0001209191-23-028541.txt : 20230510
0001209191-23-028541.hdr.sgml : 20230510
20230510175815
ACCESSION NUMBER: 0001209191-23-028541
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230508
FILED AS OF DATE: 20230510
DATE AS OF CHANGE: 20230510
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Celaya Jorge
CENTRAL INDEX KEY: 0001406206
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-51813
FILM NUMBER: 23908026
MAIL ADDRESS:
STREET 1: 1920 L STREET NW
STREET 2: 6TH FLOOR
CITY: WASHINGTON
STATE: DC
ZIP: 20036
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: LIQUIDITY SERVICES INC
CENTRAL INDEX KEY: 0001235468
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389]
IRS NUMBER: 522209244
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0930
BUSINESS ADDRESS:
STREET 1: 6931 ARLINGTON ROAD
STREET 2: SUITE 200
CITY: BETHESDA
STATE: MD
ZIP: 20814
BUSINESS PHONE: 2024676868
MAIL ADDRESS:
STREET 1: 6931 ARLINGTON ROAD
STREET 2: SUITE 200
CITY: BETHESDA
STATE: MD
ZIP: 20814
4
1
doc4.xml
FORM 4 SUBMISSION
X0407
4
2023-05-08
0
0001235468
LIQUIDITY SERVICES INC
LQDT
0001406206
Celaya Jorge
6931 ARLINGTON ROAD SUITE 200
BETHESDA
MD
20814
0
1
0
0
CFO
0
Common Stock
2023-05-08
4
S
0
4719
14.14
D
44415
D
Stock Option Grant
6.11
2028-12-04
Common Stock
3802
3802
D
Stock Option Grant
6.69
2029-12-03
Common Stock
29387
29387
D
Stock Option Grant
9.46
2030-12-01
Common Stock
55050
55050
D
Stock Option Grant
9.46
2030-12-01
Common Stock
55050
55050
D
Stock Option Grant
14.00
2032-12-23
Common Stock
16640
16640
D
Stock Option Grant
14.00
2032-12-23
Common Stock
16640
16640
D
Stock Option Grant
22.20
2031-12-07
Common Stock
7740
7740
D
Stock Option Grant
22.20
2031-12-07
Common Stock
7740
7740
D
Restricted Stock Unit Grant
2025-01-01
Common Stock
4975
4975
D
Restricted Stock Unit Grant
2026-01-01
Common Stock
20710
20710
D
Restricted Stock Unit Grant
2027-01-01
Common Stock
20710
20710
D
Restricted Stock Unit Grant
2026-01-01
Common Stock
6540
6540
D
Restricted Stock Unit Grant
2026-01-01
Common Stock
8720
8720
D
Restricted Stock Unit Grant
2024-01-01
Common Stock
5662
5662
D
As reported on the reporting person's Forms 4 filed on January 5, 2022 and January 12, 2022, 19,575 restricted stock units vested in January 2022. The issuer withheld a total of 6,284 shares to cover federal and state withholding due in connection with these vests. However, the issuer inadvertently miscalculated the withholding amount due and as a result, did not withhold a sufficient number of shares. To rectify this, on May 8, 2023, the reporting person sold 4,719 shares to cover the remaining withholding amount due.
15/48th of this option grant vested on January 1, 2020 and thereafter, an additional 1/48th vests each month for thirty-three months.
12/48th of this option grant vested on January 1, 2021 and thereafter, an additional 1/48th vests each month for thirty-six months.
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.
This option becomes exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
12/48th will vest on January 1, 2024 and thereafter, an additional 1/48th will vest each month for thirty-six months
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.
Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
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.
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.
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.
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.
These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
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.
/s/ Mark A. Shaffer, by power of attorney
2023-05-10