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