William P. Angrick III - 07 Dec 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
Issuer symbol
LQDT
Transactions as of
07 Dec 2021
Net transactions value
$0
Form type
4
Filing time
09 Dec 2021, 18:22:16 UTC
Previous filing
04 Oct 2021
Next filing
05 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding LQDT Common Stock 5,429,722 07 Dec 2021 By the William P. Angrick III Revocable Trust F1
holding LQDT Common Stock 873,379 07 Dec 2021 By the William P. Angrick III 2005 Irrevocable Trust F1
holding LQDT Common Stock 575,513 07 Dec 2021 By the Stephanie S. Angrick 2005 Irrevocable Trust F2
holding LQDT Common Stock 114,699 07 Dec 2021 By the Stephanie S. Angrick Revocable Trust F2

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 Employee Stock Option Award $0 +56,615 $0.000000 56,615 07 Dec 2021 Common Stock 56,615 $24.22 Direct F17
transaction LQDT Employee Stock Option Award $0 +56,615 $0.000000 56,615 07 Dec 2021 Common Stock 56,615 $24.22 Direct F21
transaction LQDT Employee Stock Grant Award $0 +62,800 $0.000000 62,800 07 Dec 2021 Common Stock 62,800 Direct F9, F16
transaction LQDT Employee Stock Grant Award $0 +62,800 $0.000000 62,800 07 Dec 2021 Common Stock 62,800 Direct F9, F22
holding LQDT Employee Stock Option 32,139 07 Dec 2021 Common Stock 32,139 $37.72 Direct F3
holding LQDT Employee Stock Option 48,000 07 Dec 2021 Common Stock 48,000 $9.13 Direct F4
holding LQDT Employee Stock Option 27,360 07 Dec 2021 Common Stock 27,360 $9.13 Direct F5
holding LQDT Employee Stock Option 14,695 07 Dec 2021 Common Stock 14,695 $46.72 Direct F6
holding LQDT Employee Stock Option 87,080 07 Dec 2021 Common Stock 87,080 $4.92 Direct F7
holding LQDT Employee Stock Option 130,620 07 Dec 2021 Common Stock 130,620 $4.92 Direct F8
holding LQDT Employee Stock Grant 8,650 07 Dec 2021 Common Stock 8,650 Direct F9, F10
holding LQDT Employee Stock Option 48,122 07 Dec 2021 Common Stock 48,122 $24.19 Direct F11
holding LQDT Employee Stock Option 124,200 07 Dec 2021 Common Stock 124,200 $6.72 Direct F12
holding LQDT Employee Stock Option 124,200 07 Dec 2021 Common Stock 124,200 $6.72 Direct F8
holding LQDT Employee Stock Grant 41,025 07 Dec 2021 Common Stock 41,025 Direct F9, F13
holding LQDT Employee Stock Option 139,900 07 Dec 2021 Common Stock 139,900 $7.36 Direct F14
holding LQDT Employee Stock Option 139,900 07 Dec 2021 Common Stock 139,900 $7.36 Direct F8
holding LQDT Employee Stock Grant 23,700 07 Dec 2021 Common Stock 23,700 Direct F9, F15
holding LQDT Employee Stock Grant 23,700 07 Dec 2021 Common Stock 23,700 Direct F9, F16
holding LQDT Employee Stock Option 131,950 07 Dec 2021 Common Stock 131,950 $10.41 Direct F17
holding LQDT Employee Stock Option 131,950 07 Dec 2021 Common Stock 131,950 $10.41 Direct F18
holding LQDT Employee Stock Option 56,193 07 Dec 2021 Common Stock 56,193 $7.29 Direct F19
holding LQDT Employee Stock Grant 32,358 07 Dec 2021 Common Stock 32,358 Direct F9, F20
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 These options became fully exercisable on October 1, 2015.
F4 These options became fully exercisable on October 1, 2020.
F5 These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
F6 These options became fully exercisable on October 1, 2016.
F7 15/48th of this option grant vested on January 1, 2019 and thereafter, an additional 1/48th vests each month for thirty three months.
F8 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.
F9 Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
F10 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.
F11 These options became fully exercisable on October 1, 2017.
F12 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.
F13 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.
F14 12/48th of this option grant vested on January 1, 2021 and thereafter, an additional 1/48th vests each month for thirty-six months.
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.
F16 These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F17 These options become exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F18 12/48th of this option grant will vest on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months.
F19 These options became fully exercisable on October 1, 2019.
F20 These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
F21 12/48th of this option grant will vest on January 1, 2023 and thereafter, an additional 1/48th will vest each month for thirty-six months.
F22 Twenty-five percent of this restricted stock unit grant will vest on January 1, 2023 and thereafter, an additional 1/4th will vest on each of January 1, 2024, January 1, 2025 and January 1, 2026.