SEC Form 4 · accession 0001179110-15-008519
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
May 15, 2015
Accepted (ET)
May 22, 2015 · 5:59 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 | — | — | — | 5,527 | 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 | 48,582 | A | — | Oct 1, 2024 | Common Stock | 48,582 | 48,582 | D |
| Employee Stock GrantF13 | $10.41 | May 15, 2015 | A | 12,146 | A | — | Oct 1, 2024 | Common Stock | 12,146 | 12,146 | D |
| Employee Stock OptionF14 | $10.41 | May 15, 2015 | A | 7,338 | A | — | Oct 1, 2024 | Common Stock | 7,338 | 7,338 | D |
| Employee Stock OptionF15 | $10.41 | May 15, 2015 | A | 1,834 | A | — | Oct 1, 2024 | Common Stock | 1,834 | 1,834 | D |
| Employee Stock OptionF1 | $13.35 | holding | — | — | — | — | Jun 16, 2020 | Common Stock | 3,188 | 3,188 | D |
| Employee Stock GrantF2 | $15.47 | holding | — | — | — | — | Nov 30, 2020 | Common Stock | 2,211 | 2,211 | D |
| Employee Stock GrantF3 | $31.37 | holding | — | — | — | — | Nov 22, 2021 | Common Stock | 1,145 | 1,145 | D |
| Employee Stock GrantF4 | $38.09 | holding | — | — | — | — | Nov 16, 2022 | Common Stock | 1,250 | 1,250 | D |
| Employee Stock GrantF5 | $38.09 | holding | — | — | — | — | Nov 16, 2022 | Common Stock | 2,500 | 2,500 | D |
| Employee Stock GrantF6 | $21.99 | holding | — | — | — | — | Nov 27, 2023 | Common Stock | 1,246 | 1,246 | D |
| Employee Stock GrantF7 | $21.99 | holding | — | — | — | — | Nov 27, 2023 | Common Stock | 1,661 | 1,661 | D |
| Employee Stock OptionF8 | $21.99 | holding | — | — | — | — | Nov 27, 2023 | Common Stock | 3,519 | 3,519 | D |
| Employee Stock OptionF9 | $21.99 | holding | — | — | — | — | Nov 27, 2023 | Common Stock | 3,519 | 3,519 | D |
| Employee Stock GrantF10 | $13.57 | holding | — | — | — | — | May 14, 2024 | Common Stock | 16,581 | 16,581 | D |
| Employee Stock GrantF11 | $12.57 | holding | — | — | — | — | Oct 27, 2024 | Common Stock | 25,000 | 25,000 | D |
Explanation of responses
- F1These options became fully vested on June 1, 2014.
- F10Twenty-five percent of the restricted stock grant vested on April 1, 2015 and thereafter 1/4th of the restricted stock grant will vest on April 1 of each year for three years.
- F11Twenty-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.
- 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 restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
- F3Twenty-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.
- F4Twenty-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.
- F5The restricted stares 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, 2014 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years.
- F7These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
- F8Twenty-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.
- F9This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.