Mark A. Shaffer - Jan 3, 2022 Form 4 Insider Report for LIQUIDITY SERVICES INC (LQDT)

Role
Chief Legal Officer & Corp Sec
Signature
/s/ Mark A. Shaffer
Stock symbol
LQDT
Transactions as of
Jan 3, 2022
Transactions value $
$0
Form type
4
Date filed
1/5/2022, 03:10 PM
Previous filing
Dec 9, 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 +812 +2.67% $0.00 31.2K Jan 3, 2022 Direct F1
transaction LQDT Common Stock Options Exercise $0 +1.97K +6.31% $0.00 33.2K Jan 3, 2022 Direct F2
transaction LQDT Common Stock Options Exercise $0 +1.23K +3.71% $0.00 34.4K Jan 3, 2022 Direct F3

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 -1.26K -50.02% $0.00 1.26K Jan 3, 2022 Common Stock 2.53K Direct F4, F8, F9
transaction LQDT Employee Stock Grant Options Exercise $0 -3.06K -33.33% $0.00 6.13K Jan 3, 2022 Common Stock 9.19K Direct F4, F8, F11
transaction LQDT Employee Stock Grant Options Exercise $0 -1.91K -25.01% $0.00 5.74K Jan 3, 2022 Common Stock 7.65K Direct F4, F8, F15
holding LQDT Employee Stock Grant 3.81K Jan 3, 2022 Common Stock 3.81K Direct F4, F5
holding LQDT Employee Stock Option 2.28K Jan 3, 2022 Common Stock 2.28K $4.47 Direct F6
holding LQDT Employee Stock Option 13K Jan 3, 2022 Common Stock 13K $6.11 Direct F7
holding LQDT Employee Stock Option 19.5K Jan 3, 2022 Common Stock 19.5K $6.69 Direct F10
holding LQDT Employee Stock Option 42.4K Jan 3, 2022 Common Stock 42.4K $9.46 Direct F12
holding LQDT Employee Stock Option 42.4K Jan 3, 2022 Common Stock 42.4K $9.46 Direct F13
holding LQDT Employee Stock Grant 7.65K Jan 3, 2022 Common Stock 7.65K Direct F4, F14
holding LQDT Employee Stock Option 7.74K Jan 3, 2022 Common Stock 7.74K $22.20 Direct F13
holding LQDT Employee Stock Option 7.74K Jan 3, 2022 Common Stock 7.74K $22.20 Direct F16
holding LQDT Employee Stock Grant 8.72K Jan 3, 2022 Common Stock 8.72K Direct F4, F14
holding LQDT Employee Stock Grant 8.72K Jan 3, 2022 Common Stock 8.72K Direct F4, F17
* 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 812 shares from the vesting of 1,263 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 451 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 1,970 shares from the vesting of 3,062 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 1,092 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 Represents the net issuance of 1,231 shares from the vesting of 1,913 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 682 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.
F4 Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
F5 These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
F6 15/48th of this option grant vested on January 1, 2019 and thereafter, an additional 1/48th vests each month for thirty-three months.
F7 15/48th of this option grant vested on January 1, 2020 and thereafter, an additional 1/48th vests each month for thirty-three months.
F8 Represents the vesting of restricted stock units.
F9 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.
F10 12/48th of this option grant vested on January 1, 2021 and thereafter, an additional 1/48th vests each month for thirty-six months.
F11 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.
F12 12/48th of this option grant vested on January 1, 2022 and thereafter, an additional 1/48th will vest each month for thirty-six months.
F13 These options become exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F14 These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F15 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.
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.