John Daunt - Aug 5, 2022 Form 4 Insider Report for LIQUIDITY SERVICES INC (LQDT)

Role
Chief Commercial Officer
Signature
/s/ Mark A. Shaffer, by power of attorney
Stock symbol
LQDT
Transactions as of
Aug 5, 2022
Transactions value $
-$472,590
Form type
4
Date filed
8/8/2022, 04:26 PM
Previous filing
May 4, 2022
Next filing
Oct 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LQDT Common Stock Sale -$473K -26.3K -35.2% $18.00 48.3K Aug 5, 2022 By the Daunt Family Trust

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 1.66K Aug 5, 2022 Common Stock 1.66K Direct F1, F2
holding LQDT Employee Stock Grant 837 Aug 5, 2022 Common Stock 837 Direct F1, F3
holding LQDT Employee Stock Option 14.8K Aug 5, 2022 Common Stock 14K $6.11 Direct F4
holding LQDT Employee Stock Option 10.4K Aug 5, 2022 Common Stock 10.4K $6.11 Direct F5
holding LQDT Employee Stock Grant 8.15K Aug 5, 2022 Common Stock 8.15K Direct F1, F6
holding LQDT Employee Stock Option 10.5K Aug 5, 2022 Common Stock 10.5K $6.58 Direct F4
holding LQDT Employee Stock Option 11.7K Aug 5, 2022 Common Stock 11.7K $6.58 Direct F7
holding LQDT Employee Stock Grant 3.75K Aug 5, 2022 Common Stock 3.75K Direct F1, F8
holding LQDT Employee Stock Option 39K Aug 5, 2022 Common Stock 39K $6.69 Direct F4
holding LQDT Employee Stock Option 25.6K Aug 5, 2022 Common Stock 25.6K $6.69 Direct F9
holding LQDT Employee Stock Option 61.2K Aug 5, 2022 Common Stock 61.2K $9.46 Direct F10
holding LQDT Employee Stock Option 61.2K Aug 5, 2022 Common Stock 61.2K $9.46 Direct F11
holding LQDT Employee Stock Grant 8.29K Aug 5, 2022 Common Stock 8.29K Direct F1, F12
holding LQDT Employee Stock Option 7.74K Aug 5, 2022 Common Stock 7.74K $22.20 Direct F13
holding LQDT Employee Stock Option 7.74K Aug 5, 2022 Common Stock 7.74K $22.20 Direct F11
holding LQDT Employee Stock Grant 8.72K Aug 5, 2022 Common Stock 8.72K Direct F1, F14
holding LQDT Employee Stock Grant 8.72K Aug 5, 2022 Common Stock 8.72K Direct F1, F15
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
F2 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.
F3 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.
F4 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.
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, 2021 and thereafter, an additional 1/4th vests on each of January 1, 2022, January 1, 2023 and January 1, 2024.
F7 12/48th of this option grant vested on May 1, 2020 and thereafter, 1/48th will vest each month for thirty-six months.
F8 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.
F9 12/48th of this option grant vested on January 1, 2021 and thereafter, an additional 1/48th vests each month for thirty-six months.
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 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.
F13 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.
F14 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.
F15 These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.