Mark A. Shaffer - 07 Dec 2021 Form 4 Insider Report for LIQUIDITY SERVICES INC (LQDT)

Role
Chief Legal Officer & Corp Sec
Signature
/s/ Mark A. Shaffer
Issuer symbol
LQDT
Transactions as of
07 Dec 2021
Net transactions value
$0
Form type
4
Filing time
09 Dec 2021, 18:26:48 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 30,406 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 +7,740 $0.000000 7,740 07 Dec 2021 Common Stock 7,740 $22.20 Direct F9
transaction LQDT Employee Stock Option Award $0 +7,740 $0.000000 7,740 07 Dec 2021 Common Stock 7,740 $22.20 Direct F12
transaction LQDT Employee Stock Grant Award $0 +8,720 $0.000000 8,720 07 Dec 2021 Common Stock 8,720 Direct F1, F10
transaction LQDT Employee Stock Grant Award $0 +8,720 $0.000000 8,720 07 Dec 2021 Common Stock 8,720 Direct F1, F13
holding LQDT Employee Stock Grant 3,806 07 Dec 2021 Common Stock 3,806 Direct F1, F2
holding LQDT Employee Stock Option 2,280 07 Dec 2021 Common Stock 2,280 $4.47 Direct F3
holding LQDT Employee Stock Option 12,979 07 Dec 2021 Common Stock 12,979 $6.11 Direct F4
holding LQDT Employee Stock Grant 2,525 07 Dec 2021 Common Stock 2,525 Direct F1, F5
holding LQDT Employee Stock Option 19,467 07 Dec 2021 Common Stock 19,467 $6.69 Direct F6
holding LQDT Employee Stock Grant 9,187 07 Dec 2021 Common Stock 9,187 Direct F1, F7
holding LQDT Employee Stock Option 42,400 07 Dec 2021 Common Stock 42,400 $9.46 Direct F8
holding LQDT Employee Stock Option 42,400 07 Dec 2021 Common Stock 42,400 $9.46 Direct F9
holding LQDT Employee Stock Grant 7,650 07 Dec 2021 Common Stock 7,650 Direct F1, F10
holding LQDT Employee Stock Grant 7,650 07 Dec 2021 Common Stock 7,650 Direct F1, F11
* 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 These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
F3 15/48th of this option grant vested on January 1, 2019 and thereafter, an additional 1/48th vests each month for thirty-three months.
F4 15/48th of this option grant vested on January 1, 2020 and thereafter, an additional 1/48th vests each month for thirty-three months.
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, 2021 and thereafter, an additional 1/48th vests each month for thirty-six months.
F7 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.
F8 12/48th of this option grant will vest on January 1, 2022 and thereafter, an additional 1/48th will vest each month for thirty-six months.
F9 These options become exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F10 These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F11 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.
F12 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.
F13 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.