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Filing Details

Accession Number:: 0001179110-12-009160
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2012-05-25 17:10:48
Reporting Period:: 2012-05-23

Filing Date:: 2012-05-25
Accepted Time:: 2012-05-25 17:10:48
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
1352618	Iii P William Angrick	C/O Liquidity Services, Inc. 1920 L Street, N.w., 6Th Floor Washington DC 20036	Chairman Of The Board And Ceo	Yes	Yes	Yes	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	Disposition	2012-05-23	66,233	$63.05	4,370,193	No	4	S	Indirect	By the William P. Angrick III Revocable Trust
Common Stock	Disposition	2012-05-24	13,767	$63.01	4,356,426	No	4	S	Indirect	By the William P. Angrick III Revocable Trust
Common Stock	Disposition	2012-05-25	7,424	$63.06	4,349,002	No	4	S	Indirect	By the William P. Angrick III Revocable Trust

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By the William P. Angrick III Revocable Trust
No	4	S	Indirect	By the William P. Angrick III Revocable Trust
No	4	S	Indirect	By the William P. Angrick III Revocable Trust

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	307,242	Direct
Common Stock	873,379	Indirect	By the William P. Angrick III 2005 Irrevocable Trust
Common Stock	575,513	Indirect	By the Stephanie S. Angrick 2005 Irrevocable Trust
Common Stock	114,699	Indirect	By the Stephanie S. Angrick Revocable Trust

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	$37.72	2021-10-01	17,717	17,717	Direct
Common Stock	Employee Stock Option	$37.72	2021-10-01	32,139	32,139	Direct
Common Stock	Employee Stock Grant	$17.02	2020-10-01	32,832	32,832	Direct
Common Stock	Employee Stock Option	$17.02	2020-10-01	29,625	29,625	Direct
Common Stock	Employee Stock Grant	$17.02	2020-10-01	15,603	15,603	Direct
Common Stock	Employee Stock Grant	$9.96	2019-10-01	17,557	17,557	Direct
Common Stock	Employee Stock Option	$9.96	2019-10-01	59,362	59,362	Direct
Common Stock	Employee Stock Option	$8.23	2018-10-01	23,334	23,334	Direct
Common Stock	Employee Stock Option	$12.02	2017-10-01	3,501	3,501	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2021-10-01	17,717	17,717	Direct
2021-10-01	32,139	32,139	Direct
2020-10-01	32,832	32,832	Direct
2020-10-01	29,625	29,625	Direct
2020-10-01	15,603	15,603	Direct
2019-10-01	17,557	17,557	Direct
2019-10-01	59,362	59,362	Direct
2018-10-01	23,334	23,334	Direct
2017-10-01	3,501	3,501	Direct

Footnotes

These shares are held in a trust for the benefit of the reporting person. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of the securities for the purposes of Section 16 or for any other purpose.
These shares are held in a trust for the benefit of the reporting person's spouse, who is also trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of the securities for the purposes of Section 16 or for any other purpose.
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 option grant vested on October 1, 2011 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
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.
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.
Twenty-five percent of this option grant vested on October 1, 2008 and thereafter 1/48th of the option grant will vest each month for thirty-six months.