0001235468-23-000006.txt : 20230104 0001235468-23-000006.hdr.sgml : 20230104 20230104181803 ACCESSION NUMBER: 0001235468-23-000006 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230103 FILED AS OF DATE: 20230104 DATE AS OF CHANGE: 20230104 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: 23508762 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 wf-form4_167287426439354.xml FORM 4 X0306 4 2023-01-03 0 0001235468 LIQUIDITY SERVICES INC LQDT 0001782925 Weiskircher Steven C/O LIQUIDITY SERVICES, INC. 6931 ARLINGTON ROAD SUITE 200 BETHESDA MD 20814 0 1 0 0 Chief Technology Officer Common Stock 2023-01-03 4 M 0 2238 0 A 82282 D Common Stock 2023-01-03 4 M 0 1421 0 A 83703 D Common Stock 2023-01-03 4 M 0 2280 0 A 85983 D Employee Stock Option 9.46 2030-12-01 Common Stock 33932.0 33932 D Employee Stock Grant 2023-01-03 4 M 0 3425 0 D 2025-01-01 Common Stock 3425.0 1850 D Employee Stock Option 6.69 2029-12-03 Common Stock 32750.0 32750 D Employee Stock Grant 2023-01-03 4 M 0 2175 0 D 2024-01-01 Common Stock 2175.0 5925 D Employee Stock Grant 2023-09-01 Common Stock 18750.0 18750 D Employee Stock Option 22.2 2031-12-07 Common Stock 12380.0 12380 D Employee Stock Option 22.2 2031-12-07 Common Stock 12380.0 12380 D Employee Stock Grant 2026-01-01 Common Stock 13960.0 13960 D Employee Stock Grant 2023-01-03 4 M 0 3490 0 D 2026-01-01 Common Stock 3490.0 10470 D Employee Stock Grant 2026-01-01 Common Stock 13980.0 13980 D Employee Stock Grant 2027-01-01 Common Stock 13980.0 13980 D Employee Stock Option 14.0 2032-12-23 Common Stock 11230.0 11230 D Employee Stock Option 14.0 2032-12-23 Common Stock 11230.0 11230 D Represents the net issuance of 2,238 shares from the vesting of 3,425 restricted stock units from which the federal and state withholding due at the vesting of such restricted stock units was satisfied by the issuer withholding 1,187 shares. The reporting person relinquished the shares and the issuer cancelled the shares and returned them to treasury in exchange for remitting federal and state tax withholding obligations of the reporting person resulting from the vesting of restricted stock units. Shares withheld represent an exempt transaction pursuant to Section 16b-3(e). No shares were sold by the reporting person. Represents the net issuance of 1,421 shares from the vesting of 2,175 restricted stock units from which the federal and state withholding due at the vesting of such restricted stock units was satisfied by the issuer withholding 754 shares. The reporting person relinquished the shares and the issuer cancelled the shares and returned them to treasury in exchange for remitting federal and state tax withholding obligations of the reporting person resulting from the vesting of restricted stock units. Shares withheld represent an exempt transaction pursuant to Section 16b-3(e). No shares were sold by the reporting person. Represents the net issuance of 2,280 shares from the vesting of 3,490 restricted stock units from which the federal and state withholding due at the vesting of such restricted stock units was satisfied by the issuer withholding 1,210 shares. The reporting person relinquished the shares and the issuer cancelled the shares and returned them to treasury in exchange for remitting federal and state tax withholding obligations of the reporting person resulting from the vesting of restricted stock units. Shares withheld represent an exempt transaction pursuant to Section 16b-3(e). No shares were sold by the reporting person. 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. Represents the vesting of restricted stock units. 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. This option becomes exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation 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 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. These options were granted on December 23, 2022. 12/48th will vest on January 1, 2024 and thereafter, an additional 1/48th will vest each month for thirty-six months. These options were granted on December 23, 2022 and become exercisable, if at all, based on the Issuer's achievement of certain financial milestones. /s/ Mark A. Shaffer, by power of attorney 2023-01-04