SEC Form 4 · accession 0001179110-15-008518
LIQUIDITY SERVICES INC · LQDT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Segundo Leoncio Casusol
Officer — Chief Information Officer
Period of report
May 15, 2015
Accepted (ET)
May 22, 2015 · 5:58 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 | holding | — | — | — | 20,710 | 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 GrantF8 | $10.41 | May 15, 2015 | A | 57,277 | A | — | Oct 1, 2024 | Common Stock | 57,277 | 57,277 | D |
| Employee Stock GrantF9 | $10.41 | May 15, 2015 | A | 14,319 | A | — | Oct 1, 2024 | Common Stock | 14,319 | 14,319 | D |
| Employee Stock OptionF10 | $10.41 | May 15, 2015 | A | 10,077 | A | — | Oct 1, 2024 | Common Stock | 10,077 | 10,077 | D |
| Employee Stock OptionF11 | $10.41 | May 15, 2015 | A | 2,519 | A | — | Oct 1, 2024 | Common Stock | 2,519 | 2,519 | D |
| Employee Stock GrantF2 | $21.99 | holding | — | — | — | — | Oct 1, 2023 | Common Stock | 2,797 | 2,797 | D |
| Employee Stock GrantF3 | $21.99 | holding | — | — | — | — | Oct 1, 2023 | Common Stock | 3,729 | 3,729 | D |
| Employee Stock OptionF4 | $21.99 | holding | — | — | — | — | Oct 1, 2023 | Common Stock | 7,900 | 7,900 | D |
| Employee Stock OptionF5 | $21.99 | holding | — | — | — | — | Oct 1, 2023 | Common Stock | 7,899 | 7,899 | D |
| Employee Stock GrantF6 | $41.19 | holding | — | — | — | — | Jan 1, 2023 | Common Stock | 24,557 | 24,557 | D |
| Employee Stock GrantF7 | $13.57 | holding | — | — | — | — | May 14, 2024 | Common Stock | 110,538 | 110,538 | D |
Explanation of responses
- F1Mr. Casusol acquired 7,500 shares of Common Stock prior to his employment with the Issuer as part of his personal investment portfolio.
- F10Twenty-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.
- F11This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
- F2Twenty-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.
- F3These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
- F4Twenty-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.
- F5This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
- F6Twenty-five percent of this restricted stock grant vested on January 1, 2014 and thereafter 1/4th of the restricted stock grant will vest on January 1 of each year for three years.
- F7Fifty 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.
- F8Twenty-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.
- F9These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.