William P. Angrick III - 03 Jan 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
Issuer symbol
LQDT
Transactions as of
03 Jan 2023
Net transactions value
$0
Form type
4
Filing time
04 Jan 2023, 17:27:15 UTC
Previous filing
13 Dec 2022
Next filing
31 Aug 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LQDT Common Stock Options Exercise $0 +4,325 +0.08% $0.000000 5,416,339 03 Jan 2023 By the William P. Angrick III Revocable Trust F1, F2
transaction LQDT Common Stock Options Exercise $0 +13,675 +0.25% $0.000000 5,430,014 03 Jan 2023 By the William P. Angrick III Revocable Trust F1, F2
transaction LQDT Common Stock Options Exercise $0 +5,925 +0.11% $0.000000 5,435,939 03 Jan 2023 By the William P. Angrick III Revocable Trust F1, F2
transaction LQDT Common Stock Options Exercise $0 +15,700 +0.29% $0.000000 5,451,639 03 Jan 2023 By the William P. Angrick III Revocable Trust F1, F2
holding LQDT Common Stock 873,379 03 Jan 2023 By the William P. Angrick III 2005 Irrevocable Trust F2
holding LQDT Common Stock 575,513 03 Jan 2023 By the Stephanie S. Angrick 2005 Irrevocable Trust F3
holding LQDT Common Stock 114,699 03 Jan 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 -4,325 -100% $0.000000* 0 03 Jan 2023 Common Stock 4,325 Direct F1, F9, F10
transaction LQDT Employee Stock Grant Options Exercise $0 -13,675 -50% $0.000000 13,675 03 Jan 2023 Common Stock 13,675 Direct F1, F9, F13
transaction LQDT Employee Stock Grant Options Exercise $0 -5,925 -33% $0.000000 11,850 03 Jan 2023 Common Stock 5,925 Direct F1, F9, F15
transaction LQDT Employee Stock Grant Options Exercise $0 -15,700 -25% $0.000000 47,100 03 Jan 2023 Common Stock 15,700 Direct F1, F9, F22
holding LQDT Employee Stock Option 32,139 03 Jan 2023 Common Stock 32,139 $37.72 Direct F4
holding LQDT Employee Stock Option 48,000 03 Jan 2023 Common Stock 48,000 $9.13 Direct F5
holding LQDT Employee Stock Option 27,360 03 Jan 2023 Common Stock 27,360 $9.13 Direct F6
holding LQDT Employee Stock Option 68,938 03 Jan 2023 Common Stock 68,938 $4.92 Direct F7
holding LQDT Employee Stock Option 48,019 03 Jan 2023 Common Stock 48,019 $4.92 Direct F8
holding LQDT Employee Stock Option 48,122 03 Jan 2023 Common Stock 48,122 $24.19 Direct F11
holding LQDT Employee Stock Option 124,200 03 Jan 2023 Common Stock 124,200 $6.72 Direct F12
holding LQDT Employee Stock Option 124,200 03 Jan 2023 Common Stock 124,200 $6.72 Direct F8
holding LQDT Employee Stock Option 139,900 03 Jan 2023 Common Stock 139,900 $7.36 Direct F14
holding LQDT Employee Stock Option 139,900 03 Jan 2023 Common Stock 139,900 $7.36 Direct F8
holding LQDT Employee Stock Option 131,950 03 Jan 2023 Common Stock 131,950 $10.41 Direct F16
holding LQDT Employee Stock Option 131,950 03 Jan 2023 Common Stock 131,950 $10.41 Direct F17
holding LQDT Employee Stock Option 56,193 03 Jan 2023 Common Stock 56,193 $7.29 Direct F18
holding LQDT Employee Stock Grant 32,358 03 Jan 2023 Common Stock 32,358 Direct F9, F19
holding LQDT Employee Stock Option 56,615 03 Jan 2023 Common Stock 56,615 $24.22 Direct F16
holding LQDT Employee Stock Option 56,615 03 Jan 2023 Common Stock 56,615 $24.22 Direct F20
holding LQDT Employee Stock Grant 62,800 03 Jan 2023 Common Stock 62,800 Direct F9, F21
holding LQDT Employee Stock Option 53,125 03 Jan 2023 Common Stock 53,125 $15.40 Direct F23
holding LQDT Employee Stock Option 53,125 03 Jan 2023 Common Stock 53,125 $15.40 Direct F24
holding LQDT Employee Stock Grant 68,320 03 Jan 2023 Common Stock 68,320 Direct F9, F25
holding LQDT Employee Stock Grant 68,320 03 Jan 2023 Common Stock 68,320 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.