Filing Details

Accession Number:
0001179110-11-016493
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-12-12 17:12:38
Reporting Period:
2011-12-08
Filing Date:
2011-12-12
Accepted Time:
2011-12-12 17:12:38
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
1352872 Edwin James Williams C/O Liquidity Services, Inc.
1920 L Street, N.w., 6Th Floor
Washington DC 20036
Vp, Gen. Counsel & Secretary 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 2011-12-08 626 $10.93 1,326 No 4 M Direct
Common Stock Acquisiton 2011-12-08 1,687 $7.48 3,013 No 4 M Direct
Common Stock Acquisiton 2011-12-08 1,521 $9.05 4,534 No 4 M Direct
Common Stock Acquisiton 2011-12-08 2,913 $15.47 7,447 No 4 M Direct
Common Stock Disposition 2011-12-08 6,747 $37.13 700 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 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 2011-12-08 626 $10.93 626 $10.93
Common Stock Employee Stock Option Disposition 2011-12-08 1,687 $7.48 7,313 $7.48
Common Stock Employee Stock Option Disposition 2011-12-08 1,521 $9.05 12,676 $9.05
Common Stock Employee Stock Option Disposition 2011-12-08 2,913 $15.47 9,988 $15.47
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2017-10-01 No 4 M Direct
5,626 2018-10-01 No 4 M Direct
11,155 2019-10-01 No 4 M Direct
7,075 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 Restricted Stock Grant $9.05 2019-10-01 3,889 3,889 Direct
Common Stock Employee Stock Grant $15.47 2020-10-01 5,070 5,070 Direct
Common Stock Employee Stock Grant $15.47 2020-10-01 5,000 5,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2019-10-01 3,889 3,889 Direct
2020-10-01 5,070 5,070 Direct
2020-10-01 5,000 5,000 Direct
Footnotes
  1. These options became fully vested on October 1, 2011.
  2. Twenty-five percent of this option grant vested on October 1, 2009 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
  3. Twenty-five percent of this restricted stock grant vested on October 1, 2010 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years.
  4. Twenty-five percent of this option grant vested on October 1, 2010 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
  5. Twenty-five percent of this restricted stock grant vested on October 1, 2011 and thereafter 1/4th 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.