Home > Insider Trading > Filing (0001235468-22-000117)

Filing Details

Accession Number:: 0001235468-22-000117
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-08-18 20:15:26
Reporting Period:: 2022-08-16

Accepted Time:: 2022-08-18 20:15:26
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
1406206	Jorge Celaya	C/O Liquidity Services, Inc. 6931 Arlington Road, Suite 200 Bethesda MD 20814	Chief Financial 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	Acquisiton	2022-08-16	2,112	$4.47	44,204	No	4	M	Direct
Common Stock	Acquisiton	2022-08-16	11,406	$6.11	55,610	No	4	M	Direct
Common Stock	Acquisiton	2022-08-16	6,613	$6.69	62,223	No	4	M	Direct
Common Stock	Disposition	2022-08-16	6,235	$19.79	55,988	No	4	F	Direct
Common Stock	Disposition	2022-08-16	5,080	$20.06	50,908	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	F	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	2022-08-16	2,112	$0.00	2,112	$4.47
Common Stock	Employee Stock Option	Disposition	2022-08-16	11,406	$0.00	11,406	$6.11
Common Stock	Employee Stock Option	Disposition	2022-08-16	6,613	$0.00	6,613	$6.69

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2017-12-11	No	4	M	Direct
3,802	2028-12-04	No	4	M	Direct
29,387	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	Employee Stock Grant	$0.00	2026-10-01	2,085	2,085	Direct
Common Stock	Employee Stock Option	$8.30	2027-03-03	2,473	2,473	Direct
Common Stock	Employee Stock Grant	$0.00	2023-01-01	1,475	1,475	Direct
Common Stock	Employee Stock Grant	$0.00	2024-01-01	11,325	11,325	Direct
Common Stock	Employee Stock Option	$9.46	2030-12-01	55,050	55,050	Direct
Common Stock	Employee Stock Option	$9.46	2030-12-01	55,050	55,050	Direct
Common Stock	Employee Stock Grant	$0.00	2025-01-01	7,462	7,462	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
2026-10-01	2,085	2,085	Direct
2027-03-03	2,473	2,473	Direct
2023-01-01	1,475	1,475	Direct
2024-01-01	11,325	11,325	Direct
2030-12-01	55,050	55,050	Direct
2030-12-01	55,050	55,050	Direct
2025-01-01	7,462	7,462	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

This transaction reflects an exercise of 2,112 options (the "2017 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 11, 2017, by and between the issuer and the reporting person.
This transaction reflects an exercise of 11,406 options (the "2018 Options") granted under the Plan and that certain Stock Option Agreement, dated December 4, 2018, by and between the issuer and the reporting person.
This transaction reflects an exercise of 6,613 options (the "2019 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 reporting person surrendered 6,235 shares with a market value of $123,390.65 to the issuer to pay the cost of the 2017 Options, the 2018 Options and the 2019 Options.
Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
These restricted stock units will vest, if at all, based on the issuer's achievement of certain financial milestones.
These options become exercisable, if at all, based on the issuer's achievement of certain financial milestones.
15/48th of this option grant vested on January 1, 2019 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, 2020 and thereafter, an additional 1/4th vests on each of January 1, 2021, January 1, 2022, and January 1, 2023.
15/48th of this option grant vested on January 1, 2020 and thereafter, an additional 1/48th vests each month for thirty-three months.
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 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, 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.