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Filing Details

Accession Number:: 0001235468-22-000058
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-03-31 20:15:00
Reporting Period:: 2022-03-31

Accepted Time:: 2022-03-31 20:15:00
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
1774667	John Daunt	C/O Liquidity Services, Inc. 6931 Arlington Road Suite 200 Bethesda MD 20814	Chief Commercial Officer	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	Disposition	2022-03-31	4,594	$17.85	71,971	No	4	S	Indirect	By the Daunt Family Trust

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By the Daunt Family Trust

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	2027-10-01	1,656	1,656	Direct
Common Stock	Employee Stock Grant	$0.00	2023-01-01	837	837	Direct
Common Stock	Employee Stock Option	$6.11	2028-12-04	14,033	14,833	Direct
Common Stock	Employee Stock Option	$6.11	2028-12-04	10,400	10,400	Direct
Common Stock	Employee Stock Grant	$0.00	2024-01-01	8,150	8,150	Direct
Common Stock	Employee Stock Option	$6.58	2029-04-29	10,458	10,458	Direct
Common Stock	Employee Stock Option	$6.58	2029-04-29	11,667	11,667	Direct
Common Stock	Employee Stock Grant	$0.00	2023-05-01	7,500	7,500	Direct
Common Stock	Employee Stock Option	$6.69	2029-12-03	38,950	38,950	Direct
Common Stock	Employee Stock Option	$6.69	2029-12-03	25,566	25,566	Direct
Common Stock	Employee Stock Option	$9.46	2030-12-01	61,200	61,200	Direct
Common Stock	Employee Stock Option	$9.46	2030-12-01	61,200	61,200	Direct
Common Stock	Employee Stock Grant	$0.00	2025-01-01	8,287	8,287	Direct
Common Stock	Employee Stock Option	$22.20	2031-12-07	7,740	7,740	Direct
Common Stock	Employee Stock Option	$22.20	2031-12-07	7,740	7,740	Direct
Common Stock	Employee Stock Grant	$0.00	2026-01-01	8,720	8,720	Direct
Common Stock	Employee Stock Grant	$0.00	2026-01-01	8,720	8,720	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2027-10-01	1,656	1,656	Direct
2023-01-01	837	837	Direct
2028-12-04	14,033	14,833	Direct
2028-12-04	10,400	10,400	Direct
2024-01-01	8,150	8,150	Direct
2029-04-29	10,458	10,458	Direct
2029-04-29	11,667	11,667	Direct
2023-05-01	7,500	7,500	Direct
2029-12-03	38,950	38,950	Direct
2029-12-03	25,566	25,566	Direct
2030-12-01	61,200	61,200	Direct
2030-12-01	61,200	61,200	Direct
2025-01-01	8,287	8,287	Direct
2031-12-07	7,740	7,740	Direct
2031-12-07	7,740	7,740	Direct
2026-01-01	8,720	8,720	Direct
2026-01-01	8,720	8,720	Direct

Footnotes

The sales reported in this Form 4 were effected pursuant to that certain Agreement to Establish an Irrevocable Limit Order Selling Plan by and between the Daunt Family Trust Revocable Trust and RBC Capital Markets, dated December 17, 2021 and comporting with the requirements of Rule 10b5-1
Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
These restricted stock units vest, if at all, based on total shareholder return (TSR) milestones. TSR is calculated based on the change in 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 become exercisable, if at all, based on total shareholder return (TSR) milestones. TSR is calculated based on the change in 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, 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 May 1, 2020 and thereafter, 1/48th will vest each month for thirty-six months.
Twenty-five percent of this restricted stock unit grant vested on May 1, 2020 and thereafter, an additional 1/4th vests on each of May 1, 2021, May 1, 2022 and May 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.
12/48th of this option grant vested 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.
Twenty-five percent of this restricted stock unit grant vested 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.
12/48th of this option grant will vest on January 1, 2023 and thereafter, an additional 1/48th will vest each month for thirty-six months.
Twenty-five percent of this restricted stock unit grant will vest on January 1, 2023 and thereafter, an additional 1/4th will vest on each of January 1, 2024, January 1, 2025 and January 1, 2026.
These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.