0001209191-23-059588.txt : 20231222
0001209191-23-059588.hdr.sgml : 20231222
20231222164248
ACCESSION NUMBER: 0001209191-23-059588
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20231222
FILED AS OF DATE: 20231222
DATE AS OF CHANGE: 20231222
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Murray Novelette
CENTRAL INDEX KEY: 0001825422
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-51813
FILM NUMBER: 231510443
MAIL ADDRESS:
STREET 1: 6931 ARLINGTON ROAD 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]
ORGANIZATION NAME: 07 Trade & Services
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
X0508
4
2023-12-22
0
0001235468
LIQUIDITY SERVICES INC
LQDT
0001825422
Murray Novelette
6931 ARLINGTON ROAD SUITE 200
BETHESDA
MD
20814
0
1
0
0
Chief Human Resources Officer
0
Common Stock
43173
D
Restricted Stock Unit Grant
2024-01-01
Common Stock
462
462
D
Restricted Stock Unit Grant
2025-01-01
Common Stock
2950
2950
D
Restricted Stock Unit Grant
2024-10-01
Common Stock
10000
10000
D
Restricted Stock Unit Grant
2026-01-01
Common Stock
5235
5235
D
Restricted Stock Unit Grant
2027-01-01
Common Stock
10355
10355
D
Restricted Stock Unit Grant
2026-01-01
Common Stock
6980
6980
D
Restricted Stock Unit Grant
2026-01-01
Common Stock
10355
10355
D
Restricted Stock Unit Grant
2028-01-01
Common Stock
10710
10710
D
Restricted Stock Unit Grant
2027-01-01
Common Stock
10710
10710
D
Stock Option Grant
10.30
2027-02-02
Common Stock
1054
1054
D
Stock Option Grant
9.46
2030-12-01
Common Stock
16943
16943
D
Stock Option Grant
22.20
2031-12-07
Common Stock
6190
6190
D
Stock Option Grant
14.00
2032-12-23
Common Stock
8320
8320
D
Stock Option Grant
10.30
2027-02-02
Common Stock
1850
1850
D
Stock Option Grant
6.11
2028-12-04
Common Stock
1344
1344
D
Stock Option Grant
6.69
2029-12-03
Common Stock
2538
2538
D
Stock Option Grant
9.46
2030-12-01
Common Stock
28296
28296
D
Stock Option Grant
22.20
2031-12-07
Common Stock
6190
6190
D
Stock Option Grant
14.00
2032-12-23
Common Stock
8320
8320
D
Stock Option Grant
17.31
2023-12-22
4
A
0
8660
0.00
A
2033-12-22
Common Stock
8660
8660
D
Stock Option Grant
17.31
2023-12-22
4
A
0
8660
0.00
A
2033-12-22
Common Stock
8660
8660
D
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.
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.
Twenty-five percent of this restricted stock unit grant vested on October 1, 2021 and thereafter, an additional 1/4th will vest on each of October 1, 2022, October 1, 2023, and October 1, 2024.
Twenty-five percent of this restricted stock unit grant vested 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.
Twenty-five percent of this restricted stock unit grant will vest on January 1, 2024 and thereafter, an additional 1/4th will vest on each of January 1, 2025, January 1, 2026 and January 1, 2027.
These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
Twenty-five percent of this restricted stock unit grant will vest on January 1, 2025 and thereafter, an additional 1/4th will vest on each of January 1, 2026, January 1, 2027 and January 1, 2028.
These options become exercisable, if at all, based on the completion of the Issuer's strategic transformation as well as the Issuer's achievement of certain financial milestones.
This option becomes excercisable, 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, 2023 and thereafter, an additional 1/48th will vest each month for thirty-six months.
These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
15/48th of this option grant vested on January 1, 2018 and thereafter, an additional 1/48th vests each month for thirty-three months.
12/48th of this option grant vested on January 1, 2020 and thereafter an additional 1/48th vests each month for thirty-six months.
12/48th of this option grant vested on January 1, 2021 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.
This option becomes exercisable, 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, 2024 and thereafter, an additional 1/48th will vest each month for thirty-six months.
12/48th of this option grant will vest on January 1, 2025 and thereafter, an additional 1/48th will vest each month for thirty-six months.
/s/ Mark. A Shaffer, by power of attorney
2023-12-22