LIQUIDITY SERVICES INC — Director's Dealing 2013

Oct 25, 2013

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: LIQUIDITY SERVICES INC (LQDT)
CIK: 0001235468
Period of Report: 2013-09-30

Reporting Person: Rallo James M (CFO, Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-02-20	Common Stock	G	725	—	Disposed	595	Direct
2013-03-22	Common Stock	G	525	—	Disposed	70	Direct
2013-05-23	Common Stock	G	35	—	Disposed	35	Direct
2013-05-28	Common Stock	G	35	—	Disposed	0	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option	$7.48	2018-10-01	Common Stock (2338)	2338	Direct
Employee Stock Grant	$15.47	2020-10-01	Common Stock (4172)	4172	Direct
Employee Stock Option	$15.47	2020-10-01	Common Stock (6678)	6678	Direct
Employee Stock Grant	$15.47	2020-10-01	Common Stock (5527)	5527	Direct
Employee Stock Grant	$31.11	2021-10-01	Common Stock (3723)	3723	Direct
Employee Stock Option	$31.11	2021-10-01	Common Stock (12358)	12358	Direct
Employee Stock Grant	$38.09	2022-10-01	Common Stock (3753)	3753	Direct
Employee Stock Grant	$38.09	2022-10-01	Common Stock (5003)	5003	Direct
Employee Stock Option	$38.09	2022-10-01	Common Stock (3335)	3335	Direct
Employee Stock Option	$38.09	2022-10-01	Common Stock (3335)	3335	Direct
Employee Stock Grant	$29.47	2023-07-18	Common Stock (12216)	12216	Direct
Employee Stock Grant	$29.47	2023-07-18	Common Stock (28503)	28503	Direct
Employee Stock Option	$29.47	2023-07-18	Common Stock (24871)	24871	Direct
Employee Stock Option	$29.47	2023-07-18	Common Stock (58031)	58031	Direct

Footnotes

F1: Twenty percent of this option grant vested on October 1, 2009 and thereafter 1/60th of the option grant will vest each month for forty-eight months.

F2: Twenty-five percent of this restricted stock grant vested on October 1, 2011 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years.

F3: Twenty-five percent of this option grant vested on October 1, 2011 and thereafter 1/48th of the option grant will vest each month for thirty-six months.

F4: These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.

F5: Twenty-five percent of this restricted stock grant vested on October 1, 2012 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 vested on October 1, 2012 and thereafter 1/48th of the option grant will vest each month for thirty-six months.

F7: Twenty-five percent of this restricted stock grant vested on October 1, 2013 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years.

F8: These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.

F9: Twenty-five percent of this option grant vested on October 1, 2013 and thereafter 1/48th of the option grant will vest each month for thirty-six months.

F10: This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.

F11: Twenty-five percent of this restricted stock grant will vest on July 1, 2014 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years.

F12: These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.

F13: Twenty-five percent of this option grant will vest on July 18, 2014 and thereafter 1/48th of the option grant will vest each month for thirty-six months.

F14: This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.