0001209191-23-034805.txt : 20230606
0001209191-23-034805.hdr.sgml : 20230606
20230606171200
ACCESSION NUMBER: 0001209191-23-034805
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230605
FILED AS OF DATE: 20230606
DATE AS OF CHANGE: 20230606
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Weiskircher Steven
CENTRAL INDEX KEY: 0001782925
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-51813
FILM NUMBER: 23996917
MAIL ADDRESS:
STREET 1: 6931 ARLINGTON ROAD
STREET 2: SUITE 200
CITY: BETHESDA
STATE: MD
ZIP: 20814
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
2023-06-05
0
0001235468
LIQUIDITY SERVICES INC
LQDT
0001782925
Weiskircher Steven
6931 ARLINGTON ROAD SUITE 200
BETHESDA
MD
20814
0
1
0
0
SVP & CTO
0
Common Stock
2023-06-05
4
M
0
5272
9.46
A
91255
D
Common Stock
2023-06-05
4
S
0
1512
15.71
D
89743
D
Common Stock
2023-06-05
4
M
0
12281
6.69
A
102024
D
Common Stock
2023-06-05
4
M
0
9561
9.46
A
111585
D
Common Stock
2023-06-05
4
S
0
10795
15.99
D
100790
D
Stock Option Grant
9.46
2023-06-05
4
M
0
14833
0.00
D
2030-12-01
Common Stock
33932
19099
D
Restricted Stock Unit Grant
2025-01-01
Common Stock
4350
4350
D
Stock Option Grant
6.69
2023-06-05
4
M
0
12281
0.00
D
2029-12-03
Common Stock
17057
4776
D
Restricted Stock Unit Grant
2024-01-01
Common Stock
3425
3425
D
Restricted Stock Unit Grant
2023-09-01
Common Stock
18750
18750
D
Stock Option Grant
22.20
2031-12-07
Common Stock
12380
12380
D
Stock Option Grant
22.20
2031-12-07
Common Stock
12380
12380
D
Restricted Stock Unit Grant
2026-01-01
Common Stock
13960
13960
D
Restricted Stock Unit Grant
2026-01-01
Common Stock
10470
10470
D
Restricted Stock Unit Grant
2026-01-01
Common Stock
13980
13980
D
Restricted Stock Unit Grant
2027-01-01
Common Stock
13980
13980
D
Stock Option Grant
14.00
2032-12-23
Common Stock
11230
11230
D
Stock Option Grant
14.00
2032-12-23
Common Stock
11230
11230
D
The reporting person exercised 5,272 stock options; 3,760 shares were withheld by the issuer to pay the cost of the options and taxes and the
remaining 1,512 shares were acquired by the reporting person.
Represents the exercise of stock options.
The reporting person surrendered 10,795 shares to the issuer to pay the cost of 12,281 shares at $6.69/share and 9,561 shares at $9.46/share.
12/48th of this option grant vested on January 1, 2022 and thereafter, 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.
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.
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.
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.
These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
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.
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 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.
These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
Twenty-five percent of this grant will vest on January 1, 2024, and thereafter 25% will vest on each of January 1, 2025, January 1, 2026 and January 1, 2027.
12/48th of these options will vest on January 1, 2024 and thereafter, an additional 1/48th will vest each month for thirty-six months.
/s/ Mark A. Shaffer, by power of attorney
2023-06-06