0001209191-24-000914.txt : 20240104 0001209191-24-000914.hdr.sgml : 20240104 20240104191853 ACCESSION NUMBER: 0001209191-24-000914 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240102 FILED AS OF DATE: 20240104 DATE AS OF CHANGE: 20240104 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Celaya Jorge CENTRAL INDEX KEY: 0001406206 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-51813 FILM NUMBER: 24513990 MAIL ADDRESS: STREET 1: 1920 L STREET NW STREET 2: 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] 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 2024-01-02 0 0001235468 LIQUIDITY SERVICES INC LQDT 0001406206 Celaya Jorge 6931 ARLINGTON ROAD SUITE 200 BETHESDA MD 20814 0 1 0 0 CFO 0 Common Stock 2024-01-02 4 M 0 2765 0.00 A 47180 D Common Stock 2024-01-02 4 M 0 1215 0.00 A 48395 D Common Stock 2024-01-02 4 M 0 1064 0.00 A 49459 D Common Stock 2024-01-02 4 M 0 2529 0.00 A 51988 D Stock Option Grant 6.11 2028-12-04 Common Stock 3802 3802 D Stock Option Grant 6.69 2029-12-03 Common Stock 29387 29387 D Stock Option Grant 9.46 2030-12-01 Common Stock 55050 55050 D Stock Option Grant 9.46 2030-12-01 Common Stock 55050 55050 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 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 2024-01-02 4 M 0 2488 0.00 D 2025-01-01 Common Stock 4975 2487 D Restricted Stock Unit Grant 2026-01-01 Common Stock 20710 20710 D Restricted Stock Unit Grant 2024-01-02 4 M 0 5178 0.00 D 2027-01-01 Common Stock 20710 15532 D Restricted Stock Unit Grant 2026-01-01 Common Stock 6540 6540 D Restricted Stock Unit Grant 2024-01-02 4 M 0 2180 0.00 D 2026-01-01 Common Stock 8720 6540 D Restricted Stock Unit Grant 2024-01-02 4 M 0 5662 0.00 D 2024-01-01 Common Stock 5662 0 D Restricted Stock Unit Grant 2028-01-01 Common Stock 26775 26775 D Restricted Stock Unit Grant 2027-01-01 Common Stock 26775 26775 D Stock Option Grant 17.31 2033-12-22 Common Stock 21640 21640 D Stock Option Grant 17.31 2033-12-22 Common Stock 21640 21640 D Represents the net issuance of 2,765 shares from the vesting of 5,662 restricted stock units from which the federal and state withholding due at the vesting of such restricted stock units was satisfied by the issuer withholding 2,897 shares. The reporting person relinquished the shares and the issuer cancelled the shares and returned them to treasury in exchange for remitting federal and state tax withholding obligations of the reporting person resulting from the vesting of restricted stock units. Shares withheld represent an exempt transaction pursuant to Section 16b-3(e). No shares were sold by the reporting person. Represents the net issuance of 1,215 shares from the vesting of 2,488 restricted stock units from which the federal and state withholding due at the vesting of such restricted stock units was satisfied by the issuer withholding 1,273 shares. The reporting person relinquished the shares and the issuer cancelled the shares and returned them to treasury in exchange for remitting federal and state tax withholding obligations of the reporting person resulting from the vesting of restricted stock units. Shares withheld represent an exempt transaction pursuant to Section 16b-3(e). No shares were sold by the reporting person. Represents the net issuance of 1,064 shares from the vesting of 2,180 restricted stock units from which the federal and state withholding due at the vesting of such restricted stock units was satisfied by the issuer withholding 1,116 shares. The reporting person relinquished the shares and the issuer cancelled the shares and returned them to treasury in exchange for remitting federal and state tax withholding obligations of the reporting person resulting from the vesting of restricted stock units. Shares withheld represent an exempt transaction pursuant to Section 16b-3(e). No shares were sold by the reporting person. Represents the net issuance of 2,529 shares from the vesting of 5,178 restricted stock units from which the federal and state withholding due at the vesting of such restricted stock units was satisfied by the issuer withholding 2,649 shares. The reporting person relinquished the shares and the issuer cancelled the shares and returned them to treasury in exchange for remitting federal and state tax withholding obligations of the reporting person resulting from the vesting of restricted stock units. Shares withheld represent an exempt transaction pursuant to Section 16b-3(e). No shares were sold by the reporting person. 15/48th of this option grant vested on January 1, 2020 and thereafter, an additional 1/48th vests each month for thirty-three 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. 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. This option becomes exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones. These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones. 12/48th 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 vested on January 1, 2023 and thereafter, an additional 1/48th will vest each month for thirty-six months. Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock. Represents the vesting of restricted stock units. 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. These restricted stock units were granted on December 23, 2022 and will vest, if at all, based on the Issuer's achievement of certain financial milestones. These restricted stock units were granted on December 23, 2022. Twenty-five percent will vest on January 1, 2024, and thereafter 25% will vest on each of January 1, 2025, January 1, 2026 and January 1, 2027. 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. 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 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 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. 12/48th 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 2024-01-04