Novelette Murray - Oct 1, 2022 Form 4 Insider Report for LIQUIDITY SERVICES INC (LQDT)

Role
Chief Human Resources Officer
Signature
/s/ Mark A. Shaffer, by power of attorney
Stock symbol
LQDT
Transactions as of
Oct 1, 2022
Transactions value $
-$55,043
Form type
4
Date filed
10/4/2022, 05:11 PM
Previous filing
Aug 18, 2022
Next filing
Jan 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LQDT Common Stock Options Exercise $0 +3.34K +7.74% $0.00 46.5K Oct 1, 2022 Direct F1
transaction LQDT Common Stock Options Exercise -$55K -3.34K -7.18% $16.48 43.2K Oct 1, 2022 Direct F2

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 -5K -33.33% $0.00 10K Oct 1, 2022 Common Stock 15K Direct F3, F13, F14
holding LQDT Employee Stock Grant 862 Oct 1, 2022 Common Stock 862 Direct F3, F4
holding LQDT Employee Stock Option 2.54K Oct 1, 2022 Common Stock 2.54K $6.69 Direct F5
holding LQDT Employee Stock Option 4.45K Oct 1, 2022 Common Stock 4.45K $6.69 Direct F6
holding LQDT Employee Stock Grant 588 Oct 1, 2022 Common Stock 588 Direct F3, F7
holding LQDT Employee Stock Option 1.34K Oct 1, 2022 Common Stock 1.34K $6.11 Direct F8
holding LQDT Employee Stock Grant 1.33K Oct 1, 2022 Common Stock 1.33K Direct F3, F9
holding LQDT Employee Stock Option 1.85K Oct 1, 2022 Common Stock 1.85K $10.30 Direct F10
holding LQDT Employee Stock Option 1.85K Oct 1, 2022 Common Stock 1.85K $10.30 Direct F11
holding LQDT Employee Stock Grant 554 Oct 1, 2022 Common Stock 554 Direct F3, F12
holding LQDT Employee Stock Option 28.3K Oct 1, 2022 Common Stock 28.3K $9.46 Direct F15
holding LQDT Employee Stock Option 20.8K Oct 1, 2022 Common Stock 20.8K $9.46 Direct F16
holding LQDT Employee Stock Grant 4.43K Oct 1, 2022 Common Stock 4.43K Direct F3, F17
holding LQDT Employee Stock Option 6.19K Oct 1, 2022 Common Stock 6.19K $22.20 Direct F18
holding LQDT Employee Stock Option 6.19K Oct 1, 2022 Common Stock 6.19K $22.20 Direct F16
holding LQDT Employee Stock Grant 6.98K Oct 1, 2022 Common Stock 6.98K Direct F3, F19
holding LQDT Employee Stock Grant 6.98K Oct 1, 2022 Common Stock 6.98K Direct F3, F20
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the vesting of 5,000 restricted stock units. In accordance with the election made by the reporting person in December 2021, 1,660 shares were withheld by the issuer to cover taxes and the remaining 3,340 shares were sold. The proceeds were used to cover fees and the reporting person received the balance as cash.
F2 Represents the sale described in footnote 1 above.
F3 Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
F4 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.
F5 12/48th of this option grant vested on January 1, 2021 and thereafter, an additional 1/48th vests each month for thirty-six months.
F6 These options become 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.
F7 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.
F8 12/48th of this option grant vested on January 1, 2020 and thereafter an additional 1/48th vests each month for thirty-six months.
F9 These restricted stock units vest, if at all, based on the completion of the Issuer's strategic transformation as well as the Issuer's achievement of certain financial milestones.
F10 These options become exercisable, if at all, based on the completion of the Issuer's strategic transformation as well as the Issuer's achievement of certain financial milestones.
F11 15/48th of this option grant vested on January 1, 2018 and thereafter, an additional 1/48th vests each month for thirty-three months.
F12 These restricted stock units vest, if at all, based on the Issuer's achievement of certain financial milestones.
F13 Represents the vesting of restricted stock units.
F14 Twenty-five percent of this restricted stock unit grant will vest on October 1, 2021 and thereafter, an additional 1/4th will vest on each of October 1, 2022, October 1, 2023, and October 1, 2024.
F15 12/48th of this option grant vested on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months.
F16 This option becomes exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F17 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.
F18 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.
F19 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.
F20 These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.