Phillip A. Clough - Aug 2, 2021 Form 4 Insider Report for LIQUIDITY SERVICES INC (LQDT)

Role
Director
Signature
/s/ Mark A. Shaffer, by power of attorney
Stock symbol
LQDT
Transactions as of
Aug 2, 2021
Transactions value $
$92,652
Form type
4
Date filed
8/2/2021, 05:23 PM
Next filing
Feb 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LQDT Common Stock Options Exercise $92.7K +14.7K +20.1% $6.29 88K Aug 2, 2021 Direct F1

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 -14.7K -100% $0.00* 0 Aug 2, 2021 Common Stock 14.7K $6.29 Direct F1
holding LQDT Stock Option 5.33K Aug 2, 2021 Common Stock 5.33K $42.31 Direct
holding LQDT Stock Option 5.95K Aug 2, 2021 Common Stock 5.95K $40.11 Direct
holding LQDT Stock Option 13.1K Aug 2, 2021 Common Stock 13.1K $21.53 Direct
holding LQDT Stock Option 19.1K Aug 2, 2021 Common Stock 19.1K $9.84 Direct
holding LQDT Stock Option 3.56K Aug 2, 2021 Common Stock 3.56K $9.75 Direct
holding LQDT Stock Option 15.3K Aug 2, 2021 Common Stock 15.3K $6.50 Direct
holding LQDT Stock Option 11.8K Aug 2, 2021 Common Stock 11.8K $8.50 Direct
holding LQDT Stock Option 6.98K Aug 2, 2021 Common Stock 6.98K $5.32 Direct
holding LQDT Restricted Stock Grant 3.72K Aug 2, 2021 Common Stock 3.72K Direct F2, F3
holding LQDT Stock Option 1.62K Aug 2, 2021 Common Stock 1.62K $21.48 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction reflects an exercise of stock options granted to the reporting person as compensation pursuant to the issuer's Third Amended and Restated 2006 Omnibus Long-Term Incentive Plan and the Stock Option Agreement, dated February 1, 2016, by and between the issuer and the reporting person. As a result of this exercise of stock options, the reporting person acquired 14,730 shares of common stock directly from the issuer for a purchase price of $92,651.70. No shares were sold by the reporting person. This acquisition of 14,730 shares of common stock represents an exempt transaction under SEC Rule 16b-3.
F2 Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
F3 These restricted stock units vest on February 1, 2022.