SEC Form 4 · accession 0001628280-19-000897
LIQUIDITY SERVICES INC · LQDT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
George H Ellis
Director
Period of report
Feb 1, 2019
Accepted (ET)
Feb 4, 2019 · 4:59 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 | 37,018 | D | |
| Common StockF2 | holding | — | — | — | 1,160 | I | I.R.A. |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock GrantF10,F8,F9 | — | Feb 1, 2019 | J | 14,615 | D | — | Feb 1, 2028 | Common Stock | 14,615 | 0 | D |
| Employee Stock GrantF10,F8,F11 | — | Feb 1, 2019 | A | 11,176 | A | — | Feb 1, 2029 | Common Stock | 11,176 | 11,176 | D |
| Employee Stock OptionF3 | $42.31 | holding | — | — | — | — | Feb 1, 2022 | Common Stock | 5,328 | 5,328 | D |
| Employee Stock OptionF3 | $40.11 | holding | — | — | — | — | Feb 1, 2023 | Common Stock | 5,954 | 5,954 | D |
| Employee Stock OptionF4 | $21.53 | holding | — | — | — | — | Feb 1, 2024 | Common Stock | 13,144 | 13,144 | D |
| Employee Stock OptionF5 | $9.84 | holding | — | — | — | — | Feb 1, 2025 | Common Stock | 19,050 | 19,050 | D |
| Employee Stock OptionF6 | $6.29 | holding | — | — | — | — | Feb 1, 2026 | Common Stock | 44,192 | 44,192 | D |
| Employee Stock OptionF7 | $9.75 | holding | — | — | — | — | Feb 1, 2027 | Common Stock | 10,684 | 10,684 | D |
Explanation of responses
- F1Represents the vesting of restricted stock.
- F10Each restricted stock unit represents the contingent right to receive one share of Common Stock upon vesting of the unit.
- F11These restricted shares have a one-year vesting period such that 100% of this restricted stock grant will vest on February 1, 2020.
- F2George H. Ellis Individual Retirement Account with Northern Trust Company as Trustee.
- F3These options became fully vested on February 1, 2013.
- F4These options became fully vested on February 1, 2015.
- F5These options became fully vested on February 1, 2016.
- F6These options became fully vested on February 1, 2017.
- F7These options became fully vested on February 1, 2018.
- F8Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
- F9These restricted shares became fully vested on February 1, 2019.