0001235468-23-000010.txt : 20230104
0001235468-23-000010.hdr.sgml : 20230104
20230104182418
ACCESSION NUMBER: 0001235468-23-000010
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230103
FILED AS OF DATE: 20230104
DATE AS OF CHANGE: 20230104
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: 23508814
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_167287463947789.xml
FORM 4
X0306
4
2023-01-03
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
2023-01-03
4
M
0
949
0
A
44257
D
Common Stock
2023-01-03
4
M
0
3644
0
A
47901
D
Common Stock
2023-01-03
4
M
0
1600
0
A
49501
D
Common Stock
2023-01-03
4
M
0
1402
0
A
50903
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 Grant
2023-01-03
4
M
0
1475
0
D
2023-01-01
Common Stock
1475.0
0
D
Employee Stock Option
6.11
2028-12-04
Common Stock
3802.0
3802
D
Employee Stock Option
6.69
2029-12-03
Common Stock
29387.0
29387
D
Employee Stock Grant
2023-01-03
4
M
0
5663
0
D
2024-01-01
Common Stock
5663.0
5662
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
2023-01-03
4
M
0
2487
0
D
2025-01-01
Common Stock
2487.0
4975
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
2023-01-03
4
M
0
2180
0
D
2026-01-01
Common Stock
2180.0
6540
D
Employee Stock Grant
2026-01-01
Common Stock
8720.0
8720
D
Employee Stock Option
14.0
2032-12-23
Common Stock
16640.0
16640
D
Employee Stock Option
14.0
2032-12-23
Common Stock
16640.0
16640
D
Employee Stock Grant
2026-01-01
Common Stock
20710.0
20710
D
Employee Stock Grant
2027-01-01
Common Stock
20710.0
20710
D
Represents the net issuance of 949 shares from the vesting of 1,475 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 526 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 3,644 shares from the vesting of 5,663 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 2,019 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 1,600 shares from the vesting of 2,487 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 887 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 1,402 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 778 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.
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.
Represents the vesting of restricted stock units.
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 vested 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 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.
These options were granted on December 23, 2022 and become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
These options were granted on December 23, 2022. 12/48th will vest on January 1, 2024 and thereafter, an additional 1/48th will vest each month for thirty-six months
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.
/s/ Mark A. Shaffer, by power of attorney
2023-01-04