William P. Angrick III - Jan 3, 2023 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 3, 2023
Transactions value $
$0
Form type
4
Date filed
1/4/2023, 05:27 PM
Previous filing
Dec 13, 2022
Next filing
Aug 31, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LQDT Common Stock Options Exercise $0 +4.33K +0.08% $0.00 5.42M Jan 3, 2023 By the William P. Angrick III Revocable Trust F1, F2
transaction LQDT Common Stock Options Exercise $0 +13.7K +0.25% $0.00 5.43M Jan 3, 2023 By the William P. Angrick III Revocable Trust F1, F2
transaction LQDT Common Stock Options Exercise $0 +5.93K +0.11% $0.00 5.44M Jan 3, 2023 By the William P. Angrick III Revocable Trust F1, F2
transaction LQDT Common Stock Options Exercise $0 +15.7K +0.29% $0.00 5.45M Jan 3, 2023 By the William P. Angrick III Revocable Trust F1, F2
holding LQDT Common Stock 873K Jan 3, 2023 By the William P. Angrick III 2005 Irrevocable Trust F2
holding LQDT Common Stock 576K Jan 3, 2023 By the Stephanie S. Angrick 2005 Irrevocable Trust F3
holding LQDT Common Stock 115K Jan 3, 2023 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 -4.33K -100% $0.00* 0 Jan 3, 2023 Common Stock 4.33K Direct F1, F9, F10
transaction LQDT Employee Stock Grant Options Exercise $0 -13.7K -50% $0.00 13.7K Jan 3, 2023 Common Stock 13.7K Direct F1, F9, F13
transaction LQDT Employee Stock Grant Options Exercise $0 -5.93K -33.33% $0.00 11.9K Jan 3, 2023 Common Stock 5.93K Direct F1, F9, F15
transaction LQDT Employee Stock Grant Options Exercise $0 -15.7K -25% $0.00 47.1K Jan 3, 2023 Common Stock 15.7K Direct F1, F9, F22
holding LQDT Employee Stock Option 32.1K Jan 3, 2023 Common Stock 32.1K $37.72 Direct F4
holding LQDT Employee Stock Option 48K Jan 3, 2023 Common Stock 48K $9.13 Direct F5
holding LQDT Employee Stock Option 27.4K Jan 3, 2023 Common Stock 27.4K $9.13 Direct F6
holding LQDT Employee Stock Option 68.9K Jan 3, 2023 Common Stock 68.9K $4.92 Direct F7
holding LQDT Employee Stock Option 48K Jan 3, 2023 Common Stock 48K $4.92 Direct F8
holding LQDT Employee Stock Option 48.1K Jan 3, 2023 Common Stock 48.1K $24.19 Direct F11
holding LQDT Employee Stock Option 124K Jan 3, 2023 Common Stock 124K $6.72 Direct F12
holding LQDT Employee Stock Option 124K Jan 3, 2023 Common Stock 124K $6.72 Direct F8
holding LQDT Employee Stock Option 140K Jan 3, 2023 Common Stock 140K $7.36 Direct F14
holding LQDT Employee Stock Option 140K Jan 3, 2023 Common Stock 140K $7.36 Direct F8
holding LQDT Employee Stock Option 132K Jan 3, 2023 Common Stock 132K $10.41 Direct F16
holding LQDT Employee Stock Option 132K Jan 3, 2023 Common Stock 132K $10.41 Direct F17
holding LQDT Employee Stock Option 56.2K Jan 3, 2023 Common Stock 56.2K $7.29 Direct F18
holding LQDT Employee Stock Grant 32.4K Jan 3, 2023 Common Stock 32.4K Direct F9, F19
holding LQDT Employee Stock Option 56.6K Jan 3, 2023 Common Stock 56.6K $24.22 Direct F16
holding LQDT Employee Stock Option 56.6K Jan 3, 2023 Common Stock 56.6K $24.22 Direct F20
holding LQDT Employee Stock Grant 62.8K Jan 3, 2023 Common Stock 62.8K Direct F9, F21
holding LQDT Employee Stock Option 53.1K Jan 3, 2023 Common Stock 53.1K $15.40 Direct F23
holding LQDT Employee Stock Option 53.1K Jan 3, 2023 Common Stock 53.1K $15.40 Direct F24
holding LQDT Employee Stock Grant 68.3K Jan 3, 2023 Common Stock 68.3K Direct F9, F25
holding LQDT Employee Stock Grant 68.3K Jan 3, 2023 Common Stock 68.3K Direct F9, F26
* 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 options become exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F17 12/48th of this option grant vested on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months.
F18 These options became fully exercisable on October 1, 2019.
F19 These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
F20 12/48th of this option grant vested on January 1, 2023 and thereafter, an additional 1/48th will vest each month for thirty-six months.
F21 These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F22 Twenty-five percent of this restricted stock unit grant vested 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.
F23 These options were granted on December 23, 2022 and become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
F24 These options were granted on December 23, 2022. 12/48th will vest on January 1, 2024 and thereafter, an additional 1/48th will vest each month for thirty-six months.
F25 These restricted stock units were granted on December 23, 2022. Twenty-five percent will vest on January 1, 2024, and thereafter 25% will vest on each of January 1, 2025, January 1, 2026 and January 1, 2027.
F26 These restricted stock units were granted on December 23, 2022 and will vest, if at all, based on the Issuer's achievement of certain financial milestones.