0001628280-18-014976.txt : 20181210 0001628280-18-014976.hdr.sgml : 20181210 20181210171809 ACCESSION NUMBER: 0001628280-18-014976 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20181207 FILED AS OF DATE: 20181210 DATE AS OF CHANGE: 20181210 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Gravley Roger CENTRAL INDEX KEY: 0001713687 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-51813 FILM NUMBER: 181227042 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: 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_154448027166545.xml FORM 4 X0306 4 2018-12-07 0 0001235468 LIQUIDITY SERVICES INC LQDT 0001713687 Gravley Roger C/O LIQUIDITY SERVICES, INC. 6931 ARLINGTON ROAD, SUITE 200 BETHESDA MD 20814 0 1 0 0 President, GovDeals & CIO Common Stock 2018-12-07 4 J 0 3910 6.99 A 3910 D Common Stock 2018-12-07 4 F 0 1092 6.99 D 2818 D Employee Stock Option 9.05 2019-10-01 Common Stock 1801.0 1801 D Employee Stock Grant 15.47 2020-10-01 Common Stock 1106.0 1106 D Employee Stock Option 15.47 2020-10-01 Common Stock 2292.0 2292 D Employee Stock Option 31.37 2021-10-01 Common Stock 2857.0 2857 D Employee Stock Option 21.99 2023-10-01 Common Stock 3519.0 3519 D Employee Stock Grant 21.99 2023-11-27 Common Stock 499.0 499 D Employee Stock Option 21.99 2023-11-27 Common Stock 3519.0 3519 D Employee Stock Option 10.41 2024-10-01 Common Stock 7338.0 7338 D Employee Stock Option 6.63 2025-10-01 Common Stock 11430.0 11430 D Employee Stock Grant 6.63 2025-10-01 Common Stock 5213.0 5213 D Employee Stock Option 6.63 2025-10-01 Common Stock 2858.0 2858 D Employee Stock Grant 6.63 2018-12-07 4 J 0 3910 6.99 D 2025-10-01 Common Stock 5213.0 1303 D Employee Stock Grant 8.3 2026-10-01 Common Stock 4125.0 4125 D Employee Stock Option 8.3 2026-10-01 Common Stock 4900.0 4900 D Employee Stock Grant 8.3 2026-10-01 Common Stock 8250.0 8250 D Employee Stock Option 8.3 2026-10-01 Common Stock 4900.0 4900 D Employee Stock Option 4.47 2027-10-01 Common Stock 29760.0 29760 D Employee Stock Grant 4.47 2027-10-01 Common Stock 3060.0 3060 D Employee Stock Option 4.47 2027-10-01 Common Stock 19840.0 19840 D Employee Stock Grant 4.47 2027-10-01 Common Stock 2040.0 2040 D Employee Stock Grant 6.11 2028-10-01 Common Stock 6150.0 6150 D Employee Stock Option 6.11 2028-10-01 Common Stock 37850.0 37850 D Employee Stock Grant 6.11 2028-10-01 Common Stock 12300.0 12300 D Employee Stock Option 6.11 2028-10-01 Common Stock 37850.0 37850 D Represents the vesting of restricted stock. Represents an advance election by the insider to satisfy tax withholding obligations related to vesting of restricted shares by authorizing the issuer to sell a number of shares with an aggregate fair market value that would satisfy the withholding amount due. These options became fully vested on October 1, 2013. These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones. These options became fully vested on October 1, 2014. These options became fully vested on October 1, 2015. These options became fully vested on October 1, 2017. This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones. 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 option grant vested on October 1, 2016 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. 75% of the options were certified as vested on December 6, 2018. The remaining options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones. Twenty-five percent of this restricted stock grant vested 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 vested on April 1, 2018 and thereafter 1/48th of the option grant will vest each month for thirty months. This option becomes exercisable, if at all, based on total shareholder return (TSR) milestones. TSR is calculated based on the change in a the issuer's stock price during the performance period, taking into account any dividends paid during that period, which are assumed to be reinvested in the stock. These restricted stock units vest, if at all, based on total shareholder return (TSR) milestones. TSR is calculated based on the change in a the issuer's stock price during the performance period, taking into account any dividends paid during that period, which are assumed to be reinvested in the stock. 15/48th of this option grant will vest on January 1, 2019 and thereafter 1/48th of the option grant will vest each month for thirty three months. Twenty-five percent of this restricted stock grant will vest on January 1, 2019 and thereafter 1/4th of the restricted stock grant will vest on each October 1, 2019, October 1, 2020, and October 1, 2021. Twenty-five percent of this restricted stock grant will vest on January 1, 2020 and thereafter 1/4th of the restricted stock grant will vest on each October 1, 2020, October 1, 2021, and October 1, 2022. 15/48th of this option grant will vest on January 1, 2020 and thereafter 1/48th of the option grant will vest each month for thirty three months. Mark A. Shaffer 2018-12-10