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