Novelette Murray - Dec 7, 2021 Form 4 Insider Report for LIQUIDITY SERVICES INC (LQDT)

Role
Chief Human Resources Officer
Signature
/s/ Mark A. Shaffer, by power of attorney
Stock symbol
LQDT
Transactions as of
Dec 7, 2021
Transactions value $
$0
Form type
4
Date filed
12/9/2021, 06:25 PM
Previous filing
Oct 15, 2021
Next filing
Jan 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding LQDT Common Stock 26.1K Dec 7, 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 +6.19K $0.00 6.19K Dec 7, 2021 Common Stock 6.19K $22.20 Direct F16
transaction LQDT Employee Stock Option Award $0 +6.19K $0.00 6.19K Dec 7, 2021 Common Stock 6.19K $22.20 Direct F13
transaction LQDT Employee Stock Grant Award $0 +6.98K $0.00 6.98K Dec 7, 2021 Common Stock 6.98K Direct F1, F17
transaction LQDT Employee Stock Grant Award $0 +6.98K $0.00 6.98K Dec 7, 2021 Common Stock 6.98K Direct F1, F15
holding LQDT Employee Stock Grant 1.39K Dec 7, 2021 Common Stock 1.39K Direct F1, F2
holding LQDT Employee Stock Option 4.45K Dec 7, 2021 Common Stock 4.45K $6.69 Direct F3
holding LQDT Employee Stock Option 4.45K Dec 7, 2021 Common Stock 4.45K $6.69 Direct F4
holding LQDT Employee Stock Grant 1.05K Dec 7, 2021 Common Stock 1.05K Direct F1, F5
holding LQDT Employee Stock Option 12.9K Dec 7, 2021 Common Stock 12.9K $6.11 Direct F6
holding LQDT Employee Stock Option 12.9K Dec 7, 2021 Common Stock 12.9K $6.11 Direct F4
holding LQDT Employee Stock Grant 1.33K Dec 7, 2021 Common Stock 1.33K Direct F1, F7
holding LQDT Employee Stock Option 1.85K Dec 7, 2021 Common Stock 1.85K $10.30 Direct F8
holding LQDT Employee Stock Option 1.85K Dec 7, 2021 Common Stock 1.85K $10.30 Direct F9
holding LQDT Employee Stock Grant 554 Dec 7, 2021 Common Stock 554 Direct F1, F10
holding LQDT Employee Stock Grant 15K Dec 7, 2021 Common Stock 15K Direct F1, F11
holding LQDT Employee Stock Option 32.8K Dec 7, 2021 Common Stock 32.8K $9.46 Direct F12
holding LQDT Employee Stock Option 32.8K Dec 7, 2021 Common Stock 32.8K $9.46 Direct F13
holding LQDT Employee Stock Grant 5.9K Dec 7, 2021 Common Stock 5.9K Direct F1, F14
holding LQDT Employee Stock Grant 5.9K Dec 7, 2021 Common Stock 5.9K 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.