Steven Weiskircher - Jan 3, 2022 Form 4 Insider Report for LIQUIDITY SERVICES INC (LQDT)

Role
Chief Technology Officer
Signature
/s/ Mark A. Shaffer, by power of attorney
Stock symbol
LQDT
Transactions as of
Jan 3, 2022
Transactions value $
$0
Form type
4
Date filed
1/5/2022, 03:03 PM
Previous filing
Dec 20, 2021
Next filing
Jan 12, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LQDT Common Stock Options Exercise $0 +2.2K +3.84% $0.00 59.5K Jan 3, 2022 Direct F1
transaction LQDT Common Stock Options Exercise $0 +1.4K +2.35% $0.00 60.9K Jan 3, 2022 Direct 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 Grant Options Exercise $0 -3.43K -39.37% $0.00 5.28K Jan 3, 2022 Common Stock 8.7K Direct F5, F7, F8
transaction LQDT Employee Stock Grant Options Exercise $0 -2.18K -21.17% $0.00 8.1K Jan 3, 2022 Common Stock 10.3K Direct F5, F7, F11
holding LQDT Employee Stock Option 48.3K Jan 3, 2022 Common Stock 48.3K $9.46 Direct F3
holding LQDT Employee Stock Option 48.3K Jan 3, 2022 Common Stock 48.3K $9.46 Direct F4
holding LQDT Employee Stock Grant 8.7K Jan 3, 2022 Common Stock 8.7K Direct F5, F6
holding LQDT Employee Stock Option 32.8K Jan 3, 2022 Common Stock 32.8K $6.69 Direct F9
holding LQDT Employee Stock Option 32.8K Jan 3, 2022 Common Stock 32.8K $6.69 Direct F10
holding LQDT Employee Stock Grant 37.5K Jan 3, 2022 Common Stock 37.5K Direct F5, F12
holding LQDT Employee Stock Option 12.4K Jan 3, 2022 Common Stock 12.4K $22.20 Direct F3
holding LQDT Employee Stock Option 12.4K Jan 3, 2022 Common Stock 12.4K $22.20 Direct F13
holding LQDT Employee Stock Grant 14K Jan 3, 2022 Common Stock 14K Direct F5, F6
holding LQDT Employee Stock Grant 14K Jan 3, 2022 Common Stock 14K Direct F5, F14
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the net issuance of 2,203 shares from the vesting of 3,425 restricted stock units from which the federal and state withholding due at the vesting of such restricted stock units was satisfied by the issuer withholding 1,222 shares. The reporting person relinquished the shares and the issuer cancelled the shares and returned them to treasury in exchange for remitting federal and state tax withholding obligations of the reporting person resulting from the vesting of restricted stock units. Shares withheld represent an exempt transaction pursuant to Section 16b-3(e). No shares were sold by the reporting person.
F2 Represents the net issuance of 1,399 shares from the vesting of 2,175 restricted stock units from which the federal and state withholding due at the vesting of such restricted stock units was satisfied by the issuer withholding 776 shares. The reporting person relinquished the shares and the issuer cancelled the shares and returned them to treasury in exchange for remitting federal and state tax withholding obligations of the reporting person resulting from the vesting of restricted stock units. Shares withheld represent an exempt transaction pursuant to Section 16b-3(e). No shares were sold by the reporting person.
F3 This option becomes exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F4 12/48th of this option grant vested on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months.
F5 Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
F6 These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F7 Represents the vesting of restricted stock units.
F8 Twenty-five percent of this restricted stock unit grant vested 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.
F9 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.
F10 12/48th of this option grant vested on January 1, 2021 and, thereafter, 1/48th of the option grant vests each month for thirty-six months.
F11 Twenty-five percent of this restricted stock 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.
F12 Twenty-five percent of this restricted stock grant vested on September 1, 2020 and thereafter, an additional 1/4 vests on September 1 of each year for three years.
F13 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.
F14 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.