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Filing Details

Accession Number:: 0001179110-12-006948
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2012-04-18 18:20:57
Reporting Period:: 2012-04-16

Filing Date:: 2012-04-18
Accepted Time:: 2012-04-18 18:20:57
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
1294242	Cayce G Roy	C/O Liquidity Services, Inc. 1920 L Street, N.w., 6Th Floor Washington DC 20036	Exec. Vp/Pres. Asset Recovery	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
Common Stock	Disposition	2012-04-16	2,372	$51.46	0	No	4	S	Direct
Common Stock	Acquisiton	2012-04-17	10,000	$10.82	10,000	No	4	M	Direct
Common Stock	Disposition	2012-04-17	10,000	$52.82	0	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Employee Stock Option	Disposition	2012-04-17	10,000	$10.82	52,611	$10.82

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
42,611		2018-07-30	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	Employee Stock Grant	$31.11	2021-10-01	4,704	4,704	Direct
Common Stock	Employee Stock Option	$31.11	2021-10-01	7,806	7,806	Direct
Common Stock	Employee Stock Grant	$15.47	2020-10-01	6,525	6,525	Direct
Common Stock	Employee Stock Option	$15.47	2020-10-01	12,856	12,856	Direct
Common Stock	Employee Stock Grant	$15.47	2020-10-01	19,503	19,503	Direct
Common Stock	Restricted Stock Grant	$9.05	2019-10-01	4,711	4,711	Direct
Common Stock	Employee Stock Option	$9.05	2019-10-01	15,355	15,355	Direct
Common Stock	Employee Stock Option	$10.82	2018-07-30	320,000	320,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2021-10-01	4,704	4,704	Direct
2021-10-01	7,806	7,806	Direct
2020-10-01	6,525	6,525	Direct
2020-10-01	12,856	12,856	Direct
2020-10-01	19,503	19,503	Direct
2019-10-01	4,711	4,711	Direct
2019-10-01	15,355	15,355	Direct
2018-07-30	320,000	320,000	Direct

Footnotes

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.
Twenty-five percent of this restricted stock grant will vest on October 1, 2012 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years.
Twenty-five percent of this option grant will vest on October 1, 2012 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
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.
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.
These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
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.
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.
This option becomes exercisable, if at all, based on the Issuer's Asset Recovery Division's achievement of certain financial milestones.
Twenty-five percent of this option grant vested on August 25, 2009 and thereafter 1/48th of the option grant will vest each month for thirty-six months.