0001209191-24-000916.txt : 20240104
0001209191-24-000916.hdr.sgml : 20240104
20240104192024
ACCESSION NUMBER: 0001209191-24-000916
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: Shaffer Mark A
CENTRAL INDEX KEY: 0001677053
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-51813
FILM NUMBER: 24513994
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]
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
0001677053
Shaffer Mark A
6931 ARLINGTON ROAD SUITE 200
BETHESDA
MD
20814
0
1
0
0
CLO & Corp Sec
0
Common Stock
2024-01-02
4
M
0
2083
0.00
A
34256
I
By The Mark A. Shaffer Revocable Trust
Common Stock
2024-01-02
4
M
0
1301
0.00
A
35557
I
By The Mark A. Shaffer Revocable Trust
Common Stock
2024-01-02
4
M
0
1483
0.00
A
37040
I
By The Mark A. Shaffer Revocable Trust
Common Stock
2024-01-02
4
M
0
2202
0.00
A
39242
I
By The Mark A. Shaffer Revocable Trust
Stock Option Grant
6.11
2028-12-04
Common Stock
3245
3245
D
Stock Option Grant
6.69
2029-12-03
Common Stock
10342
10342
D
Restricted Stock Unit Grant
2024-01-02
4
M
0
3062
0.00
D
2024-01-01
Common Stock
3062
0
D
Stock Option Grant
9.46
2030-12-01
Common Stock
25617
25617
D
Restricted Stock Unit Grant
2024-01-02
4
M
0
1913
0.00
D
2025-01-01
Common Stock
3825
1912
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
2180
0.00
D
2026-01-01
Common Stock
8720
6540
D
Restricted Stock Unit Grant
2026-01-01
Common Stock
6540
6540
D
Stock Option Grant
14.00
2032-12-23
Common Stock
10405
10405
D
Stock Option Grant
14.00
2032-12-23
Common Stock
10405
10405
D
Restricted Stock Unit Grant
2024-01-02
4
M
0
3238
0.00
D
2027-01-01
Common Stock
12950
9712
D
Restricted Stock Unit Grant
2026-01-01
Common Stock
12950
12950
D
Restricted Stock Unit Grant
2027-01-01
Common Stock
14630
14630
D
Restricted Stock Unit Grant
2028-01-01
Common Stock
14630
14630
D
Stock Option Grant
17.31
2033-12-22
Common Stock
11825
11825
D
Stock Option Grant
17.31
2033-12-22
Common Stock
11825
11825
D
Represents the net issuance of 2,083 shares from the vesting of 3,062 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 979 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 1,301 shares from the vesting of 1,913 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 612 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 1,483 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 697 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 2,202 shares from the vesting of 3,238 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 1,036 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.
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, 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, 2022 and thereafter, an additional 1/48th will vest each month for thirty-six months.
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 options become exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
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.
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, 2023 and thereafter, an additional 1/4th will vest on each of January 1, 2024, January 1, 2025 and January 1, 2026.
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.
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.
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 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
2024-01-04