SEC Form 4 · accession 0001179110-15-007632
LIQUIDITY SERVICES INC · LQDT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James M Rallo
Officer — CFO, Treasurer, President RSCG
Period of report
May 8, 2015
Accepted (ET)
May 12, 2015 · 5:05 pm EDT
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 StockF1 | May 8, 2015 | S | 3,900 | $10.15 | D | 3,985 | I | By Kimberly Rallo IRA |
| Common StockF2 | holding | — | — | — | 15,039 | I | By James M. Rallo 401k | |
| Common Stock | holding | — | — | — | 8,000 | I | By James M. Rallo IRA | |
| Common StockF1 | holding | — | — | — | 4,625 | I | By Kimberly Rallo SIMPLE IRA | |
| Common StockF1 | holding | — | — | — | 685 | I | By James M. Rallo Cust. Michael Rallo MD UTMA | |
| Common Stock | holding | — | — | — | 460 | I | By James M. Rallo Cust. Melissa Rallo MD UTMA |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock OptionF3 | $7.48 | holding | — | — | — | — | Oct 1, 2018 | Common Stock | 2,338 | 2,338 | D |
| Employee Stock OptionF4 | $15.47 | holding | — | — | — | — | Oct 1, 2020 | Common Stock | 6,678 | 6,678 | D |
| Employee Stock GrantF5 | $15.47 | holding | — | — | — | — | Oct 1, 2020 | Common Stock | 5,527 | 5,527 | D |
| Employee Stock GrantF6 | $31.11 | holding | — | — | — | — | Oct 1, 2021 | Common Stock | 1,862 | 1,862 | D |
| Employee Stock OptionF7 | $31.11 | holding | — | — | — | — | Oct 1, 2021 | Common Stock | 12,358 | 12,358 | D |
| Employee Stock GrantF8 | $38.09 | holding | — | — | — | — | Oct 1, 2022 | Common Stock | 2,502 | 2,502 | D |
| Employee Stock OptionF9 | $38.09 | holding | — | — | — | — | Oct 1, 2022 | Common Stock | 3,335 | 3,335 | D |
| Employee Stock GrantF10 | $29.47 | holding | — | — | — | — | Jul 18, 2023 | Common Stock | 9,162 | 9,162 | D |
| Employee Stock OptionF11 | $29.47 | holding | — | — | — | — | Jul 18, 2023 | Common Stock | 24,871 | 24,871 | D |
| Employee Stock GrantF12 | $21.99 | holding | — | — | — | — | Oct 1, 2023 | Common Stock | 3,519 | 3,519 | D |
| Employee Stock GrantF13 | $21.99 | holding | — | — | — | — | Oct 1, 2023 | Common Stock | 4,691 | 4,691 | D |
| Employee Stock OptionF14 | $21.99 | holding | — | — | — | — | Oct 1, 2023 | Common Stock | 9,938 | 9,938 | D |
| Employee Stock OptionF15 | $21.99 | holding | — | — | — | — | Oct 1, 2023 | Common Stock | 9,938 | 9,938 | D |
| Employee Stock GrantF16 | $13.57 | holding | — | — | — | — | May 14, 2024 | Common Stock | 44,215 | 44,215 | D |
Explanation of responses
- F1Mr. Rallo disclaims beneficial ownership of these shares.
- F10Twenty-five percent of this restricted stock grant vested on July 1, 2014 and thereafter 1/4th of the restricted stock grant will vest on July 1 of each year for three years.
- F11Twenty-five percent of this option grant vested on July 18, 2014 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
- F12Twenty-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.
- F13These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
- F14Twenty-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.
- F15This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
- F16Fifty percent of this restricted stock grant will vest on November 1, 2015 and thereafter 1/4th of the restricted stock grant will vest on November 1 of each year for two years.
- F2The number of securities shown as being held in Issuer's 401(k) account for the Reporting Person's benefit is the approximate number of shares of common stock. De minimis fractional interests reported by the Issuer's 401(k) Plan trustee/administrator and held indirectly through the Plan's stock purchase account are not reflected.
- F3These options became fully vested on October 1, 2013.
- F4These options became fully vested on October 1, 2014.
- F5These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
- F6Twenty-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.
- F7Twenty-five percent of this option grant vested on October 1, 2012 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
- 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.
- F9Twenty-five percent of this option grant vested on October 1, 2013 and thereafter 1/48th of the option grant will vest each month for thirty-six months.