0001235468-21-000120.txt : 20210520 0001235468-21-000120.hdr.sgml : 20210520 20210520164123 ACCESSION NUMBER: 0001235468-21-000120 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210518 FILED AS OF DATE: 20210520 DATE AS OF CHANGE: 20210520 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Angrick William P III CENTRAL INDEX KEY: 0001352618 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-51813 FILM NUMBER: 21945036 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: 522209244 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 BUSINESS ADDRESS: STREET 1: 6931 ARLINGTON ROAD STREET 2: SUITE 200 CITY: BETHESDA STATE: MD ZIP: 20814 BUSINESS PHONE: 2024676868 MAIL ADDRESS: STREET 1: 6931 ARLINGTON ROAD STREET 2: SUITE 200 CITY: BETHESDA STATE: MD ZIP: 20814 4 1 wf-form4_162154324649506.xml FORM 4 X0306 4 2021-05-18 0 0001235468 LIQUIDITY SERVICES INC LQDT 0001352618 Angrick William P III C/O LIQUIDITY SERVICES, INC. 6931 ARLINGTON ROAD, SUITE 200 BETHESDA MD 20814 1 1 1 0 Chairman of the Board and CEO Common Stock 2021-05-18 4 S 0 92948 26.72 D 5530190 I By the William P. Angrick III Revocable Trust Common Stock 873379 I By the William P. Angrick III 2005 Irrevocable Trust Common Stock 575513 I By the Stephanie S. Angrick 2005 Irrevocable Trust Common Stock 114699 I By the Stephanie S. Angrick Revocable Trust Employee Stock Grant 2021-10-01 Common Stock 2050.0 2050 D Employee Stock Option 37.72 2021-12-02 Common Stock 32139.0 32139 D Employee Stock Option 9.13 2022-03-02 Common Stock 48000.0 48000 D Employee Stock Option 9.13 2022-03-02 Common Stock 27360.0 27360 D Employee Stock Option 46.72 2022-11-27 Common Stock 14695.0 14695 D Employee Stock Option 4.92 2022-12-11 Common Stock 87080.0 87080 D Employee Stock Option 4.92 2022-12-11 Common Stock 130620.0 130620 D Employee Stock Grant 2023-01-01 Common Stock 8650.0 8650 D Employee Stock Option 24.19 2023-11-27 Common Stock 48122.0 48122 D Employee Stock Option 6.72 2023-12-04 Common Stock 124200.0 124200 D Employee Stock Option 6.72 2023-12-04 Common Stock 124200.0 124200 D Employee Stock Grant 2024-01-01 Common Stock 41025.0 41025 D Employee Stock Option 7.36 2024-12-03 Common Stock 139900.0 139900 D Employee Stock Option 7.36 2024-12-03 Common Stock 139900.0 139900 D Employee Stock Grant 2025-01-01 Common Stock 23700.0 23700 D Employee Stock Grant 2025-01-01 Common Stock 23700.0 23700 D Employee Stock Option 10.41 2025-12-01 Common Stock 131950.0 131950 D Employee Stock Option 10.41 2025-12-01 Common Stock 131950.0 131950 D Employee Stock Option 7.29 2025-12-22 Common Stock 56193.0 56193 D Employee Stock Grant 2026-10-01 Common Stock 32358.0 32358 D 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. 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. Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock. Twenty-five percent of this restricted stock unit grant vested on January 1, 2019 and thereafter, an additional 1/4th vests on each of October 1, 2019, October 1, 2020, and October 1, 2021. These options became fully exercisable on October 1, 2015. These options became fully exercisable on October 1, 2020. These options become exercisable, if at all, based on the issuer's achievement of certain financial milestones. These options became fully exercisable on October 1, 2016. 15/48th of this option grant vested on January 1, 2019 and thereafter, an additional 1/48th vests each month for thirty three months. 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. Twenty-five percent of this restricted stock unit grant vested on January 1, 2020 and thereafter, an additional 1/4th vests on each of January 1, 2021, January 1, 2022, and January 1, 2023. These options became fully exercisable on October 1, 2017. 15/48th of this option grant vested on January 1, 2020 and thereafter, an additional 1/48th will vest each month for thirty-three months. Twenty-five percent of this restricted stock unit grant vested on January 1, 2021 and thereafter, an additional 1/4th vests on each of January 1, 2022, January 1, 2023 and January 1, 2024. 12/48th of this option grant vested on January 1, 2021 and thereafter, an additional 1/48th vests each month for thirty-six months. Twenty-five percent of this restricted stock unit grant will vest on January 1, 2022 and thereafter, an additional 1/4th will vest on each of January 1, 2023, January 1, 2024 and January 1, 2025. These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones. These options vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones. 12/48th of this option grant will vest on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months. These options became fully exercisable on October 1, 2019. These restricted stock units will vest, if at all, based on the issuer's achievement of certain financial milestones. /s/ Mark A. Shaffer, by power of attorney 2021-05-20