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