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