0001235468-22-000117.txt : 20220818
0001235468-22-000117.hdr.sgml : 20220818
20220818201526
ACCESSION NUMBER: 0001235468-22-000117
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220816
FILED AS OF DATE: 20220818
DATE AS OF CHANGE: 20220818
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Celaya Jorge
CENTRAL INDEX KEY: 0001406206
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-51813
FILM NUMBER: 221178682
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]
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_166086810930633.xml
FORM 4
X0306
4
2022-08-16
0
0001235468
LIQUIDITY SERVICES INC
LQDT
0001406206
Celaya Jorge
C/O LIQUIDITY SERVICES, INC.
6931 ARLINGTON ROAD, SUITE 200
BETHESDA
MD
20814
0
1
0
0
Chief Financial Officer
Common Stock
2022-08-16
4
M
0
2112
4.47
A
44204
D
Common Stock
2022-08-16
4
M
0
11406
6.11
A
55610
D
Common Stock
2022-08-16
4
M
0
6613
6.69
A
62223
D
Common Stock
2022-08-16
4
F
0
6235
19.79
D
55988
D
Common Stock
2022-08-16
4
S
0
5080
20.06
D
50908
D
Employee Stock Grant
2026-10-01
Common Stock
2085.0
2085
D
Employee Stock Option
8.3
2027-03-03
Common Stock
2473.0
2473
D
Employee Stock Option
4.47
2022-08-16
4
M
0
2112
0
D
2017-12-11
Common Stock
2112.0
0
D
Employee Stock Grant
2023-01-01
Common Stock
1475.0
1475
D
Employee Stock Option
6.11
2022-08-16
4
M
0
11406
0
D
2028-12-04
Common Stock
11406.0
3802
D
Employee Stock Option
6.69
2022-08-16
4
M
0
6613
0
D
2029-12-03
Common Stock
6613.0
29387
D
Employee Stock Grant
2024-01-01
Common Stock
11325.0
11325
D
Employee Stock Option
9.46
2030-12-01
Common Stock
55050.0
55050
D
Employee Stock Option
9.46
2030-12-01
Common Stock
55050.0
55050
D
Employee Stock Grant
2025-01-01
Common Stock
7462.0
7462
D
Employee Stock Option
22.2
2031-12-07
Common Stock
7740.0
7740
D
Employee Stock Option
22.2
2031-12-07
Common Stock
7740.0
7740
D
Employee Stock Grant
2026-01-01
Common Stock
8720.0
8720
D
Employee Stock Grant
2026-01-01
Common Stock
8720.0
8720
D
This transaction reflects an exercise of 2,112 options (the "2017 Options") granted under the Liquidity Services, Inc. Third Amended and Restated 2006 Omnibus Long-Term Incentive Plan (as amended, the "Plan") and that certain Stock Option Agreement, dated December 11, 2017, by and between the issuer and the reporting person.
This transaction reflects an exercise of 11,406 options (the "2018 Options") granted under the Plan and that certain Stock Option Agreement, dated December 4, 2018, by and between the issuer and the reporting person.
This transaction reflects an exercise of 6,613 options (the "2019 Options") granted under the Plan and that certain Stock Option Agreement, dated December 3, 2019, by and between the issuer and the reporting person.
The reporting person surrendered 6,235 shares with a market value of $123,390.65 to the issuer to pay the cost of the 2017 Options, the 2018 Options and the 2019 Options.
Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
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.
15/48th of this option grant vested on January 1, 2019 and thereafter, an additional 1/48th vests each month for thirty-three months.
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.
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.
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.
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.
/s/ Mark A. Shaffer, by power of attorney
2022-08-18