Form Type: 4

SEC EDGAR Link
Accession Number:0001235468-20-000071
Date:2020-02-26
Issuer: LIQUIDITY SERVICES INC (LQDT)
Original Submission Date:

Reporting Person:

ANGRICK WILLIAM P III
C/O LIQUIDITY SERVICES, INC.
6931 ARLINGTON ROAD, SUITE 200 BETHESDA, MD 20814

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature 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
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
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 ExercisableExpiration 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
Footnotes
IDfootnote
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.
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