William P. Angrick III - Jun 30, 2021 Form 4 Insider Report for LIQUIDITY SERVICES INC (LQDT)

Role
Chairman of the Board and CEO, Director, 10%+ Owner
Signature
/s/ Mark A. Shaffer, by power of attorney
Stock symbol
LQDT
Transactions as of
Jun 30, 2021
Transactions value $
-$2,569,500
Form type
4
Date filed
7/2/2021, 06:50 PM
Previous filing
May 25, 2021
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 -$2.52M -100K -1.81% $25.22 5.43M Jun 30, 2021 By the William P. Angrick III Revocable Trust F1, F2
transaction LQDT Common Stock Sale -$47.5K -1.9K -0.03% $25.00 5.43M Jul 1, 2021 By the William P. Angrick III Revocable Trust F1, F2
holding LQDT Common Stock 873K Jun 30, 2021 By the William P. Angrick III 2005 Irrevocable Trust F2
holding LQDT Common Stock 576K Jun 30, 2021 By the Stephanie S. Angrick 2005 Irrevocable Trust F3
holding LQDT Common Stock 115K Jun 30, 2021 By the Stephanie S. Angrick Revocable Trust 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
holding LQDT Employee Stock Grant 2.05K Jun 30, 2021 Common Stock 2.05K Direct F4, F5
holding LQDT Employee Stock Option 32.1K Jun 30, 2021 Common Stock 32.1K $37.72 Direct F6
holding LQDT Employee Stock Option 48K Jun 30, 2021 Common Stock 48K $9.13 Direct F7
holding LQDT Employee Stock Option 27.4K Jun 30, 2021 Common Stock 27.4K $9.13 Direct F8
holding LQDT Employee Stock Option 14.7K Jun 30, 2021 Common Stock 14.7K $46.72 Direct F9
holding LQDT Employee Stock Option 87.1K Jun 30, 2021 Common Stock 87.1K $4.92 Direct F10
holding LQDT Employee Stock Option 131K Jun 30, 2021 Common Stock 131K $4.92 Direct F11
holding LQDT Employee Stock Grant 8.65K Jun 30, 2021 Common Stock 8.65K Direct F4, F12
holding LQDT Employee Stock Option 48.1K Jun 30, 2021 Common Stock 48.1K $24.19 Direct F13
holding LQDT Employee Stock Option 124K Jun 30, 2021 Common Stock 124K $6.72 Direct F14
holding LQDT Employee Stock Option 124K Jun 30, 2021 Common Stock 124K $6.72 Direct F11
holding LQDT Employee Stock Grant 41K Jun 30, 2021 Common Stock 41K Direct F4, F15
holding LQDT Employee Stock Option 140K Jun 30, 2021 Common Stock 140K $7.36 Direct F16
holding LQDT Employee Stock Option 140K Jun 30, 2021 Common Stock 140K $7.36 Direct F11
holding LQDT Employee Stock Grant 23.7K Jun 30, 2021 Common Stock 23.7K Direct F4, F17
holding LQDT Employee Stock Grant 23.7K Jun 30, 2021 Common Stock 23.7K Direct F4, F18
holding LQDT Employee Stock Option 132K Jun 30, 2021 Common Stock 132K $10.41 Direct F19
holding LQDT Employee Stock Option 132K Jun 30, 2021 Common Stock 132K $10.41 Direct F20
holding LQDT Employee Stock Option 56.2K Jun 30, 2021 Common Stock 56.2K $7.29 Direct F21
holding LQDT Employee Stock Grant 32.4K Jun 30, 2021 Common Stock 32.4K Direct F4, F22
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to that certain Agreement to Establish an Irrevocable Limit Order Selling Plan by and between The William P. Angrick III Revocable Trust and RBC Capital Markets, dated June 10, 2021 and comporting with the requirements of Rule 10b5-1.
F2 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.
F3 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.
F4 Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
F5 Twenty-five percent of this restricted stock unit grant vested on January 1, 2019 and thereafter, an additional 1/4th vests on each of October 1, 2019, October 1, 2020, and October 1, 2021.
F6 These options became fully exercisable on October 1, 2015.
F7 These options became fully exercisable on October 1, 2020.
F8 These options become exercisable, if at all, based on the issuer's achievement of certain financial milestones.
F9 These options became fully exercisable on October 1, 2016.
F10 15/48th of this option grant vested on January 1, 2019 and thereafter, an additional 1/48th vests each month for thirty three months.
F11 This option becomes 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.
F12 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.
F13 These options became fully exercisable on October 1, 2017.
F14 15/48th of this option grant vested on January 1, 2020 and thereafter, an additional 1/48th will vest each month for thirty-three months.
F15 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.
F16 12/48th of this option grant vested on January 1, 2021 and thereafter, an additional 1/48th vests each month for thirty-six months.
F17 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.
F18 These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F19 These options vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F20 12/48th of this option grant will vest on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months.
F21 These options became fully exercisable on October 1, 2019.
F22 These restricted stock units will vest, if at all, based on the issuer's achievement of certain financial milestones.