0001209191-23-057809.txt : 20231207
0001209191-23-057809.hdr.sgml : 20231207
20231207185733
ACCESSION NUMBER: 0001209191-23-057809
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20231205
FILED AS OF DATE: 20231207
DATE AS OF CHANGE: 20231207
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Shaffer Mark A
CENTRAL INDEX KEY: 0001677053
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-51813
FILM NUMBER: 231473676
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
2023-12-05
0
0001235468
LIQUIDITY SERVICES INC
LQDT
0001677053
Shaffer Mark A
6931 ARLINGTON ROAD SUITE 200
BETHESDA
MD
20814
0
1
0
0
CLO & Corp Sec
0
Common Stock
32173
I
By The Mark A. Shaffer Revocable Trust
Stock Option Grant
6.11
2028-12-04
Common Stock
3245
3245
D
Stock Option Grant
6.69
2029-12-03
Common Stock
10342
10342
D
Restricted Stock Unit Grant
2024-01-01
Common Stock
3062
3062
D
Stock Option Grant
9.46
2030-12-01
Common Stock
25617
25617
D
Restricted Stock Unit Grant
2025-01-01
Common Stock
3825
3825
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
2026-01-01
Common Stock
8720
8720
D
Restricted Stock Unit Grant
2026-01-01
Common Stock
6540
6540
D
Stock Option Grant
14.00
2032-12-23
Common Stock
10405
10405
D
Stock Option Grant
14.00
2032-12-23
Common Stock
10405
10405
D
Restricted Stock Unit Grant
2027-01-01
Common Stock
12950
12950
D
Restricted Stock Unit Grant
2026-01-01
Common Stock
12950
12950
D
Restricted Stock Unit Grant
2023-12-05
4
A
0
14630
0.00
A
2027-01-01
Common Stock
14630
14630
D
Restricted Stock Unit Grant
2023-12-05
4
A
0
14630
0.00
A
2028-01-01
Common Stock
14630
14630
D
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.
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, 2022 and thereafter, an additional 1/48th will vest 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, 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 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 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, 2024 and thereafter, an additional 1/48th will vest each month for thirty-six months.
Twenty-five percent of this restricted stock unit 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.
These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
Twenty-five percent of this restricted stock unit grant will vest on January 1, 2025 and thereafter, an additional 1/4th will vest on each of January 1, 2026, January 1, 2027 and January 1, 2028.
/s/ Mark A. Shaffer
2023-12-07