SEC Form 4 · accession 0001179110-16-017580
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
Dec 22, 2015
Accepted (ET)
Jan 8, 2016 · 5:11 pm EST
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 | — | — | — | 32,988 | 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 GrantF11 | $6.63 | Dec 22, 2015 | A | 33,789 | A | — | Oct 1, 2025 | Common Stock | 33,789 | 33,789 | D |
| Employee Stock GrantF12 | $6.63 | Dec 22, 2015 | A | 8,447 | A | — | Oct 1, 2025 | Common Stock | 8,447 | 8,447 | D |
| Employee Stock OptionF13 | $6.63 | Dec 22, 2015 | A | 18,522 | A | — | Oct 1, 2025 | Common Stock | 18,522 | 18,522 | D |
| Employee Stock OptionF14 | $6.63 | Dec 22, 2015 | A | 4,630 | A | — | Oct 1, 2025 | Common Stock | 4,630 | 4,630 | D |
| Employee Stock GrantF15 | $6.63 | Dec 22, 2015 | A | 26,395 | A | — | Oct 1, 2025 | Common Stock | 26,395 | 26,395 | D |
| Employee Stock GrantF1 | $21.99 | holding | — | — | — | — | Oct 1, 2023 | Common Stock | 1,865 | 1,865 | D |
| Employee Stock GrantF2 | $21.99 | holding | — | — | — | — | Oct 1, 2023 | Common Stock | 3,729 | 3,729 | D |
| Employee Stock OptionF3 | $21.99 | holding | — | — | — | — | Oct 1, 2023 | Common Stock | 7,900 | 7,900 | D |
| Employee Stock OptionF4 | $21.99 | holding | — | — | — | — | Oct 1, 2023 | Common Stock | 7,899 | 7,899 | D |
| Employee Stock GrantF5 | $41.19 | holding | — | — | — | — | Jan 1, 2023 | Common Stock | 24,557 | 24,557 | D |
| Employee Stock GrantF6 | $13.57 | holding | — | — | — | — | May 14, 2024 | Common Stock | 55,269 | 55,269 | D |
| Employee Stock GrantF7 | $10.41 | holding | — | — | — | — | Oct 1, 2024 | Common Stock | 42,958 | 42,958 | D |
| Employee Stock GrantF8 | $10.41 | holding | — | — | — | — | Oct 1, 2024 | Common Stock | 14,319 | 14,319 | D |
| Employee Stock OptionF9 | $10.41 | holding | — | — | — | — | Oct 1, 2024 | Common Stock | 10,077 | 10,077 | D |
| Employee Stock OptionF10 | $10.41 | holding | — | — | — | — | Oct 1, 2024 | Common Stock | 2,519 | 2,519 | D |
Explanation of responses
- F1Twenty-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.
- 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 will vest on October 1, 2016 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 will vest on October 1, 2016 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.
- F15These restricted shares will vest, if at all, based on the Issuer's achievement of certain milestones with respect to the Liquidity One Transformation plan.
- F2These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
- F3Twenty-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.
- F4This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
- F5Twenty-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.
- F6Fifty percent of this restricted stock grant vested on November 1, 2015 and thereafter 1/4th of the restricted stock grant will vest on November 1 of each year for two years.
- F7Twenty-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.
- 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, 2015 and thereafter 1/48th of the option grant will vest each month for thirty-six months.