SEC Form 4 · accession 0001179110-15-008516
LIQUIDITY SERVICES INC · LQDT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Edwin Williams
Officer — VP, Gen. Counsel & Secretary
Period of report
May 15, 2015
Accepted (ET)
May 22, 2015 · 5:57 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 Stock | holding | — | — | — | 700 | 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 GrantF12 | $10.41 | May 15, 2015 | A | 15,523 | A | — | Oct 1, 2024 | Common Stock | 15,523 | 15,523 | D |
| Employee Stock GrantF13 | $10.41 | May 15, 2015 | A | 3,881 | A | — | Oct 1, 2024 | Common Stock | 3,881 | 3,881 | D |
| Employee Stock OptionF14 | $10.41 | May 15, 2015 | A | 9,053 | A | — | Oct 1, 2024 | Common Stock | 9,053 | 9,053 | D |
| Employee Stock OptionF15 | $10.41 | May 15, 2015 | A | 2,263 | A | — | Oct 1, 2024 | Common Stock | 2,263 | 2,263 | D |
| Employee Stock OptionF1 | $9.05 | holding | — | — | — | — | Oct 1, 2019 | Common Stock | 508 | 508 | D |
| Employee Stock OptionF2 | $15.47 | holding | — | — | — | — | Oct 1, 2020 | Common Stock | 2,706 | 2,706 | D |
| Employee Stock GrantF3 | $15.47 | holding | — | — | — | — | Oct 1, 2020 | Common Stock | 2,765 | 2,765 | D |
| Employee Stock GrantF4 | $31.11 | holding | — | — | — | — | Oct 1, 2021 | Common Stock | 897 | 897 | D |
| Employee Stock OptionF5 | $31.11 | holding | — | — | — | — | Oct 1, 2021 | Common Stock | 5,950 | 5,950 | D |
| Employee Stock GrantF6 | $38.09 | holding | — | — | — | — | Oct 1, 2022 | Common Stock | 1,377 | 1,377 | D |
| Employee Stock OptionF7 | $38.09 | holding | — | — | — | — | Oct 1, 2022 | Common Stock | 1,835 | 1,835 | D |
| Employee Stock GrantF8 | $21.99 | holding | — | — | — | — | Oct 1, 2023 | Common Stock | 2,828 | 2,828 | D |
| Employee Stock GrantF9 | $21.99 | holding | — | — | — | — | Oct 1, 2023 | Common Stock | 3,769 | 3,769 | D |
| Employee Stock OptionF10 | $21.99 | holding | — | — | — | — | Oct 1, 2023 | Common Stock | 7,985 | 7,985 | D |
| Employee Stock OptionF11 | $21.99 | holding | — | — | — | — | Oct 1, 2023 | Common Stock | 7,985 | 7,985 | D |
Explanation of responses
- F1These options became fully vested on October 1, 2013.
- F10Twenty-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.
- F11This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
- F12Twenty-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.
- 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 will vest on October 1, 2015 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.
- F2These options became fully vested on October 1, 2014.
- F3These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
- F4Twenty-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.
- F5Twenty-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.
- F6Twenty-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.
- F7Twenty-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.
- F8Twenty-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.
- F9These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.