0001628280-17-006946.txt : 20170706 0001628280-17-006946.hdr.sgml : 20170706 20170706170308 ACCESSION NUMBER: 0001628280-17-006946 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170703 FILED AS OF DATE: 20170706 DATE AS OF CHANGE: 20170706 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: LIQUIDITY SERVICES INC CENTRAL INDEX KEY: 0001235468 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 BUSINESS ADDRESS: STREET 1: 1920 L STREET, N.W. STREET 2: 6TH FLOOR CITY: WASHINGTON STATE: DC ZIP: 20036 BUSINESS PHONE: 2024676868 MAIL ADDRESS: STREET 1: 1920 L STREET, N.W. STREET 2: 6TH FLOOR CITY: WASHINGTON STATE: DC ZIP: 20036 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: 17952747 MAIL ADDRESS: STREET 1: C/O LIQUIDITY SERVICES, INC. STREET 2: 1920 L STREET, N.W., 6TH FLOOR CITY: WASHINGTON STATE: DC ZIP: 20036 4 1 wf-form4_149937497421220.xml FORM 4 X0306 4 2017-07-03 0 0001235468 LIQUIDITY SERVICES INC LQDT 0001677053 Shaffer Mark A C/O LIQUIDITY SERVICES, INC. 1920 L STREET, N.W., 6TH FLOOR WASHINGTON DC 20036 0 1 0 0 VP, Gen. Counsel & Secretary Common Stock 2017-07-03 4 J 0 3750 6.26 A 5847 D Common Stock 2017-07-03 4 F 0 1904 6.26 D 3943 D Employee Stock Grant 21.99 2023-11-27 Common Stock 512.0 512 D Employee Stock Grant 9.35 2025-04-09 Common Stock 1192.0 1192 D Employee Stock Grant 4.57 2026-02-16 Common Stock 5178.0 5178 D Employee Stock Grant 4.57 2026-02-16 Common Stock 1726.0 1726 D Employee Stock Grant 8.15 2017-07-03 4 J 0 3750 6.26 A 2026-06-22 Common Stock 15000.0 11250 D Employee Stock Grant 8.3 2026-10-01 Common Stock 8850.0 8850 D Employee Stock Grant 8.3 2026-10-01 Common Stock 8850.0 8850 D Employee Stock Option 8.3 2026-10-01 Common Stock 5250.0 5250 D Employee Stock Option 8.3 2026-10-01 Common Stock 5250.0 5250 D Represents the vesting of restricted stock. Represents an advance election by the insider to satisfy tax withholding obligations related to vesting of restricted shares by authorizing the issuer to sell a number of shares with an aggregate fair market value that would satisfy the withholding amount due. Twenty-five percent of this restricted stock grant vested on October 1, 2014 and thereafter 1/4 of the restricted stock grant will vest on October 1 of each year for three years. Twenty-five percent of this restricted stock grant vested on October 1, 2015 and thereafter 1/8 of the restricted stock grant will vest on April 1 and October 1 of each year for three years. Twenty-five percent of this restricted stock grant vested on October 1, 2016 and thereafter 1/4 of the restricted stock grant will vest on October 1 of each year for three years. These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones. Twenty-five percent of this restricted stock grant will vest on July 1, 2017 and thereafter 1/4 of the restricted stock grant will vest on July 1 of each year for three years. Twenty-five percent of this restricted stock grant will vest on April 1, 2018 and thereafter 1/4th of the restricted stock grant will vest on each of October 1, 2018, October 1, 2019, and October 1, 2020. 18/48th of this option grant will vest on April 1, 2018 and thereafter 1/48th of the option grant will vest each month for thirty months. This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones. /s/ Mark A. Shaffer 2017-07-06