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