Home > Insider Trading > Filing (0001209191-23-032574)

Filing Details

Accession Number:: 0001209191-23-032574
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-05-26 16:43:36
Reporting Period:: 2023-05-25

Accepted Time:: 2023-05-26 16:43:36
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 & Cco	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	Acquisiton	2023-05-25	2,062	$6.11	55,136	No	4	M	Indirect	By The Daunt Family Trust
Common Stock	Disposition	2023-05-25	2,062	$15.11	53,074	No	4	S	Indirect	By The Daunt Family Trust
Common Stock	Acquisiton	2023-05-25	4,305	$6.58	57,379	No	4	M	Indirect	By The Daunt Family Trust
Common Stock	Disposition	2023-05-25	4,305	$15.11	53,074	No	4	S	Indirect	By The Daunt Family Trust
Common Stock	Acquisiton	2023-05-25	2,147	$6.69	55,221	No	4	M	Indirect	By The Daunt Family Trust
Common Stock	Disposition	2023-05-25	2,147	$15.11	53,074	No	4	S	Indirect	By The Daunt Family Trust
Common Stock	Acquisiton	2023-05-25	17,308	$9.46	70,382	No	4	M	Indirect	By The Daunt Family Trust
Common Stock	Disposition	2023-05-25	17,308	$15.11	53,074	No	4	S	Indirect	By The Daunt Family Trust
Common Stock	Acquisiton	2023-05-26	1,895	$6.58	55	No	4	M	Indirect	By The Daunt Family Trust
Common Stock	Disposition	2023-05-26	1,895	$15.02	53,074	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	S	Indirect	By The Daunt Family Trust
No	4	M	Indirect	By The Daunt Family Trust
No	4	S	Indirect	By The Daunt Family Trust
No	4	M	Indirect	By The Daunt Family Trust
No	4	S	Indirect	By The Daunt Family Trust
No	4	M	Indirect	By The Daunt Family Trust
No	4	S	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

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Option Grant	Disposition	2023-05-25	4,767	$0.00	14,833	$6.11
Common Stock	Stock Option Grant	Disposition	2023-05-25	10,458	$0.00	10,458	$6.58
Common Stock	Stock Option Grant	Disposition	2023-05-26	4,584	$0.00	11,667	$6.58
Common Stock	Stock Option Grant	Disposition	2023-05-25	5,280	$0.00	21,109	$6.69
Common Stock	Stock Option Grant	Disposition	2023-05-25	61,200	$0.00	61,200	$9.46

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
10,066	2028-12-04	No	4	M	Direct
0	2029-04-29	No	4	M	Direct
7,083	2019-04-29	No	4	M	Direct
15,829	2029-12-03	No	4	M	Direct
0	2030-12-01	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	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	$6.69	2029-12-03	38,950	38,950	Direct
Common Stock	Stock Option Grant	$9.46	2030-12-01	29,325	29,325	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	10,400	10,400	Direct
2024-01-01	4,075	4,075	Direct
2029-12-03	38,950	38,950	Direct
2030-12-01	29,325	29,325	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

The reporting person exercised 4,767 stock options; 2,705 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 2,062 shares were acquired by the reporting person.
The reporting person exercised 10,458 stock options; 6,153 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 4,305 shares were acquired by the reporting person.
The reporting person exercised 5,280 stock options; 3,133 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 2,147 shares were acquired by the reporting person.
The reporting person exercised 61,200 stock options; 43,892 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 17,308 shares were acquired by the reporting person.
The reporting person exercised 4,584 stock options; 2,689 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 1,895 shares were acquired by the reporting person.
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 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.
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.
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.