SEC Form 4 · accession 0001179110-15-013748

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

Oct 2, 2015

Accepted (ET)

Oct 2, 2015 · 8:00 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	Oct 2, 2015	S	6,409	$7.23	D	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 Option^F1	$9.05	holding	—	—	—	—	Oct 1, 2019	Common Stock	508	508	D
Employee Stock Option^F2	$15.47	holding	—	—	—	—	Oct 1, 2020	Common Stock	2,706	2,706	D
Employee Stock Grant^F3	$15.47	holding	—	—	—	—	Oct 1, 2020	Common Stock	2,765	2,765	D
Employee Stock Option^F4	$31.11	holding	—	—	—	—	Oct 1, 2021	Common Stock	5,950	5,950	D
Employee Stock Grant^F5	$38.09	holding	—	—	—	—	Oct 1, 2022	Common Stock	689	689	D
Employee Stock Option^F6	$38.09	holding	—	—	—	—	Oct 1, 2022	Common Stock	1,835	1,835	D
Employee Stock Grant^F7	$21.99	holding	—	—	—	—	Oct 1, 2023	Common Stock	1,885	1,885	D
Employee Stock Grant^F8	$21.99	holding	—	—	—	—	Oct 1, 2023	Common Stock	3,769	3,769	D
Employee Stock Option^F9	$21.99	holding	—	—	—	—	Oct 1, 2023	Common Stock	7,985	7,985	D
Employee Stock Option^F10	$21.99	holding	—	—	—	—	Oct 1, 2023	Common Stock	7,985	7,985	D
Employee Stock Grant^F11	$10.41	holding	—	—	—	—	Oct 1, 2024	Common Stock	11,642	11,642	D
Employee Stock Grant^F12	$10.41	holding	—	—	—	—	Oct 1, 2024	Common Stock	3,881	3,881	D
Employee Stock Option^F13	$10.41	holding	—	—	—	—	Oct 1, 2024	Common Stock	9,053	9,053	D
Employee Stock Option^F14	$10.41	holding	—	—	—	—	Oct 1, 2024	Common Stock	2,263	2,263	D

Explanation of responses

F1These options became fully vested on October 1, 2013.
F10This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
F11Twenty-five percent of this restricted stock grant vested on October 1, 2015 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years.
F12These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
F13Twenty-five percent of this option grant vested on October 1, 2015 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
F14This 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.
F4These options became fully vested on October 1, 2015.
F5Twenty-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.
F6Twenty-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.
F7Twenty-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.
F8These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
F9Twenty-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.