Filing Details

Accession Number:
0001179110-11-014205
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-10-12 17:26:36
Reporting Period:
2011-10-10
Filing Date:
2011-10-12
Accepted Time:
2011-10-12 17:26:36
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1235468 Liquidity Services Inc LQDT Services-Business Services, Nec (7389) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1352659 M James Rallo C/O Liquidity Services, Inc.
1920 L Street, N.w., 6Th Floor
Washington DC 20036
Cfo, Treasurer 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 2011-10-10 16,876 $12.89 17,476 No 4 M Direct
Common Stock Acquisiton 2011-10-10 1,961 $10.93 19,437 No 4 M Direct
Common Stock Acquisiton 2011-10-10 6,163 $15.47 25,600 No 4 M Direct
Common Stock Disposition 2011-10-10 25,000 $31.43 600 No 4 S Direct
Common Stock Acquisiton 2011-10-11 25,000 $10.93 25,600 No 4 M Direct
Common Stock Disposition 2011-10-11 25,000 $30.75 600 No 4 S Direct
Common Stock Acquisiton 2011-10-12 17,439 $10.93 18,039 No 4 M Direct
Common Stock Acquisiton 2011-10-12 2,997 $7.48 21,036 No 4 M Direct
Common Stock Disposition 2011-10-12 20,436 $30.83 600 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 M Direct
No 4 M Direct
No 4 S Direct
No 4 M Direct
No 4 S Direct
No 4 M Direct
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Employee Stock Option Disposition 2011-10-10 16,876 $12.89 16,876 $12.89
Common Stock Employee Stock Option Disposition 2011-10-10 1,961 $10.93 44,400 $10.93
Common Stock Common Stock Disposition 2011-10-11 25,000 $10.93 42,439 $10.93
Common Stock Employee Stock Option Disposition 2011-10-12 17,439 $10.93 17,439 $10.93
Common Stock Employee Stock Option Disposition 2011-10-12 2,997 $7.48 59,000 $7.48
Common Stock Employee Stock Option Disposition 2011-10-10 6,163 $15.47 24,655 $15.47
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2016-03-30 No 4 M Direct
42,439 2017-10-01 No 4 M Direct
17,439 2017-10-01 No 4 M Direct
0 2017-10-01 No 4 M Direct
56,003 2018-10-01 No 4 M Direct
18,492 2020-10-01 No 4 M Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Employee Stock Grant $15.47 2020-10-01 12,514 12,514 Direct
Common Stock Employee Stock Grant $15.47 2020-10-01 10,000 10,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2020-10-01 12,514 12,514 Direct
2020-10-01 10,000 10,000 Direct
Footnotes
  1. The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 9, 2011.
  2. These options became fully vested on March 30, 2010.
  3. These options became fully vested on October 1, 2011.
  4. Twenty percent of this option grant vested on October 1, 2009 and thereafter 1/60th of the option grant will vest each month for forty-eight months.
  5. Twenty-five percent of this restricted stock grant vested on October 1, 2011 and thereafter 1/48th of the restricted stock grant will vest on October 1 of each year for three years.
  6. Twenty-five percent of this option grant vested on October 1, 2011 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
  7. These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.