SEC Form 4 · accession 0001179110-15-001396

LIQUIDITY SERVICES INC · LQDT

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Gardner H Dudley

Officer — Pres, Capital Assets Group

Period of report

Jan 9, 2015

Accepted (ET)

Jan 29, 2015 · 6:02 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001235468

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1	holding	—	—		—	2,922	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Grant^F2,F3	$13.41	Jan 9, 2015	J	1,500	D	—	Jun 16, 2020	Common Stock	1,500	0	D
Employee Stock Option^F2,F5	$13.41	Jan 9, 2015	J	2,550	D	—	Jun 16, 2020	Common Stock	2,550	0	D
Employee Stock Option^F4	$13.41	holding	—	—	—	—	Jun 16, 2020	Common Stock	3,188	3,188	D
Employee Stock Grant^F6	$15.47	holding	—	—	—	—	Nov 30, 2020	Common Stock	2,211	2,211	D
Employee Stock Grant^F7	$31.37	holding	—	—	—	—	Nov 22, 2021	Common Stock	1,145	1,145	D
Employee Stock Grant^F8	$38.09	holding	—	—	—	—	Nov 16, 2022	Common Stock	1,250	1,250	D
Employee Stock Grant^F9	$38.09	holding	—	—	—	—	Nov 16, 2022	Common Stock	2,500	2,500	D
Employee Stock Grant^F10	$21.99	holding	—	—	—	—	Nov 27, 2023	Common Stock	1,246	1,246	D
Employee Stock Grant^F11	$21.99	holding	—	—	—	—	Nov 27, 2023	Common Stock	1,661	1,661	D
Employee Stock Option^F12	$21.99	holding	—	—	—	—	Nov 27, 2023	Common Stock	3,519	3,519	D
Employee Stock Option^F13	$21.99	holding	—	—	—	—	Nov 27, 2023	Common Stock	3,519	3,519	D
Employee Stock Grant^F14	$13.57	holding	—	—	—	—	May 14, 2024	Common Stock	22,108	22,108	D
Employee Stock Grant^F15	$12.57	holding	—	—	—	—	Oct 27, 2024	Common Stock	25,000	25,000	D

Explanation of responses

F1Mr. Gardner vested with respect to 2,922 shares of Common Stock prior to his becoming a reporting person.
F10Twenty-five percent of this restricted stock grant vested on October 1, 2014 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years.
F11These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
F12Twenty-five percent of this option grant vested on October 1, 2014 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
F13This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
F14Twenty-five percent of the restricted stock grant will vest on April 1, 2015 and thereafter 1/4th of the restricted stock grant will vest on April 1 of each year for three years.
F15Twenty-five percent of this restricted stock grant will vest on October 1, 2015 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years.
F2On January 9, 2015, the reporting person surrendered this equity grant for cancellation by the Issuer.
F3These options became fully vested on June 1, 2014.
F4These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
F5This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
F6These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
F7Twenty-five percent of this restricted stock grant vested on October 1, 2012 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years.
F8Twenty-five percent of this restricted stock grant vested on October 1, 2013 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years.
F9The restricted stares will vest, if at all, based on the Issuer's achievement of certain financial milestones.