Filing Details

Accession Number:
0001179110-11-016686
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-12-15 17:13:35
Reporting Period:
2011-12-13
Filing Date:
2011-12-15
Accepted Time:
2011-12-15 17:13:35
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 2011-12-13 4,667 $7.48 5,267 No 4 M Direct
Common Stock Acquisiton 2011-12-13 1,028 $15.47 6,295 No 4 M Direct
Common Stock Disposition 2011-12-13 5,695 $38.07 600 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Employee Stock Option Disposition 2011-12-13 4,667 $7.48 56,003 $7.48
Common Stock Employee Stock Option Disposition 2011-12-13 1,028 $15.47 18,492 $15.47
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
51,336 2018-10-01 No 4 M Direct
17,464 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. 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.
  2. 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.
  3. 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.
  4. These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.