0001628280-17-009697.txt : 20171004 0001628280-17-009697.hdr.sgml : 20171004 20171004170233 ACCESSION NUMBER: 0001628280-17-009697 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20171002 FILED AS OF DATE: 20171004 DATE AS OF CHANGE: 20171004 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Rallo James M CENTRAL INDEX KEY: 0001352659 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-51813 FILM NUMBER: 171122328 MAIL ADDRESS: STREET 1: C/O LIQUIDITY SERVICES INC. STREET 2: 1920 L STREET, N.W., 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: 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 4 1 wf-form4_150715093898866.xml FORM 4 X0306 4 2017-10-02 0 0001235468 LIQUIDITY SERVICES INC LQDT 0001352659 Rallo James M C/O LIQUIDITY SERVICES, INC. 6931 ARLINGTON ROAD, SUITE 200 BETHESDA MD 20814 0 1 0 0 President RSCG and CAG Common Stock 2017-10-02 4 J 0 15270 5.80 A 15270 D Common Stock 2017-10-02 4 S 0 13449 5.80 D 1821 D Common Stock 2017-10-03 4 S 0 1821 5.80 D 0 D Common Stock 15039 I By James M. Rallo 401k Common Stock 8000 I By James M. Rallo IRA Common Stock 685 I By James M. Rallo Cust. Michael Rallo MD UTMA Common Stock 460 I By James M. Rallo Cust. Melissa Rallo MD UTMA Employee Stock Option 7.48 2018-10-01 Common Stock 2338.0 2338 D Employee Stock Option 15.47 2020-10-01 Common Stock 6678.0 6678 D Employee Stock Grant 15.47 2020-10-01 Common Stock 5527.0 5527 D Employee Stock Option 31.37 2021-10-01 Common Stock 12358.0 12358 D Employee Stock Option 38.09 2022-10-01 Common Stock 3335.0 3335 D Employee Stock Option 29.47 2023-07-18 Common Stock 24871.0 24871 D Employee Stock Grant 21.99 2017-10-02 4 J 0 1173 5.80 D 2023-10-01 Common Stock 1173.0 0 D Employee Stock Option 21.99 2023-10-01 Common Stock 9938.0 9938 D Employee Stock Grant 13.57 2024-05-14 Common Stock 11054.0 11054 D Employee Stock Grant 10.41 2017-10-02 4 J 0 7717 5.80 D 2024-10-01 Common Stock 23150.0 15433 D Employee Stock Option 10.41 2024-10-01 Common Stock 12675.0 12675 D Employee Stock Grant 6.63 2017-10-02 4 J 0 6380 5.80 D 2025-10-01 Common Stock 19140.0 12760 D Employee Stock Grant 5.8 2025-10-01 Common Stock 6380.0 6380 D Employee Stock Option 6.63 2025-10-01 Common Stock 13987.0 13987 D Employee Stock Option 6.63 2025-10-01 Common Stock 3497.0 3497 D Employee Stock Grant 8.3 2026-10-01 Common Stock 7850.0 7850 D Employee Stock Grant 8.3 2026-10-01 Common Stock 7850.0 7850 D Employee Stock Option 8.3 2026-10-01 Common Stock 4650.0 4650 D Employee Stock Option 8.3 2026-10-01 Common Stock 4650.0 4650 D Represents the vesting of restricted stock. Represents reporting person's advance election to sell upon vesting such restricted shares. The number of securities shown as being held in Issuer's 401(k) account for the Reporting Person's benefit is the approximate number of shares of common stock. De minimis fractional interests reported by the Issuer's 401(k) Plan trustee/administrator and held indirectly through the Plan's stock purchase account are not reflected. Mr. Rallo disclaims beneficial ownership of these shares. These options became fully vested on October 1, 2013. These options became fully vested on October 1, 2014. These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones. These options became fully vested on October 1, 2015. These options became fully vested on October 1, 2016. Twenty-five percent of this option grant vested on July 18, 2014 and thereafter 1/48th of the option grant will vest each month for thirty-six months. Twenty-five percent of this restricted stock grant vested on October 1, 2014 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years. These options became fully vested on October 1, 2017. Fifty percent of this restricted stock grant vested on November 1, 2015 and thereafter 1/4th of the restricted stock grant will vest on November 1 of each year for two years. Twenty-five percent of this restricted stock grant vested on October 1, 2015 and thereafter 1/8th of the restricted stock grant will vest on April 1 and October 1 of each year for three years. Twenty-five percent of this option grant vested on October 1, 2015 and thereafter 1/48th of the option grant will vest each month for thirty-six months. Twenty-five percent of this restricted stock grant vested on October 1, 2016 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years. Twenty-five percent of this option grant vested on October 1, 2016 and thereafter 1/48th of the option grant will vest each month for thirty-six months. This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones. Twenty-five percent of this restricted stock grant will vest on April 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. 18/48th of this option grant will vest on April 1, 2018 and thereafter 1/48th of this option grant will vest each month for thirty months. /s/ Mark A. Shaffer, by power of attorney 2017-10-04