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LIQUIDITY SERVICES INC — Director's Dealing 2010
Mar 17, 2010
32353_dirs_2010-03-17_4fc4f61c-7893-4914-a506-7b1a343c9235.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: LIQUIDITY SERVICES INC (LQDT)
CIK: 0001235468
Period of Report: 2010-03-15
Reporting Person: Williams James Edwin (VP, Gen. Counsel & Secretary)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-03-15 | Common Stock | M | 6000 | — | Acquired | 6700 | Direct |
| 2010-03-15 | Common Stock | S | 1589 | $12.52 | Disposed | 5111 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-03-15 | Restricted Share Grant | $9.05 | M | 6000 | Disposed | 2019-10-01 | Common Stock (6000) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option | $12.89 | 2016-03-30 | Common Stock (30000) | 30000 | Direct |
| Employee Stock Option | $10.93 | 2017-10-01 | Common Stock (30000) | 30000 | Direct |
| Employee Stock Option | $7.48 | 2018-10-01 | Common Stock (27000) | 27000 | Direct |
| Restricted Stock Grant | $9.05 | 2019-10-01 | Common Stock (7778) | 7778 | Direct |
| Employee Stock Option | $9.05 | 2019-10-01 | Common Stock (24336) | 24336 | Direct |
Footnotes
F1: These restricted shares fully vested on March 15, 2010, based on the Issuer's achievement of certain financial milestones. The transactions in this Form 4 represent the portion of these shares sold.
F2: One-quarter of this option grant vested on March 30, 2007, with the remaining options vesting at 2.083% per month on the first day of each month for the next 36 months.
F3: One-quarter of this option grant vested on October 1, 2008, with the remaining options vesting at 2.083% per month on the first day of each month for the next 36 months.
F4: Twenty-five percent of this option grant vested on October 1, 2009 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
F5: Twenty-five percent of this restricted stock grant will vest on October 1, 2010 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years.
F6: Twenty-five percent of this option grant will vest on October 1, 2010 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
F7: These restricted shares fully vested on March 15, 2010, based on the Issuer's achievement of certain financial milestones.