SEC Form 4 · accession 0001628280-19-000895
LIQUIDITY SERVICES INC · LQDT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Beatriz V Infante
Director
Period of report
Feb 1, 2019
Accepted (ET)
Feb 4, 2019 · 4:57 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, 2019 | J | 14,615 | $8.50 | A | 54,529 | 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 GrantF4,F2,F3 | — | Feb 1, 2019 | J | 14,615 | D | — | Feb 1, 2028 | Common Stock | 14,615 | 0 | D |
| Employee Stock GrantF4,F2,F5 | — | Feb 1, 2019 | A | 11,176 | A | — | Feb 1, 2029 | Common Stock | 11,176 | 22,352 | D |
Explanation of responses
- F1Represents the vesting of restricted stock.
- F2Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
- F3These shares became fully vested on February 1, 2019.
- F4Each restricted stock unit represents the contingent right to receive one share of Common Stock upon vesting of the unit.
- F5These restricted shares have a one-year vesting period such that 100% of this restricted stock grant will vest on February 1, 2020.