0001628280-17-003384.txt : 20170405
0001628280-17-003384.hdr.sgml : 20170405
20170405171022
ACCESSION NUMBER: 0001628280-17-003384
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170403
FILED AS OF DATE: 20170405
DATE AS OF CHANGE: 20170405
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: LIQUIDITY SERVICES INC
CENTRAL INDEX KEY: 0001235468
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389]
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0930
BUSINESS ADDRESS:
STREET 1: 1920 L STREET, N.W.
STREET 2: 6TH FLOOR
CITY: WASHINGTON
STATE: DC
ZIP: 20036
BUSINESS PHONE: 2024676868
MAIL ADDRESS:
STREET 1: 1920 L STREET, N.W.
STREET 2: 6TH FLOOR
CITY: WASHINGTON
STATE: DC
ZIP: 20036
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Sweeney Michael E
CENTRAL INDEX KEY: 0001668475
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-51813
FILM NUMBER: 17743422
MAIL ADDRESS:
STREET 1: C/O LIQUIDITY SERVICES, INC.
STREET 2: 1920 L STREET, N.W., 6TH FLOOR
CITY: WASHINGTON
STATE: DC
ZIP: 20036
4
1
wf-form4_149142660475034.xml
FORM 4
X0306
4
2017-04-03
0
0001235468
LIQUIDITY SERVICES INC
LQDT
0001668475
Sweeney Michael E
C/O LIQUIDITY SERVICES, INC.
1920 L STREET, N.W., 6TH FLOOR
WASHINGTON
DC
20036
0
1
0
0
VP & Chief Accounting Officer
Common Stock
2017-04-03
4
J
0
3500
7.61
A
3500
D
Common Stock
2017-04-03
4
S
0
3500
7.61
D
0
D
Employee Stock Grant
5.53
2017-04-03
4
J
0
3500
7.61
D
2026-04-01
Common Stock
14000.0
10500
D
Employee Stock Grant
9.75
2026-12-22
Common Stock
13400.0
13400
D
Employee Stock Grant
9.75
2026-12-22
Common Stock
6600.0
6600
D
Employee Stock Grant
10.3
2026-12-20
Common Stock
3950.0
3950
D
Employee Stock Grant
10.3
2026-12-20
Common Stock
3950.0
3950
D
Employee Stock Option
10.3
2026-12-20
Common Stock
2350.0
2350
D
Employee Stock Option
10.3
2026-12-20
Common Stock
2350.0
2350
D
Represents the vesting of restricted stock.
Represents reporting person's advance election to sell upon vesting such restricted shares.
Twenty-five percent of this restricted stock grant will vest on April 1, 2017 and thereafter 1/4 of the restricted stock grant will vest on April 1 of each year for three years.
Twenty-five percent of this restricted stock grant will vest on January 1, 2018 and thereafter 1/4 of the restricted stock grant will vest on January 1 of each year for three years.
These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
Twenty-five percent of this restricted stock grant will vest on January 1, 2018 and thereafter 1/4th of the restricted stock grant will vest on each of October 1, 2018, October 1, 2019 and October 1, 2020.
15/48th of this option grant will vest on January 1, 2018 and then 1/48th of the option grant will vest each month for thirty-three months.
This option becomes exercisable, if at all, based on the Issuer's achievment of certain financial milestones.
No non-derivative securities are beneficially owned.
/s/ Mark A. Shaffer, by power of attorney
2017-04-05