Accession Number: | 0001235468-20-000071 |
Date: | 2020-02-26 |
Issuer: | LIQUIDITY SERVICES INC (LQDT) |
Original Submission Date: |
ANGRICK WILLIAM P III
C/O LIQUIDITY SERVICES, INC.
6931 ARLINGTON ROAD, SUITE 200
BETHESDA, MD 20814
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
---|---|---|---|---|---|---|---|---|---|
COMMON STOCK | 2020-02-26 | P | 20,669 | a | $4.27 | 3,831,942 | indirect | f1 | |
COMMON STOCK | 2020-02-27 | P | 20,669 | a | $4.17 | 3,852,611 | indirect | f1 | |
COMMON STOCK | 2020-02-28 | P | 20,669 | a | $4.00 | 3,873,280 | indirect | f1 | |
COMMON STOCK | 2020-02-26 | 0 | $0.00 | 873,379 | indirect | f1 | |||
COMMON STOCK | 2020-02-26 | 0 | $0.00 | 575,513 | indirect | f2 | |||
COMMON STOCK | 2020-02-26 | 0 | $0.00 | 114,699 | indirect | f2 |
Title of Derivative Security | Conversion or Exercise Price of Derivative Security | Transaction Date | Deemed Execution Date | Transaction Code | Number of Derivative Securities Acquired (A) or Disposed of (D) | Date Exercisable | Expiration Date | Title and Amount of Securities Underlying Derivative Security | Price of Derivative Security | Number of derivative Securities Beneficially Owned Following Reported Transaction(s) | Ownership Form: Direct (D) or Indirect (I) | Nature of Indirect Beneficial Ownership |
---|---|---|---|---|---|---|---|---|---|---|---|---|
EMPLOYEE STOCK OPTION | 7.36 | deemed execution date | 0 ( ) | 2024-12-03 | common stock 139,900 | $7.36 | 139,900 | direct | ||||
EMPLOYEE STOCK OPTION | 7.36 | deemed execution date | 0 ( ) | 2024-12-03 | common stock 139,900 | $7.36 | 139,900 | direct | ||||
EMPLOYEE STOCK GRANT | 0.0 | deemed execution date | 0 ( ) | 2024-01-01 | common stock 54,700 | $0.00 | 54,700 | direct | ||||
EMPLOYEE STOCK GRANT | 0.0 | deemed execution date | 0 ( ) | 2024-01-01 | common stock 54,700 | $0.00 | 54,700 | direct | ||||
EMPLOYEE STOCK OPTION | 6.72 | deemed execution date | 0 ( ) | 2028-10-01 | common stock 124,200 | $6.72 | 124,200 | direct | ||||
EMPLOYEE STOCK GRANT | 0.0 | deemed execution date | 0 ( ) | 2028-10-01 | common stock 17,300 | $0.00 | 17,300 | direct | ||||
EMPLOYEE STOCK OPTION | 6.72 | deemed execution date | 0 ( ) | 2022-10-01 | common stock 124,200 | $6.72 | 124,200 | direct | ||||
EMPLOYEE STOCK GRANT | 0.0 | deemed execution date | 0 ( ) | 2022-10-01 | common stock 12,975 | $0.00 | 12,975 | direct | ||||
EMPLOYEE STOCK OPTION | 4.92 | deemed execution date | 0 ( ) | 2027-10-01 | common stock 130,620 | $4.92 | 130,620 | direct | ||||
EMPLOYEE STOCK OPTION | 4.92 | deemed execution date | 0 ( ) | 2027-10-01 | common stock 87,080 | $4.92 | 87,080 | direct | ||||
EMPLOYEE STOCK GRANT | 0.0 | deemed execution date | 0 ( ) | 2021-12-11 | common stock 4,920 | $0.00 | 4,920 | direct | ||||
EMPLOYEE STOCK GRANT | 0.0 | deemed execution date | 0 ( ) | 2021-10-01 | common stock 4,100 | $0.00 | 4,100 | direct | ||||
EMPLOYEE STOCK GRANT | 0.0 | deemed execution date | 0 ( ) | 2020-10-01 | common stock 18,812 | $0.00 | 18,812 | direct | ||||
EMPLOYEE STOCK GRANT | 0.0 | deemed execution date | 0 ( ) | 2026-10-01 | common stock 67,725 | $0.00 | 67,725 | direct | ||||
EMPLOYEE STOCK OPTION | 9.13 | deemed execution date | 0 ( ) | 2026-10-01 | common stock 48,000 | $9.13 | 48,000 | direct | ||||
EMPLOYEE STOCK OPTION | 9.13 | deemed execution date | 0 ( ) | 2026-10-01 | common stock 48,000 | $9.13 | 48,000 | direct | ||||
EMPLOYEE STOCK OPTION | 7.29 | deemed execution date | 0 ( ) | 2025-10-01 | common stock 83,178 | $7.29 | 83,178 | direct | ||||
EMPLOYEE STOCK OPTION | 7.29 | deemed execution date | 0 ( ) | 2025-10-01 | common stock 20,794 | $7.29 | 20,794 | direct | ||||
EMPLOYEE STOCK OPTION | 11.45 | deemed execution date | 0 ( ) | 2024-10-01 | common stock 29,980 | $11.45 | 29,980 | direct | ||||
EMPLOYEE STOCK OPTION | 24.19 | deemed execution date | 0 ( ) | 2023-10-01 | common stock 48,122 | $24.19 | 48,122 | direct | ||||
EMPLOYEE STOCK OPTION | 46.72 | deemed execution date | 0 ( ) | 2022-10-01 | common stock 14,695 | $46.72 | 14,695 | direct | ||||
EMPLOYEE STOCK OPTION | 37.72 | deemed execution date | 0 ( ) | 2021-10-01 | common stock 32,139 | $37.72 | 32,139 | direct | ||||
EMPLOYEE STOCK OPTION | 17.02 | deemed execution date | 0 ( ) | 2020-10-01 | common stock 8,641 | $17.02 | 8,641 | direct | ||||
EMPLOYEE STOCK GRANT | 0.0 | deemed execution date | 0 ( ) | 2020-10-01 | common stock 11,053 | $0.00 | 11,053 | direct | ||||
EMPLOYEE STOCK OPTION | 9.96 | deemed execution date | 0 ( ) | 2019-10-01 | common stock 4,568 | $9.96 | 4,568 | direct |
ID | footnote |
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f1 | these shares are held in a trust for the benefit of the reporting person. the reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of the securities for the purposes of section 16 or for any other purpose. |
f2 | these shares are held in a trust for the benefit of the reporting person's spouse, who is also trustee of the trust. the reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of the securities for the purposes of section 16 or for any other purpose. |
f3 | this option becomes exercisable, if at all, based on total shareholder return (tsr) milestones. tsr is calculated based on the change in a the issuer's stock price during the performance period, taking into account any dividends paid during that period, which are assumed to be reinvested in the stock. |
f4 | 12/48th of this option grant will vest on january 1, 2021 and, thereafter, 1/48th of the option grant will vest each month for thirty-six months. |
f5 | each restricted stock unit is the economic equivalent of one share of liquidity services, inc. common stock. |
f6 | these restricted stock units vest, if at all, based on total shareholder return (tsr) milestones. tsr is calculated based on the change in a the issuer's stock price during the performance period, taking into account any dividends paid during that period, which are assumed to be reinvested in the stock. |
f7 | twenty-five percent of this restricted stock grant will vest on january 1, 2021 and thereafter 1/4th of the restricted stock grant will vest on each of january 1, 2022, january 1, 2023 and january 1, 2024. |
f8 | 15/48th of this option grant will vest on january 1, 2020 and thereafter 1/48th of the option grant will vest each month for thirty three months. |
f9 | twenty-five percent of this restricted stock grant will vest on january 1, 2020 and thereafter 1/4th of the restricted stock grant will vest on each october 1, 2020, october 1, 2021, and october 1, 2022. |
f10 | 15/48th 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. |
f11 | twenty-five percent of this restricted stock grant each vested on january 1, 2019 and october 1, 2019, and thereafter 1/4th of the restricted stock grant will vest on each october 1, 2020, and october 1, 2021. |
f12 | twenty-five percent of this restricted stock grant vested on april 1, 2018 and october 1, 2018, and october 1, 2019, and thereafter 1/4th of the restricted stock grant will vest on october 1, 2020. |
f13 | these restricted stock units will vest, if at all, based on the issuer's achievement of certain financial milestones. |
f14 | 18/48th of this option grant vested on april 1, 2018 and thereafter 1/48th of the option grant will vest each month for thirty months. |
f15 | this option becomes exercisable, if at all, based on the issuer's achievement of certain financial milestones. |
f16 | these options became fully vested on october 1, 2019. |
f17 | 75% of the options were certified as vested on december 6, 2018. the remaining options become exercisable, if at all, based on the issuer's achievement of certain financial milestones. |
f18 | these options became fully vested on october 1, 2018. |
f19 | these options became fully vested on october 1, 2017. |
f20 | these options became fully vested on october 1, 2016. |
f21 | these options became fully vested on october 1, 2015. |
f22 | these options became fully vested on october 1, 2014. |
f23 | these options became fully vested on october 1, 2013. |