William P. Angrick III - Jan 10, 2022 Form 4 Insider Report for LIQUIDITY SERVICES INC (LQDT)

Role
Chairman of the Board and CEO, Director, 10%+ Owner
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, 03:33 PM
Previous filing
Jan 5, 2022
Next filing
Sep 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LQDT Common Stock Options Exercise $0 +23.7K +0.43% $0.00 5.48M Jan 10, 2022 By the William P. Angrick III Revocable Trust F1, F2
holding LQDT Common Stock 873K Jan 10, 2022 By the William P. Angrick III 2005 Irrevocable Trust F2
holding LQDT Common Stock 576K Jan 10, 2022 By the Stephanie S. Angrick 2005 Irrevocable Trust F3
holding LQDT Common Stock 115K Jan 10, 2022 By the Stephanie S. Angrick Revocable Trust 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 -23.7K -100% $0.00* 0 Jan 10, 2022 Common Stock 23.7K Direct F1, F9, F16
holding LQDT Employee Stock Option 32.1K Jan 10, 2022 Common Stock 32.1K $37.72 Direct F4
holding LQDT Employee Stock Option 48K Jan 10, 2022 Common Stock 48K $9.13 Direct F5
holding LQDT Employee Stock Option 27.4K Jan 10, 2022 Common Stock 27.4K $9.13 Direct F6
holding LQDT Employee Stock Option 87.1K Jan 10, 2022 Common Stock 87.1K $4.92 Direct F7
holding LQDT Employee Stock Option 131K Jan 10, 2022 Common Stock 131K $4.92 Direct F8
holding LQDT Employee Stock Grant 4.33K Jan 10, 2022 Common Stock 4.33K Direct F9, F10
holding LQDT Employee Stock Option 48.1K Jan 10, 2022 Common Stock 48.1K $24.19 Direct F11
holding LQDT Employee Stock Option 124K Jan 10, 2022 Common Stock 124K $6.72 Direct F12
holding LQDT Employee Stock Option 124K Jan 10, 2022 Common Stock 124K $6.72 Direct F8
holding LQDT Employee Stock Grant 27.4K Jan 10, 2022 Common Stock 27.4K Direct F9, F13
holding LQDT Employee Stock Option 140K Jan 10, 2022 Common Stock 140K $7.36 Direct F14
holding LQDT Employee Stock Option 140K Jan 10, 2022 Common Stock 140K $7.36 Direct F8
holding LQDT Employee Stock Grant 17.8K Jan 10, 2022 Common Stock 17.8K Direct F9, F15
holding LQDT Employee Stock Option 132K Jan 10, 2022 Common Stock 132K $10.41 Direct F17
holding LQDT Employee Stock Option 132K Jan 10, 2022 Common Stock 132K $10.41 Direct F18
holding LQDT Employee Stock Option 56.2K Jan 10, 2022 Common Stock 56.2K $7.29 Direct F19
holding LQDT Employee Stock Grant 32.4K Jan 10, 2022 Common Stock 32.4K Direct F9, F20
holding LQDT Employee Stock Option 56.6K Jan 10, 2022 Common Stock 56.6K $24.22 Direct F17
holding LQDT Employee Stock Option 56.6K Jan 10, 2022 Common Stock 56.6K $24.22 Direct F21
holding LQDT Employee Stock Grant 62.8K Jan 10, 2022 Common Stock 62.8K Direct F9, F16
holding LQDT Employee Stock Grant 62.8K Jan 10, 2022 Common Stock 62.8K Direct F9, F22
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the vesting of restricted stock units.
F2 These shares are held in a trust for the benefit of the reporting person. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of the securities for the purposes of Section 16 or for any other purpose.
F3 These shares are held in a trust for the benefit of the reporting person's spouse, who is also trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of the securities for the purposes of Section 16 or for any other purpose.
F4 These options became fully exercisable on October 1, 2015.
F5 These options became fully exercisable on October 1, 2020.
F6 These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
F7 15/48th of this option grant vested on January 1, 2019 and thereafter, an additional 1/48th vests each month for thirty three months.
F8 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.
F9 Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
F10 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.
F11 These options became fully exercisable on October 1, 2017.
F12 15/48th of this option grant vested on January 1, 2020 and thereafter, an additional 1/48th will vest each month for thirty-three months.
F13 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.
F14 12/48th of this option grant vested on January 1, 2021 and thereafter, an additional 1/48th vests each month for thirty-six months.
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 These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F17 These options become exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F18 12/48th of this option grant vested on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months.
F19 These options became fully exercisable on October 1, 2019.
F20 These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
F21 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.
F22 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.