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Filing Details

Accession Number:: 0001235468-22-000115
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-08-18 19:47:32
Reporting Period:: 2022-08-17

Accepted Time:: 2022-08-18 19:47:32
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
1782925	Steven Weiskircher	C/O Liquidity Services, Inc. 6931 Arlington Road Suite 200 Bethesda MD 20814	Chief Technology 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
Common Stock	Acquisiton	2022-08-17	5,132	$9.46	72,070	No	4	M	Direct
Common Stock	Disposition	2022-08-17	5,132	$19.38	66,938	No	4	S	Direct
Common Stock	Acquisiton	2022-08-17	17,212	$6.69	84,150	No	4	M	Direct
Common Stock	Acquisiton	2022-08-17	15,010	$9.46	99,160	No	4	M	Direct
Common Stock	Disposition	2022-08-17	32,222	$19.39	66,938	No	4	S	Direct

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

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Employee Stock Option	Disposition	2022-08-17	48,250	$0.00	48,250	$9.46
Common Stock	Employee Stock Option	Disposition	2022-08-17	14,318	$0.00	48,250	$9.46
Common Stock	Employee Stock Option	Disposition	2022-08-17	32,750	$0.00	32,750	$6.69

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2030-12-01	No	4	M	Direct
33,932	2030-12-01	No	4	M	Direct
0	2029-12-03	No	4	M	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 Grant	$0.00	2025-01-01	5,275	5,275	Direct
Common Stock	Employee Stock Option	$6.69	2029-12-03	32,750	32,750	Direct
Common Stock	Employee Stock Grant	$0.00	2024-01-01	8,100	8,100	Direct
Common Stock	Employee Stock Grant	$0.00	2023-09-01	37,500	37,500	Direct
Common Stock	Employee Stock Option	$22.20	2031-12-07	12,380	12,380	Direct
Common Stock	Employee Stock Option	$22.20	2031-12-07	12,380	12,380	Direct
Common Stock	Employee Stock Grant	$0.00	2026-01-01	13,960	13,960	Direct
Common Stock	Employee Stock Grant	$0.00	2026-01-01	13,960	13,960	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2025-01-01	5,275	5,275	Direct
2029-12-03	32,750	32,750	Direct
2024-01-01	8,100	8,100	Direct
2023-09-01	37,500	37,500	Direct
2031-12-07	12,380	12,380	Direct
2031-12-07	12,380	12,380	Direct
2026-01-01	13,960	13,960	Direct
2026-01-01	13,960	13,960	Direct

Footnotes

This transaction reflects an exercise of 14,318 options granted under the Liquidity Services, Inc. Third Amended and Restated 2006 Omnibus Long-Term Incentive Plan (as amended, the "Plan") and that certain Stock Option Agreement, dated December 1, 2020, by and between the issuer and the reporting person. The issuer withheld 9,186 shares to cover the cost of the options and taxes and 5,132 shares were acquired by the reporting person.
This transaction reflects an exercise of 32,750 options granted under the Plan and that certain Stock Option Agreement, dated December 3, 2019, by and between the issuer and the reporting person. The issuer withheld 17,740 shares to cover the cost of the options and taxes and 15,010 shares were acquired by the reporting person.
This transaction reflects an exercise of 48,250 options granted under the Plan and that certain Stock Option Agreement, dated December 1, 2020, by and between the issuer and the reporting person. The issuer withheld 31,038 shares to cover the cost of the options and taxes and 17,212 shares were acquired by the reporting person.
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 vested on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months.
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, 2022 and thereafter, an additional 1/4th will vest on each of January 1, 2023, January 1, 2024 and January 1, 2025.
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.
12/48th of this option grant vested on January 1, 2021 and, thereafter, 1/48th of the option grant vests each month for thirty-six 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.
Twenty-five percent of this restricted stock grant vested on September 1, 2020 and thereafter, an additional 1/4 vests on September 1 of each year for three years.
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.
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, 2023 and thereafter, an additional 1/4th will vest on each of January 1, 2024, January 1, 2025 and January 1, 2026.