0001628280-18-014884.txt : 20181206 0001628280-18-014884.hdr.sgml : 20181206 20181206164613 ACCESSION NUMBER: 0001628280-18-014884 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20181204 FILED AS OF DATE: 20181206 DATE AS OF CHANGE: 20181206 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: 181221216 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_154413275422625.xml FORM 4 X0306 4 2018-12-04 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 11401 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 Employee Stock Option 6.11 2018-12-04 4 A 0 31150 0 A 2028-10-01 Common Stock 31150.0 31150 D Employee Stock Grant 6.11 2018-12-04 4 A 0 5050 0 A 2028-10-01 Common Stock 5050.0 5050 D Employee Stock Option 6.11 2018-12-04 4 A 0 31150 0 A 2028-10-01 Common Stock 31150.0 31150 D Employee Stock Grant 6.11 2018-12-04 4 A 0 5050 0 A 2028-10-01 Common Stock 5050.0 5050 D 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 stock units 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. This option becomes exercisable, if at all, based on total shareholder return (TSR) milestones. TSR is calculated based on the change in a the issuer's stock price during the performance period, taking into account any dividends paid during that period, which are assumed to be reinvested in the stock 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. These restricted stock units vest, if at all, based on total shareholder return (TSR) milestones. TSR is calculated based on the change in a the issuer's stock price during the performance period, taking into account any dividends paid during that period, which are assumed to be reinvested in the stock. 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. 15/48th of this option grant will vest on January 1, 2020 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, 2020 and thereafter 1/4th of the restricted stock grant will vest on each October 1, 2020, October 1, 2021, and October 1, 2022. /s/ Mark A. Shaffer 2018-12-06