Filing Details
- Accession Number:
- 0001179110-10-013748
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2010-09-13 18:21:32
- Reporting Period:
- 2010-09-09
- Filing Date:
- 2010-09-13
- Accepted Time:
- 2010-09-13 18:21:32
- 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 | Disposition | 2010-09-09 | 25,000 | $14.40 | 5,124 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2010-09-10 | 11,376 | $7.00 | 16,500 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2010-09-10 | 12,500 | $2.00 | 29,000 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2010-09-10 | 25,000 | $14.49 | 4,000 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| 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 | 2010-09-10 | 11,376 | $7.00 | 67,500 | $7.00 |
| Common Stock | Employee Stock Option | Disposition | 2010-09-10 | 12,500 | $2.00 | 12,500 | $2.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 56,124 | 2015-10-28 | No | 4 | M | Direct | |
| 0 | 2015-02-24 | 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 Option | $12.89 | 2016-03-30 | 16,876 | 16,876 | Direct | |
| Common Stock | Employee Stock Option | $10.93 | 2017-10-01 | 70,000 | 70,000 | Direct | |
| Common Stock | Employee Stock Option | $7.48 | 2018-10-01 | 140,000 | 140,000 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2016-03-30 | 16,876 | 16,876 | Direct |
| 2017-10-01 | 70,000 | 70,000 | Direct |
| 2018-10-01 | 140,000 | 140,000 | Direct |
Footnotes
- On October 28, 2005, the reporting person was granted an option to purchase 75,000 shares of common stock. On February 28, 2006, the option vested as to 10% (7,500 shares) upon the completion of the Company's initial public offering; the remaining 90% (67,500 shares) vested upon delivery of the Company's independent accountants of an unqualified opinion on management's assessment of the Company's internal control over financial reporting in accordance with Section 404 of the Sarbanes-Oxley Act.
- These options became fully vested on March 25, 2009.
- Twenty-five percent of this option grant vested on March 30, 2007, with the remaining options vesting in monthly installments through March 30, 2010.
- 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.
- 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.
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