0001628280-18-012381.txt : 20181009
0001628280-18-012381.hdr.sgml : 20181009
20181009080057
ACCESSION NUMBER: 0001628280-18-012381
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20181004
FILED AS OF DATE: 20181009
DATE AS OF CHANGE: 20181009
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: 181112215
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_153908644139658.xml
FORM 4
X0306
4
2018-10-04
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
VP, Gen. Counsel & Secretary
Common Stock
2018-10-04
4
F
0
165
5.53
D
12914
D
Common Stock
2018-10-05
4
F
0
550
5.26
D
12364
D
Common Stock
2018-10-08
4
F
0
963
5.25
D
11401
D
Employee Stock Grant
9.35
2025-04-09
Common Stock
0.0
0
D
Employee Stock Grant
4.57
2026-02-16
Common Stock
1726.0
1726
D
Employee Stock Grant
5.8
2026-02-16
Common Stock
1726.0
1726
D
Employee Stock Grant
8.15
2026-06-22
Common Stock
7500.0
7500
D
Employee Stock Grant
8.3
2026-10-01
Common Stock
4425.0
4425
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
Employee Stock Option
4.47
2027-10-01
Common Stock
18240.0
18240
D
Employee Stock Option
4.47
2027-10-01
Common Stock
12160.0
12160
D
Employee Stock Grant
4.47
2027-10-01
Common Stock
1860.0
1860
D
Employee Stock Grant
4.47
2027-10-01
Common Stock
1240.0
1240
D
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, 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 vested 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 vested 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.
15/48th of this option grant will vest on January 1, 2019 and thereafter 1/48th of the option grant will vest each month for thirty three months.
Twenty-five percent of this restricted stock grant will vest on January 1, 2019 and thereafter 1/4th of the restricted stock grant will vest on each October 1, 2019, October 1, 2020, and October 1, 2021.
/s/ Mark A. Shaffer
2018-10-08