SEC Form 4 · accession 0001179110-16-030492
LIQUIDITY SERVICES INC · LQDT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Segundo Leoncio Casusol
Officer — Chief Information Officer
Period of report
Oct 3, 2016
Accepted (ET)
Oct 5, 2016 · 6:39 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 3, 2016 | J | 16,539 | $10.65 | A | 16,539 | D | |
| Common Stock | Oct 3, 2016 | S | 3,821 | $10.65 | D | 12,538 | D | |
| Common Stock | Oct 4, 2016 | S | 1,701 | $10.52 | D | 10,837 | D | |
| Common Stock | Oct 5, 2016 | S | 4,072 | $10.51 | D | 6,765 | 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 GrantF1 | $21.99 | Oct 3, 2016 | J | 932 | D | — | Oct 1, 2023 | Common Stock | 1,865 | 933 | D |
| Employee Stock GrantF5 | $10.41 | Oct 3, 2016 | J | 7,160 | D | — | Oct 1, 2024 | Common Stock | 35,798 | 28,638 | D |
| Employee Stock GrantF9 | $6.63 | Oct 3, 2016 | J | 8,447 | D | — | Oct 1, 2025 | Common Stock | 33,789 | 25,342 | D |
| Employee Stock OptionF2 | $21.99 | holding | — | — | — | — | Oct 1, 2023 | Common Stock | 7,900 | 7,900 | D |
| Employee Stock GrantF3 | $33.13 | holding | — | — | — | — | Jan 1, 2023 | Common Stock | 12,279 | 12,279 | D |
| Employee Stock GrantF4 | $13.57 | holding | — | — | — | — | May 14, 2024 | Common Stock | 55,269 | 55,269 | D |
| Employee Stock GrantF6 | $10.41 | holding | — | — | — | — | Oct 1, 2024 | Common Stock | 14,319 | 14,319 | D |
| Employee Stock OptionF7 | $10.41 | holding | — | — | — | — | Oct 1, 2024 | Common Stock | 10,077 | 10,077 | D |
| Employee Stock OptionF8 | $10.41 | holding | — | — | — | — | Oct 1, 2024 | Common Stock | 2,519 | 2,519 | D |
| Employee Stock GrantF10 | $5.11 | holding | — | — | — | — | Oct 1, 2025 | Common Stock | 8,447 | 8,447 | D |
| Employee Stock OptionF11 | $6.63 | holding | — | — | — | — | Oct 1, 2025 | Common Stock | 18,522 | 18,522 | D |
| Employee Stock OptionF12 | $6.63 | holding | — | — | — | — | Oct 1, 2025 | Common Stock | 4,630 | 4,630 | D |
| Employee Stock GrantF13 | $6.63 | holding | — | — | — | — | Oct 1, 2025 | Common Stock | 26,395 | 26,395 | 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.
- F10These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
- F11Twenty-five percent of this option grant vested on October 1, 2016 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
- F12This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
- F13These restricted shares will vest, if at all, based on the Issuer's achievement of certain milestones with respect to the Liquidity One Transformation plan.
- F14Represents vesting of restricted stock
- F15Represents reporting person's advance election to sell upon vesting such restricted shares
- F2Twenty-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.
- F3Twenty-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.
- F4Fifty 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.
- F5Twenty-five percent of this restricted stock grant vested on October 1, 2015 and thereafter 1/8th of the restricted stock grant will vest on April 1 and October 1 of each year for three years.
- F6These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
- F7Twenty-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.
- F8This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
- F9Twenty-five percent of this restricted stock grant vested on October 1, 2016 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years.