John Daunt - May 12, 2021 Form 4 Insider Report for LIQUIDITY SERVICES INC (LQDT)

Role
Chief Commercial Officer
Signature
/s/ Mark A. Shaffer, by power of attorney
Stock symbol
LQDT
Transactions as of
May 12, 2021
Transactions value $
-$179,918
Form type
4
Date filed
5/14/2021, 05:32 PM
Next filing
Oct 4, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LQDT Common Stock Sale -$180K -6.07K -8.82% $29.66 62.7K May 12, 2021 Direct

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
holding LQDT Employee Stock Grant 1.66K May 12, 2021 Common Stock 1.66K Direct F1, F2
holding LQDT Employee Stock Grant 2.01K May 12, 2021 Common Stock 2.01K Direct F1, F3
holding LQDT Employee Stock Grant 1.68K May 12, 2021 Common Stock 1.68K Direct F1, F4
holding LQDT Employee Stock Option 14.8K May 12, 2021 Common Stock 14K $6.11 Direct F5
holding LQDT Employee Stock Option 10.4K May 12, 2021 Common Stock 10.4K $6.11 Direct F6
holding LQDT Employee Stock Grant 12.2K May 12, 2021 Common Stock 12.2K Direct F1, F7
holding LQDT Employee Stock Option 10.5K May 12, 2021 Common Stock 10.5K $6.58 Direct F5
holding LQDT Employee Stock Option 11.7K May 12, 2021 Common Stock 11.7K $6.58 Direct F8
holding LQDT Employee Stock Grant 7.5K May 12, 2021 Common Stock 7.5K Direct F1, F9
holding LQDT Employee Stock Option 33.7K May 12, 2021 Common Stock 33.7K $6.69 Direct F5
holding LQDT Employee Stock Option 39K May 12, 2021 Common Stock 39K $6.69 Direct F10
holding LQDT Employee Stock Grant 30K May 12, 2021 Common Stock 30K Direct F1, F11
holding LQDT Employee Stock Option 61.2K May 12, 2021 Common Stock 61.2K $9.46 Direct F12
holding LQDT Employee Stock Option 61.2K May 12, 2021 Common Stock 61.2K $9.46 Direct F13
holding LQDT Employee Stock Grant 11.1K May 12, 2021 Common Stock 11.1K Direct F1, F14
holding LQDT Employee Stock Grant 11.1K May 12, 2021 Common Stock 11.1K Direct F1, F15
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
F2 These restricted stock units vest, if at all, based on total shareholder return (TSR) milestones. TSR is calculated based on the change in a the issuer's stock price during the performance period, taking into account any dividends paid during that period, which are assumed to be reinvested in the stock.
F3 Twenty-five percent of this restricted stock unit grant vested on April 1, 2019 and thereafter, an additional 1/4th vests on each of July 1, 2019, October 1, 2020, and October 1, 2021.
F4 Twenty-five percent of this restricted stock unit grant vested on January 1, 2020 and thereafter, an additional 1/4th vests on each of January 1, 2021, January 1, 2022, and January 1, 2023.
F5 These options become exercisable, if at all, based on total shareholder return (TSR) milestones. TSR is calculated based on the change in a the issuer's stock price during the performance period, taking into account any dividends paid during that period, which are assumed to be reinvested in the stock.
F6 15/48th of this option grant vested on January 1, 2020 and thereafter, an additional 1/48th vests each month for thirty-three months.
F7 Twenty-five percent of this restricted stock unit grant vested on January 1, 2021 and thereafter, an additional 1/4th vests on each of January 1, 2022, January 1, 2023 and January 1, 2024.
F8 12/48th of this option grant vested on May 1, 2020 and thereafter, 1/48th will vest each month for thirty-six months.
F9 Twenty-five percent of this restricted stock unit grant vested on May 1, 2020 and thereafter, an additional 1/4th vests on each of May 1, 2021, May 1, 2022 and May 1, 2023.
F10 12/48th of this option grant vested on January 1, 2021 and thereafter, an additional 1/48th vests each month for thirty-six months.
F11 These restricted stock units vest, if at all, based on certain commercial contribution margin milestones of the issuer.
F12 12/48th of this option grant will vest on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months.
F13 This option becomes exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F14 These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F15 Twenty-five percent of this restricted stock unit grant will vest on January 1, 2022 and thereafter, an additional 1/4th will vest on each of January 1, 2023, January 1, 2024 and January 1, 2025.