0001179110-12-006644.txt : 20120409 0001179110-12-006644.hdr.sgml : 20120409 20120409173048 ACCESSION NUMBER: 0001179110-12-006644 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120405 FILED AS OF DATE: 20120409 DATE AS OF CHANGE: 20120409 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Burton Thomas B CENTRAL INDEX KEY: 0001352735 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-51813 FILM NUMBER: 12750362 MAIL ADDRESS: STREET 1: C/O LIQUIDITY SERVICES INC. STREET 2: 1920 L STREET, N.W., 6TH FLOOR CITY: WASHINGTON STATE: DC ZIP: 20036 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: LIQUIDITY SERVICES INC CENTRAL INDEX KEY: 0001235468 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 BUSINESS ADDRESS: STREET 1: 1920 L STREET, N.W. STREET 2: 6TH FLOOR CITY: WASHINGTON STATE: DC ZIP: 20036 BUSINESS PHONE: 2024676868 MAIL ADDRESS: STREET 1: 1920 L STREET, N.W. STREET 2: 6TH FLOOR CITY: WASHINGTON STATE: DC ZIP: 20036 4 1 edgar.xml FORM 4 - X0305 4 2012-04-05 0 0001235468 LIQUIDITY SERVICES INC LQDT 0001352735 Burton Thomas B C/O LIQUIDITY SERVICES, INC. 1920 L STREET, N.W., 6TH FLOOR WASHINGTON DC 20036 0 1 0 0 Pres, COO, Gov't Liquid LLC Common Stock 2012-04-05 4 M 0 1001 10.93 A 9625 D Common Stock 2012-04-05 4 S 0 1001 49.00 D 8624 D Employee Stock Grant 31.11 2021-10-01 Common Stock 7111 7111 D Employee Stock Option 31.11 2021-10-01 Common Stock 11801 11801 D Employee Stock Grant 15.47 2020-10-01 Common Stock 6374 6374 D Employee Stock Option 15.47 2020-10-01 Common Stock 12556 12556 D Employee Stock Grant 15.47 2020-10-01 Common Stock 17500 17500 D Employee Stock Option 7.48 2018-10-01 Common Stock 44003 44003 D Employee Stock Option 10.93 2012-04-05 4 M 0 1001 10.93 D 2017-10-01 Common Stock 19000 17999 D The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 12, 2011. Twenty-five percent of this restricted stock grant will vest on October 1, 2012 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years. Twenty-five percent of this option grant will vest on October 1, 2012 and thereafter 1/48th of the option grant will vest each month for thirty-six months. Twenty-five percent of this restricted stock grant vested on October 1, 2011 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years. Twenty-five percent of this option grant vested on October 1, 2011 and thereafter 1/48th of the option grant will vest each month for thirty-six months. These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones. Twenty percent of this option grant vested on October 1, 2009 and thereafter 1/60th of the option grant will vest each month for forty-eight months. Twenty-five percent of this option grant vested on October 1, 2008, with the remaining options vesting at 2.083% per month thereafter on the first day of each month for the next 36 months. /s/ James E. Williams, by power of attorney 2012-04-09