI, LP ("ABS VI"), (b) 27 shares by ABS Capital Partners VI-A, LP ("ABS VI-A"), and (c) 166 shares by Capital Partners VI Offshore, LP ("ABS Capital Partners VI Offshore" and together with ABS VI and ABS VI-A, the "ABS Entities"). ABS Partners VI, LLC is the general partner of the ABS Entities and has voting and dispositive powers over these shares. The address for these entities affiliated with ABS Capital Partners is 400 East Pratt Street, Suite 910, Baltimore, MD 21202-3116.
Consists of the following shares held by the following entities: (a) 1,065,066 shares by ABS Capital Partners VI, LP ("ABS VI"), (b) 20,290 shares by ABS Capital Partners VI-A, LP ("ABS VI-A"), and (c) 126,595 shares by Capital Partners VI Offshore, LP ("ABS Capital Partners VI Offshore" and together with ABS VI and ABS VI-A, the "ABS Entities"). ABS Partners VI, LLC is the general partner of the ABS Entities and has voting and dispositive powers over these shares. The address for these entities affiliated with ABS Capital Partners is 400 East Pratt Street, Suite 910, Baltimore, MD 21202-3116.
Mr. Phillip Clough is a managing member of ABS Partners VI, LLC, the general partner of the ABS Entities. Mr. Clough disclaims beneficial ownership of these shares except to the extent of his pecuniary interest. The address for these entities affiliated with ABS Capital Partners is 400 East Pratt Street, Suite 910, Baltimore, MD 21202-3116.
These options became fully vested on April 3, 2008.
These options became fully vested on October 2, 2007.
These options became fully vested on October 1, 2008.
These options became fully vested on April 29, 2009.
These options became fully vested on February 18, 2010.
These options became fully vested on February 1, 2011.
These options have a one-year vesting period such that 100% of this option grant will vest on February 1, 2012.
These restricted shares have a one-year vesting period such that 100% of this restricted share grant will vest on February 1, 2012.
These restricted shares have a one-year vesting period such that 100% of this restricted share grant will vest on February 1, 2012.