0001235468-21-000185.txt : 20211209
0001235468-21-000185.hdr.sgml : 20211209
20211209192648
ACCESSION NUMBER: 0001235468-21-000185
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20211207
FILED AS OF DATE: 20211209
DATE AS OF CHANGE: 20211209
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: 211483269
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
wf-form4_163909599156593.xml
FORM 4
X0306
4
2021-12-07
0
0001235468
LIQUIDITY SERVICES INC
LQDT
0001677053
Shaffer Mark A
C/O LIQUIDITY SERVICES, INC.
6931 ARLINGTON ROAD, SUTIE 200
BETHESDA
MD
20814
0
1
0
0
Chief Legal Officer & Corp Sec
Common Stock
30406
D
Employee Stock Grant
2020-09-30
Common Stock
3806.0
3806
D
Employee Stock Option
4.47
2027-12-11
Common Stock
2280.0
2280
D
Employee Stock Option
6.11
2028-12-04
Common Stock
12979.0
12979
D
Employee Stock Grant
2023-01-01
Common Stock
2525.0
2525
D
Employee Stock Option
6.69
2029-12-03
Common Stock
19467.0
19467
D
Employee Stock Grant
2024-01-01
Common Stock
9187.0
9187
D
Employee Stock Option
9.46
2030-12-01
Common Stock
42400.0
42400
D
Employee Stock Option
9.46
2030-12-01
Common Stock
42400.0
42400
D
Employee Stock Grant
2025-01-01
Common Stock
7650.0
7650
D
Employee Stock Grant
2025-01-01
Common Stock
7650.0
7650
D
Employee Stock Option
22.2
2021-12-07
4
A
0
7740
0
A
2031-12-07
Common Stock
7740.0
7740
D
Employee Stock Option
22.2
2021-12-07
4
A
0
7740
0
A
2031-12-07
Common Stock
7740.0
7740
D
Employee Stock Grant
2021-12-07
4
A
0
8720
0
A
2026-01-01
Common Stock
8720.0
8720
D
Employee Stock Grant
2021-12-07
4
A
0
8720
0
A
2026-01-01
Common Stock
8720.0
8720
D
Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
These restricted stock units will vest, 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.
15/48th of this option grant vested on January 1, 2020 and thereafter, an additional 1/48th vests each month for thirty-three months.
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.
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.
12/48th of this option grant will vest on January 1, 2022 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 will vest 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 will vest on January 1, 2023 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, 2023 and thereafter, an additional 1/4th will vest on each of January 1, 2024, January 1, 2025 and January 1, 2026.
/s/ Mark A. Shaffer
2021-12-09