Filing Details
- Accession Number:
- 0001209191-23-007829
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-02-08 16:55:13
- Reporting Period:
- 2023-02-06
- Accepted Time:
- 2023-02-08 16:55:13
- 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 | 6931 Arlington Road Suite 200 Bethesda MD 20814 | Evp & Coo | No | Yes | No | 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 | Acquisiton | 2023-02-06 | 4,457 | $6.69 | 59,231 | No | 4 | M | Indirect | By The Daunt Family Trust |
| Common Stock | Acquisiton | 2023-02-06 | 29,920 | $9.46 | 89,151 | No | 4 | M | Indirect | By The Daunt Family Trust |
| Common Stock | Disposition | 2023-02-06 | 8,775 | $14.00 | 80,376 | No | 4 | S | Indirect | By The Daunt Family Trust |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Indirect | By The Daunt Family Trust |
| No | 4 | M | Indirect | By The Daunt Family Trust |
| No | 4 | S | Indirect | By The Daunt Family Trust |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Option Grant | Disposition | 2023-02-06 | 4,457 | $0.00 | 4,457 | $6.69 |
| Common Stock | Stock Option Grant | Disposition | 2023-02-06 | 29,920 | $0.00 | 29,920 | $9.46 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 21,109 | 2029-12-03 | No | 4 | M | Direct | |
| 31,280 | 2030-12-01 | No | 4 | M | Direct |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Option Grant | $6.11 | 2028-12-04 | 14,833 | 14,833 | Direct | |
| Common Stock | Stock Option Grant | $6.11 | 2028-12-04 | 10,400 | 10,400 | Direct | |
| Common Stock | Restricted Stock Unit Grant | $0.00 | 2024-01-01 | 4,075 | 4,075 | Direct | |
| Common Stock | Stock Option Grant | $6.58 | 2029-04-29 | 10,458 | 10,458 | Direct | |
| Common Stock | Stock Option Grant | $6.58 | 2019-04-29 | 11,667 | 11,667 | Direct | |
| Common Stock | Restricted Stock Unit Grant | $0.00 | 2023-05-01 | 3,750 | 3,750 | Direct | |
| Common Stock | Stock Option Grant | $6.69 | 2029-12-03 | 38,950 | 38,950 | Direct | |
| Common Stock | Stock Option Grant | $9.46 | 2030-12-01 | 61,200 | 61,200 | Direct | |
| Common Stock | Restricted Stock Unit Grant | $0.00 | 2025-01-01 | 5,525 | 5,525 | Direct | |
| Common Stock | Stock Option Grant | $22.20 | 2031-12-07 | 7,740 | 7,740 | Direct | |
| Common Stock | Stock Option Grant | $22.20 | 2031-12-07 | 7,740 | 7,740 | Direct | |
| Common Stock | Restricted Stock Unit Grant | $0.00 | 2026-01-01 | 6,540 | 6,540 | Direct | |
| Common Stock | Restricted Stock Unit Grant | $0.00 | 2026-01-01 | 8,720 | 8,720 | Direct | |
| Common Stock | Restricted Stock Unit Grant | $0.00 | 2027-01-01 | 20,710 | 20,710 | Direct | |
| Common Stock | Restricted Stock Unit Grant | $0.00 | 2026-01-01 | 20,710 | 20,710 | Direct | |
| Common Stock | Stock Option Grant | $14.00 | 2032-12-23 | 16,640 | 16,640 | Direct | |
| Common Stock | Stock Option Grant | $14.00 | 2032-12-23 | 16,640 | 16,640 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2028-12-04 | 14,833 | 14,833 | Direct |
| 2028-12-04 | 10,400 | 10,400 | Direct |
| 2024-01-01 | 4,075 | 4,075 | Direct |
| 2029-04-29 | 10,458 | 10,458 | Direct |
| 2019-04-29 | 11,667 | 11,667 | Direct |
| 2023-05-01 | 3,750 | 3,750 | Direct |
| 2029-12-03 | 38,950 | 38,950 | Direct |
| 2030-12-01 | 61,200 | 61,200 | Direct |
| 2025-01-01 | 5,525 | 5,525 | Direct |
| 2031-12-07 | 7,740 | 7,740 | Direct |
| 2031-12-07 | 7,740 | 7,740 | Direct |
| 2026-01-01 | 6,540 | 6,540 | Direct |
| 2026-01-01 | 8,720 | 8,720 | Direct |
| 2027-01-01 | 20,710 | 20,710 | Direct |
| 2026-01-01 | 20,710 | 20,710 | Direct |
| 2032-12-23 | 16,640 | 16,640 | Direct |
| 2032-12-23 | 16,640 | 16,640 | Direct |
Footnotes
- Represents the exercise of stock options.
- 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 performanceperiod, 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.
- 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, 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, 2022 and thereafter, 1/48th will vest each month for thirty-six 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.
- This option becomes excercisable, 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.
- Twenty-five percent of this restricted stock unit grant will vest on January 1, 2024, and thereafter 25% will vest on each of January 1, 2025, January 1, 2026 and January 1, 2027.
- 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.
- 12/48th of this option grant will vest on January 1, 2024 and thereafter, an additional 1/48th will vest each month for thirty-six months.
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