George H. Ellis - 10 May 2021 Form 4 Insider Report for LIQUIDITY SERVICES INC (LQDT)

Role
Director
Signature
/s/ Mark A. Shaffer, by power of attorney
Issuer symbol
LQDT
Transactions as of
10 May 2021
Net transactions value
-$593,432
Form type
4
Filing time
11 May 2021, 18:24:01 UTC
Next filing
04 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LQDT Common Stock Options Exercise $102,879 +16,356 +59% $6.29 43,970 10 May 2021 Direct F1
transaction LQDT Common Stock Sale $390,908 -16,356 -37% $23.90 27,614 10 May 2021 Direct
transaction LQDT Common Stock Options Exercise $104,175 +16,562 +60% $6.29 44,176 11 May 2021 Direct F2
transaction LQDT Common Stock Sale $409,578 -16,562 -37% $24.73 27,614 11 May 2021 Direct
holding LQDT Common Stock 1,160 10 May 2021 I.R.A. F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LQDT Stock Option Options Exercise $0 -44,192 -100% $0.000000* 0 10 May 2021 Common Stock 44,192 $6.29 Direct F4, F5
holding LQDT Stock Option 5,328 10 May 2021 Common Stock 5,328 $42.31 Direct
holding LQDT Stock Option 5,954 10 May 2021 Common Stock 5,954 $40.11 Direct
holding LQDT Stock Option 13,144 10 May 2021 Common Stock 13,144 $21.53 Direct
holding LQDT Restricted Stock Grant 4,655 10 May 2021 Common Stock 4,655 Direct F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person exercised 22,000 stock options on a share withhold basis. 5,644 shares were withheld to cover the cost of the options resulting in a net amount of 16,356 shares acquired.
F2 The reporting person exercised 22,192 stock options on a share withhold basis. 5,630 shares were withheld to cover the cost of the options resulting in a net amount of 16,562 shares acquired.
F3 George H. Ellis Individual Retirement Account with Northern Trust Company as Trustee.
F4 The reporting person exercised 22,000 stock options on May 10, 2021 and 22,192 on May 11, 2021.
F5 Represents the exercise of stock options.
F6 Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
F7 These restricted stock units vest on February 1, 2022.