Phillip A. Clough - 02 Aug 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
02 Aug 2021
Net transactions value
+$92,652
Form type
4
Filing time
02 Aug 2021, 17:23:17 UTC
Next filing
02 Feb 2022
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 $92,652 +14,730 +20% $6.29 87,997 02 Aug 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 -14,730 -100% $0.000000* 0 02 Aug 2021 Common Stock 14,730 $6.29 Direct F1
holding LQDT Stock Option 5,328 02 Aug 2021 Common Stock 5,328 $42.31 Direct
holding LQDT Stock Option 5,954 02 Aug 2021 Common Stock 5,954 $40.11 Direct
holding LQDT Stock Option 13,144 02 Aug 2021 Common Stock 13,144 $21.53 Direct
holding LQDT Stock Option 19,050 02 Aug 2021 Common Stock 19,050 $9.84 Direct
holding LQDT Stock Option 3,561 02 Aug 2021 Common Stock 3,561 $9.75 Direct
holding LQDT Stock Option 15,344 02 Aug 2021 Common Stock 15,344 $6.50 Direct
holding LQDT Stock Option 11,816 02 Aug 2021 Common Stock 11,816 $8.50 Direct
holding LQDT Stock Option 6,980 02 Aug 2021 Common Stock 6,980 $5.32 Direct
holding LQDT Restricted Stock Grant 3,724 02 Aug 2021 Common Stock 3,724 Direct F2, F3
holding LQDT Stock Option 1,622 02 Aug 2021 Common Stock 1,622 $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.