SEC Form 4 · accession 0001628280-18-001044
LIQUIDITY SERVICES INC · LQDT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Phillip A Clough
Director
Period of report
Feb 1, 2018
Accepted (ET)
Feb 5, 2018 · 5:54 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 | Feb 1, 2018 | J | 7,795 | $6.50 | A | 47,912 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock GrantF9 | $9.75 | Feb 1, 2018 | J | 7,795 | D | — | Feb 1, 2027 | Common Stock | 7,795 | 0 | D |
| Employee Stock OptionF10 | $6.50 | Feb 1, 2018 | A | 15,344 | A | — | Feb 1, 2028 | Common Stock | 15,344 | 15,344 | D |
| Employee Stock GrantF11 | $6.50 | Feb 1, 2018 | A | 5,846 | A | — | Feb 1, 2028 | Common Stock | 5,846 | 5,846 | D |
| Employee Stock OptionF2 | $11.66 | holding | — | — | — | — | Jun 3, 2018 | Common Stock | 15,082 | 15,082 | D |
| Employee Stock OptionF3 | $42.31 | holding | — | — | — | — | Feb 1, 2022 | Common Stock | 5,328 | 5,328 | D |
| Employee Stock OptionF4 | $40.11 | holding | — | — | — | — | Feb 1, 2023 | Common Stock | 5,954 | 5,954 | D |
| Employee Stock OptionF5 | $21.53 | holding | — | — | — | — | Feb 1, 2024 | Common Stock | 13,144 | 13,144 | D |
| Employee Stock OptionF6 | $9.84 | holding | — | — | — | — | Feb 1, 2025 | Common Stock | 19,050 | 19,050 | D |
| Employee Stock OptionF7 | $6.29 | holding | — | — | — | — | Feb 1, 2026 | Common Stock | 14,730 | 14,730 | D |
| Employee Stock OptionF8 | $9.75 | holding | — | — | — | — | Feb 1, 2027 | Common Stock | 3,561 | 3,561 | D |
Explanation of responses
- F1Represents the vesting of restricted stock.
- F10These options have a one-year vesting period such that 100% of this option grant will vest on February 1, 2019.
- F11These restricted shares have a one-year vesting period such that 100% of this restricted share grant will vest on February 1, 2019.
- F2These options became fully vested on April 29, 2009.
- F3These options became fully vested on February 1, 2013.
- F4These options became fully vested on February 1, 2014.
- F5These options became fully vested on February 1, 2015.
- F6These options became fully vested on February 1, 2016.
- F7These options became fully vested on February 1, 2017.
- F8These options became fully vested on February 1, 2018.
- F9These restricted shares became fully vested on February 1, 2018.