John Daunt - 31 Mar 2022 Form 4 Insider Report for LIQUIDITY SERVICES INC (LQDT)

Role
Chief Commercial Officer
Signature
/s/ Mark A. Shaffer, by power of attorney
Issuer symbol
LQDT
Transactions as of
31 Mar 2022
Net transactions value
-$82,003
Form type
4
Filing time
31 Mar 2022, 20:15:00 UTC
Previous filing
12 Jan 2022
Next filing
04 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LQDT Common Stock Sale $82,003 -4,594 -6% $17.85 71,971 31 Mar 2022 By the Daunt Family Trust 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
holding LQDT Employee Stock Grant 1,656 31 Mar 2022 Common Stock 1,656 Direct F2, F3
holding LQDT Employee Stock Grant 837 31 Mar 2022 Common Stock 837 Direct F2, F4
holding LQDT Employee Stock Option 14,833 31 Mar 2022 Common Stock 14,033 $6.11 Direct F5
holding LQDT Employee Stock Option 10,400 31 Mar 2022 Common Stock 10,400 $6.11 Direct F6
holding LQDT Employee Stock Grant 8,150 31 Mar 2022 Common Stock 8,150 Direct F2, F7
holding LQDT Employee Stock Option 10,458 31 Mar 2022 Common Stock 10,458 $6.58 Direct F5
holding LQDT Employee Stock Option 11,667 31 Mar 2022 Common Stock 11,667 $6.58 Direct F8
holding LQDT Employee Stock Grant 7,500 31 Mar 2022 Common Stock 7,500 Direct F2, F9
holding LQDT Employee Stock Option 38,950 31 Mar 2022 Common Stock 38,950 $6.69 Direct F5
holding LQDT Employee Stock Option 25,566 31 Mar 2022 Common Stock 25,566 $6.69 Direct F10
holding LQDT Employee Stock Option 61,200 31 Mar 2022 Common Stock 61,200 $9.46 Direct F11
holding LQDT Employee Stock Option 61,200 31 Mar 2022 Common Stock 61,200 $9.46 Direct F12
holding LQDT Employee Stock Grant 8,287 31 Mar 2022 Common Stock 8,287 Direct F2, F13
holding LQDT Employee Stock Option 7,740 31 Mar 2022 Common Stock 7,740 $22.20 Direct F14
holding LQDT Employee Stock Option 7,740 31 Mar 2022 Common Stock 7,740 $22.20 Direct F12
holding LQDT Employee Stock Grant 8,720 31 Mar 2022 Common Stock 8,720 Direct F2, F15
holding LQDT Employee Stock Grant 8,720 31 Mar 2022 Common Stock 8,720 Direct F2, F16
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to that certain Agreement to Establish an Irrevocable Limit Order Selling Plan by and between the Daunt Family Trust Revocable Trust and RBC Capital Markets, dated December 17, 2021 and comporting with the requirements of Rule 10b5-1
F2 Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
F3 These restricted stock units vest, if at all, based on total shareholder return (TSR) milestones. TSR is calculated based on the change in 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.
F4 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.
F5 These options become exercisable, if at all, based on total shareholder return (TSR) milestones. TSR is calculated based on the change in 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.
F6 15/48th of this option grant vested on January 1, 2020 and thereafter, an additional 1/48th vests each month for thirty-three months.
F7 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.
F8 12/48th of this option grant vested on May 1, 2020 and thereafter, 1/48th will vest each month for thirty-six months.
F9 Twenty-five percent of this restricted stock unit grant vested on May 1, 2020 and thereafter, an additional 1/4th vests on each of May 1, 2021, May 1, 2022 and May 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 12/48th of this option grant vested on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months.
F12 This option becomes exercisable, 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.
F16 These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.