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