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