0001209191-23-032574.txt : 20230526
0001209191-23-032574.hdr.sgml : 20230526
20230526164336
ACCESSION NUMBER: 0001209191-23-032574
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230525
FILED AS OF DATE: 20230526
DATE AS OF CHANGE: 20230526
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Daunt John
CENTRAL INDEX KEY: 0001774667
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-51813
FILM NUMBER: 23969792
MAIL ADDRESS:
STREET 1: C/O 6931 ARLINGTON ROAD
STREET 2: SUITE 200
CITY: BETHESDA
STATE: MD
ZIP: 20814
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
doc4.xml
FORM 4 SUBMISSION
X0407
4
2023-05-25
0
0001235468
LIQUIDITY SERVICES INC
LQDT
0001774667
Daunt John
6931 ARLINGTON ROAD SUITE 200
BETHESDA
MD
20814
0
1
0
0
EVP & CCO
0
Common Stock
2023-05-25
4
M
0
2062
6.11
A
55136
I
By The Daunt Family Trust
Common Stock
2023-05-25
4
S
0
2062
15.11
D
53074
I
By The Daunt Family Trust
Common Stock
2023-05-25
4
M
0
4305
6.58
A
57379
I
By The Daunt Family Trust
Common Stock
2023-05-25
4
S
0
4305
15.11
D
53074
I
By The Daunt Family Trust
Common Stock
2023-05-25
4
M
0
2147
6.69
A
55221
I
By The Daunt Family Trust
Common Stock
2023-05-25
4
S
0
2147
15.11
D
53074
I
By The Daunt Family Trust
Common Stock
2023-05-25
4
M
0
17308
9.46
A
70382
I
By The Daunt Family Trust
Common Stock
2023-05-25
4
S
0
17308
15.11
D
53074
I
By The Daunt Family Trust
Common Stock
2023-05-26
4
M
0
1895
6.58
A
54.969
I
By The Daunt Family Trust
Common Stock
2023-05-26
4
S
0
1895
15.02
D
53074
I
By The Daunt Family Trust
Stock Option Grant
6.11
2023-05-25
4
M
0
4767
0.00
D
2028-12-04
Common Stock
14833
10066
D
Stock Option Grant
6.11
2028-12-04
Common Stock
10400
10400
D
Restricted Stock Unit Grant
2024-01-01
Common Stock
4075
4075
D
Stock Option Grant
6.58
2023-05-25
4
M
0
10458
0.00
D
2029-04-29
Common Stock
10458
0
D
Stock Option Grant
6.58
2023-05-26
4
M
0
4584
0.00
D
2019-04-29
Common Stock
11667
7083
D
Stock Option Grant
6.69
2029-12-03
Common Stock
38950
38950
D
Stock Option Grant
6.69
2023-05-25
4
M
0
5280
0.00
D
2029-12-03
Common Stock
21109
15829
D
Stock Option Grant
9.46
2030-12-01
Common Stock
29325
29325
D
Stock Option Grant
9.46
2023-05-25
4
M
0
61200
0.00
D
2030-12-01
Common Stock
61200
0
D
Restricted Stock Unit Grant
2025-01-01
Common Stock
5525
5525
D
Stock Option Grant
22.20
2031-12-07
Common Stock
7740
7740
D
Stock Option Grant
22.20
2031-12-07
Common Stock
7740
7740
D
Restricted Stock Unit Grant
2026-01-01
Common Stock
6540
6540
D
Restricted Stock Unit Grant
2026-01-01
Common Stock
8720
8720
D
Restricted Stock Unit Grant
2027-01-01
Common Stock
20710
20710
D
Restricted Stock Unit Grant
2026-01-01
Common Stock
20710
20710
D
Stock Option Grant
14.00
2032-12-23
Common Stock
16640
16640
D
Stock Option Grant
14.00
2032-12-23
Common Stock
16640
16640
D
The reporting person exercised 4,767 stock options; 2,705 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 2,062 shares were acquired by the reporting person.
The reporting person exercised 10,458 stock options; 6,153 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 4,305 shares were acquired by the reporting person.
The reporting person exercised 5,280 stock options; 3,133 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 2,147 shares were acquired by the reporting person.
The reporting person exercised 61,200 stock options; 43,892 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 17,308 shares were acquired by the reporting person.
The reporting person exercised 4,584 stock options; 2,689 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 1,895 shares were acquired by the reporting person.
Represents the exercise of stock options.
These options become exercisable, if at all, based on total shareholder return (TSR) milestones. TSR is calculated based on the change in 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.
15/48th of this option grant vested on January 1, 2020 and thereafter, an additional 1/48th vests each month for thirty-three months.
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, 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 May 1, 2020 and thereafter, 1/48th will vest each month for thirty-six months.
12/48th of this option grant vested on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months.
12/48th of this option grant vested on January 1, 2021 and thereafter, an additional 1/48th vests each month for thirty-six months.
This option becomes excercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
Twenty-five percent of this restricted stock unit grant vested 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.
12/48th of this option grant will vest on January 1, 2023 and thereafter, an additional 1/48th will vest each month for thirty-six months.
Twenty-five percent of this restricted stock unit grant will vest on January 1, 2023 and thereafter, an additional 1/4th will vest on each of January 1, 2024, January 1, 2025 and January 1,2026.
These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
Twenty-five percent of this restricted stock unit grant will vest on January 1, 2024, and thereafter 25% will vest on each of January 1, 2025, January 1, 2026 and January 1, 2027.
These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
12/48th of this option grant will vest on January 1, 2024 and thereafter, an additional 1/48th will vest each month for thirty-six months.
/s/ Mark A. Shaffer, by power of attorney
2023-05-26