Jorge Celaya - Jan 10, 2022 Form 4 Insider Report for LIQUIDITY SERVICES INC (LQDT)

Role
Chief Financial Officer
Signature
/s/ Mark A. Shaffer, by power of attorney
Stock symbol
LQDT
Transactions as of
Jan 10, 2022
Transactions value $
$0
Form type
4
Date filed
1/12/2022, 03:31 PM
Previous filing
Jan 5, 2022
Next filing
Aug 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LQDT Common Stock Options Exercise $0 +6.93K +19.71% $0.00 42.1K 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 -9.95K -100% $0.00* 0 Jan 10, 2022 Common Stock 9.95K Direct F2, F12, F13
holding LQDT Employee Stock Grant 2.09K Jan 10, 2022 Common Stock 2.09K Direct F2, F3
holding LQDT Employee Stock Option 2.47K Jan 10, 2022 Common Stock 2.47K $8.30 Direct F4
holding LQDT Employee Stock Option 2.11K Jan 10, 2022 Common Stock 2.11K $4.47 Direct F5
holding LQDT Employee Stock Grant 1.48K Jan 10, 2022 Common Stock 1.48K Direct F2, F6
holding LQDT Employee Stock Option 15.2K Jan 10, 2022 Common Stock 15.2K $6.11 Direct F7
holding LQDT Employee Stock Option 36K Jan 10, 2022 Common Stock 36K $6.69 Direct F8
holding LQDT Employee Stock Grant 11.3K Jan 10, 2022 Common Stock 11.3K Direct F2, F9
holding LQDT Employee Stock Option 55.1K Jan 10, 2022 Common Stock 55.1K $9.46 Direct F10
holding LQDT Employee Stock Option 55.1K Jan 10, 2022 Common Stock 55.1K $9.46 Direct F11
holding LQDT Employee Stock Grant 7.46K Jan 10, 2022 Common Stock 7.46K Direct F2, F14
holding LQDT Employee Stock Option 7.74K Jan 10, 2022 Common Stock 7.74K $22.20 Direct F15
holding LQDT Employee Stock Option 7.74K Jan 10, 2022 Common Stock 7.74K $22.20 Direct F11
holding LQDT Employee Stock Grant 8.72K Jan 10, 2022 Common Stock 8.72K Direct F2, F16
holding LQDT Employee Stock Grant 8.72K Jan 10, 2022 Common Stock 8.72K Direct F2, F13
* 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 6,930 shares from the vesting of 9,950 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 3,020 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 These options become exercisable, if at all, based on the issuer's achievement of certain financial milestones.
F5 15/48th of this option grant vested on January 1, 2019 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 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 12/48th of this option grant vested on January 1, 2021 and thereafter, an additional 1/48th vests each month for thirty-six months.
F9 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.
F10 12/48th of this option grant vested on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months.
F11 This option becomes exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F12 Represents the vesting of restricted stock units.
F13 These restricted stock units vest, 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 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.
F15 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.
F16 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.