SEC Form 4 · accession 0001179110-17-000539
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
Jan 3, 2017
Accepted (ET)
Jan 5, 2017 · 5:26 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 | Jan 3, 2017 | J | 12,279 | $9.66 | A | 12,279 | D | |
| Common Stock | Jan 3, 2017 | S | 12,279 | $9.66 | D | 0 | 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 GrantF3 | $33.13 | Jan 3, 2017 | J | 12,279 | D | — | Jan 1, 2023 | Common Stock | 12,279 | 0 | D |
| Employee Stock GrantF1 | $21.99 | holding | — | — | — | — | Oct 1, 2023 | Common Stock | 933 | 933 | D |
| Employee Stock OptionF2 | $21.99 | holding | — | — | — | — | Oct 1, 2023 | Common Stock | 7,900 | 7,900 | D |
| Employee Stock GrantF4 | $13.57 | holding | — | — | — | — | May 14, 2024 | Common Stock | 55,269 | 27,635 | D |
| Employee Stock GrantF5 | $10.41 | holding | — | — | — | — | Oct 1, 2024 | Common Stock | 28,638 | 28,638 | D |
| Employee Stock OptionF6 | $10.41 | holding | — | — | — | — | Oct 1, 2024 | Common Stock | 10,077 | 10,077 | D |
| Employee Stock GrantF7 | $6.63 | holding | — | — | — | — | Oct 1, 2025 | Common Stock | 25,342 | 25,342 | D |
| Employee Stock GrantF8 | $5.11 | holding | — | — | — | — | Oct 1, 2025 | Common Stock | 8,447 | 8,447 | D |
| Employee Stock OptionF9 | $6.63 | holding | — | — | — | — | Oct 1, 2025 | Common Stock | 18,522 | 18,522 | D |
| Employee Stock OptionF10 | $6.63 | holding | — | — | — | — | Oct 1, 2025 | Common Stock | 4,630 | 4,630 | D |
| Employee Stock GrantF11 | $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.
- F10This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
- F11These restricted shares will vest, if at all, based on the Issuer's achievement of certain milestones with respect to the Liquidity One Transformation plan.
- F12Represents the vesting of restricted stock
- F13Represents 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.
- F6Twenty-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.
- F7Twenty-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.
- 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, 2016 and thereafter 1/48th of the option grant will vest each month for thirty-six months.