Mark A. Shaffer - Jan 10, 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 10, 2022
Transactions value $
$0
Form type
4
Date filed
1/12/2022, 03:28 PM
Previous filing
Jan 5, 2022
Next filing
Aug 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LQDT Common Stock Options Exercise $0 +5.3K +15.4% $0.00 39.7K Jan 10, 2022 Direct F1

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 -7.65K -100% $0.00* 0 Jan 10, 2022 Common Stock 7.65K Direct F2, F11, F12
holding LQDT Employee Stock Grant 3.81K Jan 10, 2022 Common Stock 3.81K Direct F2, F3
holding LQDT Employee Stock Option 2.28K Jan 10, 2022 Common Stock 2.28K $4.47 Direct F4
holding LQDT Employee Stock Option 13K Jan 10, 2022 Common Stock 13K $6.11 Direct F5
holding LQDT Employee Stock Grant 1.26K Jan 10, 2022 Common Stock 1.26K Direct F2, F6
holding LQDT Employee Stock Option 19.5K Jan 10, 2022 Common Stock 19.5K $6.69 Direct F7
holding LQDT Employee Stock Grant 6.13K Jan 10, 2022 Common Stock 6.13K Direct F2, F8
holding LQDT Employee Stock Option 42.4K Jan 10, 2022 Common Stock 42.4K $9.46 Direct F9
holding LQDT Employee Stock Option 42.4K Jan 10, 2022 Common Stock 42.4K $9.46 Direct F10
holding LQDT Employee Stock Grant 5.74K Jan 10, 2022 Common Stock 5.74K Direct F2, F13
holding LQDT Employee Stock Option 7.74K Jan 10, 2022 Common Stock 7.74K $22.20 Direct F10
holding LQDT Employee Stock Option 7.74K Jan 10, 2022 Common Stock 7.74K $22.20 Direct F14
holding LQDT Employee Stock Grant 8.72K Jan 10, 2022 Common Stock 8.72K Direct F2, F12
holding LQDT Employee Stock Grant 8.72K Jan 10, 2022 Common Stock 8.72K Direct F2, F15
* 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 5,302 shares from the vesting of 7,650 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 2,348 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 Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
F3 These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
F4 15/48th of this option grant vested on January 1, 2019 and thereafter, an additional 1/48th vests each month for thirty-three months.
F5 15/48th of this option grant vested on January 1, 2020 and thereafter, an additional 1/48th vests each month for thirty-three months.
F6 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.
F7 12/48th of this option grant vested on January 1, 2021 and thereafter, an additional 1/48th vests each month for thirty-six months.
F8 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.
F9 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.
F10 These options become exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F11 Represents the vesting of restricted stock units.
F12 These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F13 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.
F14 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.
F15 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.