Steven Weiskircher - Aug 17, 2022 Form 4 Insider Report for LIQUIDITY SERVICES INC (LQDT)

Role
Chief Technology Officer
Signature
/s/ Mark A. Shaffer, by power of attorney
Stock symbol
LQDT
Transactions as of
Aug 17, 2022
Transactions value $
-$418,551
Form type
4
Date filed
8/18/2022, 07:47 PM
Previous filing
Jan 12, 2022
Next filing
Sep 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LQDT Common Stock Options Exercise $48.5K +5.13K +7.67% $9.46 72.1K Aug 17, 2022 Direct F1
transaction LQDT Common Stock Sale -$99.5K -5.13K -7.12% $19.38 66.9K Aug 17, 2022 Direct
transaction LQDT Common Stock Options Exercise $115K +17.2K +25.71% $6.69 84.2K Aug 17, 2022 Direct F2
transaction LQDT Common Stock Options Exercise $142K +15K +17.84% $9.46 99.2K Aug 17, 2022 Direct F3
transaction LQDT Common Stock Sale -$625K -32.2K -32.49% $19.39 66.9K Aug 17, 2022 Direct

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 Option Options Exercise $0 -48.3K -100% $0.00* 0 Aug 17, 2022 Common Stock 48.3K $9.46 Direct F4
transaction LQDT Employee Stock Option Options Exercise $0 -14.3K -29.67% $0.00 33.9K Aug 17, 2022 Common Stock 48.3K $9.46 Direct F5
transaction LQDT Employee Stock Option Options Exercise $0 -32.8K -100% $0.00* 0 Aug 17, 2022 Common Stock 32.8K $6.69 Direct F8
holding LQDT Employee Stock Grant 5.28K Aug 17, 2022 Common Stock 5.28K Direct F6, F7
holding LQDT Employee Stock Option 32.8K Aug 17, 2022 Common Stock 32.8K $6.69 Direct F9
holding LQDT Employee Stock Grant 8.1K Aug 17, 2022 Common Stock 8.1K Direct F6, F10
holding LQDT Employee Stock Grant 37.5K Aug 17, 2022 Common Stock 37.5K Direct F6, F11
holding LQDT Employee Stock Option 12.4K Aug 17, 2022 Common Stock 12.4K $22.20 Direct F4
holding LQDT Employee Stock Option 12.4K Aug 17, 2022 Common Stock 12.4K $22.20 Direct F12
holding LQDT Employee Stock Grant 14K Aug 17, 2022 Common Stock 14K Direct F6, F13
holding LQDT Employee Stock Grant 14K Aug 17, 2022 Common Stock 14K Direct F6, F14
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction reflects an exercise of 14,318 options granted under the Liquidity Services, Inc. Third Amended and Restated 2006 Omnibus Long-Term Incentive Plan (as amended, the "Plan") and that certain Stock Option Agreement, dated December 1, 2020, by and between the issuer and the reporting person. The issuer withheld 9,186 shares to cover the cost of the options and taxes and 5,132 shares were acquired by the reporting person.
F2 This transaction reflects an exercise of 32,750 options granted under the Plan and that certain Stock Option Agreement, dated December 3, 2019, by and between the issuer and the reporting person. The issuer withheld 17,740 shares to cover the cost of the options and taxes and 15,010 shares were acquired by the reporting person.
F3 This transaction reflects an exercise of 48,250 options granted under the Plan and that certain Stock Option Agreement, dated December 1, 2020, by and between the issuer and the reporting person. The issuer withheld 31,038 shares to cover the cost of the options and taxes and 17,212 shares were acquired by the reporting person.
F4 This option becomes exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F5 12/48th of this option grant vested on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months.
F6 Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
F7 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.
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 12/48th of this option grant vested on January 1, 2021 and, thereafter, 1/48th of the option grant vests each month for thirty-six months.
F10 Twenty-five percent of this restricted stock 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.
F11 Twenty-five percent of this restricted stock grant vested on September 1, 2020 and thereafter, an additional 1/4 vests on September 1 of each year for three years.
F12 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.
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 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.