SEC Form 4 · accession 0001628280-18-012377
LIQUIDITY SERVICES INC · LQDT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Roger Gravley
Officer — President, GovDeals & CIO
Period of report
Oct 4, 2018
Accepted (ET)
Oct 9, 2018 · 7:59 am 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 4, 2018 | S | 648 | $5.53 | D | 5,939 | D | |
| Common Stock | Oct 5, 2018 | S | 2,161 | $5.26 | D | 3,778 | D | |
| Common Stock | Oct 8, 2018 | S | 3,778 | $5.25 | 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 OptionF2 | $9.05 | holding | — | — | — | — | Oct 1, 2019 | Common Stock | 1,801 | 1,801 | D |
| Employee Stock GrantF3 | $15.47 | holding | — | — | — | — | Oct 1, 2020 | Common Stock | 1,106 | 1,106 | D |
| Employee Stock OptionF4 | $15.47 | holding | — | — | — | — | Oct 1, 2020 | Common Stock | 2,292 | 2,292 | D |
| Employee Stock OptionF5 | $31.37 | holding | — | — | — | — | Oct 1, 2021 | Common Stock | 2,857 | 2,857 | D |
| Employee Stock OptionF6 | $21.99 | holding | — | — | — | — | Oct 1, 2023 | Common Stock | 3,519 | 3,519 | D |
| Employee Stock GrantF3 | $21.99 | holding | — | — | — | — | Nov 27, 2023 | Common Stock | 499 | 499 | D |
| Employee Stock OptionF7 | $21.99 | holding | — | — | — | — | Nov 27, 2023 | Common Stock | 3,519 | 3,519 | D |
| Employee Stock OptionF8 | $10.41 | holding | — | — | — | — | Oct 1, 2024 | Common Stock | 7,338 | 7,338 | D |
| Employee Stock GrantF9 | $10.41 | holding | — | — | — | — | Oct 1, 2024 | Common Stock | 0 | 0 | D |
| Employee Stock OptionF10 | $6.63 | holding | — | — | — | — | Oct 1, 2025 | Common Stock | 11,430 | 11,430 | D |
| Employee Stock GrantF11 | $6.63 | holding | — | — | — | — | Oct 1, 2025 | Common Stock | 5,213 | 5,213 | D |
| Employee Stock OptionF7 | $5.11 | holding | — | — | — | — | Oct 1, 2025 | Common Stock | 2,858 | 2,858 | D |
| Employee Stock GrantF3 | $5.11 | holding | — | — | — | — | Oct 1, 2025 | Common Stock | 5,213 | 5,213 | D |
| Employee Stock GrantF12 | $8.30 | holding | — | — | — | — | Oct 1, 2026 | Common Stock | 4,125 | 4,125 | D |
| Employee Stock OptionF13 | $8.30 | holding | — | — | — | — | Oct 1, 2026 | Common Stock | 4,900 | 4,900 | D |
| Employee Stock GrantF3 | $8.30 | holding | — | — | — | — | Oct 1, 2026 | Common Stock | 8,250 | 8,250 | D |
| Employee Stock OptionF7 | $8.30 | holding | — | — | — | — | Oct 1, 2026 | Common Stock | 4,900 | 4,900 | D |
| Employee Stock OptionF7 | $4.47 | holding | — | — | — | — | Oct 1, 2027 | Common Stock | 29,760 | 29,760 | D |
| Employee Stock GrantF3 | $4.47 | holding | — | — | — | — | Oct 1, 2027 | Common Stock | 3,060 | 3,060 | D |
| Employee Stock OptionF14 | $4.47 | holding | — | — | — | — | Oct 1, 2027 | Common Stock | 19,840 | 19,840 | D |
| Employee Stock GrantF15 | $4.47 | holding | — | — | — | — | Oct 1, 2027 | Common Stock | 2,040 | 2,040 | D |
Explanation of responses
- F1Represents reporting person's advance election to sell upon vesting such restricted shares.
- F10Twenty-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.
- F11Twenty-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.
- F12Twenty-five percent of this restricted stock grant vested on April 1, 2018 and thereafter 1/4th of the restricted stock grant will vest on each of October 1, 2018, October 1, 2019, and October 1, 2020.
- F1318/48th of this option grant vested on April 1, 2018 and thereafter 1/48th of the option grant will vest each month for thirty months.
- F1415/48th of this option grant will vest on January 1, 2019 and thereafter 1/48th of the option grant will vest each month for thirty three months.
- F15Twenty-five percent of this restricted stock grant will vest on January 1, 2019 and thereafter 1/4th of the restricted stock grant will vest on each October 1, 2019, October 1, 2020, and October 1, 2021.
- F2These options became fully vested on October 1, 2013.
- 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, 2014.
- F5These options became fully vested on October 1, 2015.
- F6These options became fully vested on October 1, 2017.
- F7This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
- F8Twenty-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.
- F9Twenty-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.