0001209191-23-057323.txt : 20231204
0001209191-23-057323.hdr.sgml : 20231204
20231204201654
ACCESSION NUMBER: 0001209191-23-057323
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20231204
FILED AS OF DATE: 20231204
DATE AS OF CHANGE: 20231204
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Angrick William P III
CENTRAL INDEX KEY: 0001352618
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-51813
FILM NUMBER: 231464921
MAIL ADDRESS:
STREET 1: C/O LIQUIDITY SERVICES, INC.
STREET 2: 1920 L STREET, N.W., 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
X0508
4
2023-12-04
0
0001235468
LIQUIDITY SERVICES INC
LQDT
0001352618
Angrick William P III
6931 ARLINGTON ROAD SUITE 200
BETHESDA
MD
20814
1
1
0
0
Chairman & CEO
0
CommonStock
2023-12-04
4
M
0
18953
6.72
A
5133678
I
By the William P. Angrick III Revocable Trust
Common Stock
873379
I
By the William P. Angrick III 2005 Irrevocable Trust
Common Stock
575513
I
By the Stephanie S. Angrick 2005 Irrevocable Trust
Common Stock
114699
I
By the Stephanie S. Angrick Revocable Trust
Stock Option Grant
9.13
2027-03-03
Common Stock
38000
38000
D
Stock Option Grant
9.13
2027-03-03
Common Stock
27360
27360
D
Stock Option Grant
4.92
2027-12-11
Common Stock
68938
68938
D
Stock Option Grant
4.92
2027-12-11
Common Stock
48019
48019
D
Stock Option Grant
24.19
2023-11-27
Common Stock
48122
48122
D
Stock Option Grant
6.72
2023-12-04
4
M
0
18953
6.72
D
2028-12-04
Common Stock
124200
105247
D
Stock Option Grant
6.72
2028-12-04
Common Stock
124200
124200
D
Restricted Stock Unit Grant
2024-01-01
Common Stock
13675
13675
D
Stock Option Grant
7.36
2029-12-03
Common Stock
139900
139900
D
Stock Option Grant
7.36
2029-12-03
Common Stock
139900
139900
D
Restricted Stock Unit Grant
2025-01-01
Common Stock
11850
11850
D
Stock Option Grant
10.41
2030-12-01
Common Stock
131950
131950
D
Stock Option Grant
10.41
2030-12-01
Common Stock
131950
131950
D
Stock Option Grant
7.29
2025-12-22
Common Stock
56193
56193
D
Stock Option Grant
24.42
2031-12-07
Common Stock
56615
56615
D
Stock Option Grant
24.42
2026-12-07
Common Stock
56615
56615
D
Restricted Stock Unit Grant
2026-01-01
Common Stock
62800
62800
D
Restricted Stock Unit Grant
2026-01-01
Common Stock
47100
47100
D
Stock Option Grant
15.40
2027-12-23
Common Stock
53125
53125
D
Stock Option Grant
15.40
2032-12-23
Common Stock
53125
53125
D
Restricted Stock Unit Grant
2026-01-01
Common Stock
68320
68320
D
Restricted Stock Unit Grant
2027-01-01
Common Stock
68320
68320
D
Represents the exercise of stock options.
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.
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.
These options became fully exercisable on October 1, 2020.
These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
15/48th of this option grant vested on January 1, 2019 and thereafter, an additional 1/48th vests each month for thirty three months.
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.
These options became fully exercisable on October 1, 2017.
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.
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, 2021 and thereafter, an additional 1/4th vests on each of January 1, 2022, January 1, 2023 and January 1, 2024.
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, 2022 and thereafter, an additional 1/4th will vest on each of January 1, 2023, January 1, 2024 and January 1, 2025.
These options become exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
12/48th of this option grant vested on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months.
These options became fully exercisable on October 1, 2019.
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.
These options become exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
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, 2023 and thereafter, an additional 1/4th will vest on each of January 1, 2024, January 1, 2025 and January 1, 2026.
12/48th of this option grant will vest on January 1, 2024 and thereafter, an additional 1/48th will vest each month for thirty-six months.
These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
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.
/s/ Mark A. Shaffer, by power of attorney
2023-12-04