Novelette Murray - 07 Dec 2021 Form 4 Insider Report for LIQUIDITY SERVICES INC (LQDT)

Role: Chief Human Resources Officer
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, 18:25:47 UTC
Previous filing: 15 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						26,144	07 Dec 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
transaction	LQDT	Employee Stock Option	Award	$0	+6,190		$0.000000	6,190	07 Dec 2021	Common Stock	6,190	$22.20	Direct	F16
transaction	LQDT	Employee Stock Option	Award	$0	+6,190		$0.000000	6,190	07 Dec 2021	Common Stock	6,190	$22.20	Direct	F13
transaction	LQDT	Employee Stock Grant	Award	$0	+6,980		$0.000000	6,980	07 Dec 2021	Common Stock	6,980		Direct	F1, F17
transaction	LQDT	Employee Stock Grant	Award	$0	+6,980		$0.000000	6,980	07 Dec 2021	Common Stock	6,980		Direct	F1, F15
holding	LQDT	Employee Stock Grant						1,387	07 Dec 2021	Common Stock	1,387		Direct	F1, F2
holding	LQDT	Employee Stock Option						4,450	07 Dec 2021	Common Stock	4,450	$6.69	Direct	F3
holding	LQDT	Employee Stock Option						4,450	07 Dec 2021	Common Stock	4,450	$6.69	Direct	F4
holding	LQDT	Employee Stock Grant						1,050	07 Dec 2021	Common Stock	1,050		Direct	F1, F5
holding	LQDT	Employee Stock Option						12,900	07 Dec 2021	Common Stock	12,900	$6.11	Direct	F6
holding	LQDT	Employee Stock Option						12,900	07 Dec 2021	Common Stock	12,900	$6.11	Direct	F4
holding	LQDT	Employee Stock Grant						1,333	07 Dec 2021	Common Stock	1,333		Direct	F1, F7
holding	LQDT	Employee Stock Option						1,850	07 Dec 2021	Common Stock	1,850	$10.30	Direct	F8
holding	LQDT	Employee Stock Option						1,850	07 Dec 2021	Common Stock	1,850	$10.30	Direct	F9
holding	LQDT	Employee Stock Grant						554	07 Dec 2021	Common Stock	554		Direct	F1, F10
holding	LQDT	Employee Stock Grant						15,000	07 Dec 2021	Common Stock	15,000		Direct	F1, F11
holding	LQDT	Employee Stock Option						32,750	07 Dec 2021	Common Stock	32,750	$9.46	Direct	F12
holding	LQDT	Employee Stock Option						32,750	07 Dec 2021	Common Stock	32,750	$9.46	Direct	F13
holding	LQDT	Employee Stock Grant						5,900	07 Dec 2021	Common Stock	5,900		Direct	F1, F14
holding	LQDT	Employee Stock Grant						5,900	07 Dec 2021	Common Stock	5,900		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	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.
F3	12/48th of this option grant vested on January 1, 2021 and thereafter, an additional 1/48th vests each month for thirty-six months.
F4	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.
F5	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.
F6	12/48th of this option grant vested on January 1, 2020 and thereafter an additional 1/48th vests each month for thirty-six months.
F7	These restricted stock units vest, if at all, based on the completion of the Issuer's strategic transformation as well as the Issuer's achievement of certain financial milestones.
F8	These options become exercisable, if at all, based on the completion of the Issuer's strategic transformation as well as the Issuer's achievement of certain financial milestones.
F9	15/48th of this option grant vested on January 1, 2018 and thereafter, an additional 1/48th vests each month for thirty-three months.
F10	These restricted stock units vest, if at all, based on the Issuer's achievement of certain financial milestones.
F11	Twenty-five percent of this restricted stock unit grant will vest on October 1, 2021 and thereafter, an additional 1/4th will vest on each of October 1, 2022, October 1, 2023, and October 1, 2024.
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	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.
F15	These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F16	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.
F17	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.