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