LIQUIDITY SERVICES INC — Director's Dealing 2013

Aug 16, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LIQUIDITY SERVICES INC (LQDT)
CIK: 0001235468
Period of Report: 2013-08-15

Reporting Person: Roy G Cayce (Exec. VP/Pres. Asset Recovery)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-08-15	Common Stock	M	10000	$10.82	Acquired	12000	Direct
2013-08-15	Common Stock	S	10000	$32.55	Disposed	2000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-08-15	Employee Stock Option	$10.82	M	10000	Disposed	2018-07-30	Common Stock (32611)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Grant	$38.09	2022-10-01	Common Stock (3191)	3191	Direct
Employee Stock Grant	$38.09	2022-10-01	Common Stock (3191)	3191	Direct
Employee Stock Option	$38.09	2022-10-01	Common Stock (2127)	2127	Direct
Employee Stock Option	$38.09	2022-10-01	Common Stock (2127)	2127	Direct
Employee Stock Grant	$31.11	2021-10-01	Common Stock (3528)	3528	Direct
Employee Stock Option	$31.11	2021-10-01	Common Stock (7806)	7806	Direct
Employee Stock Grant	$15.47	2020-10-01	Common Stock (4350)	4350	Direct
Employee Stock Option	$15.47	2020-10-01	Common Stock (7856)	7856	Direct
Employee Stock Grant	$15.47	2020-10-01	Common Stock (13815)	13815	Direct
Restricted Stock Grant	$9.05	2019-10-01	Common Stock (2356)	2356	Direct
Employee Stock Option	$9.05	2019-10-01	Common Stock (3443)	3443	Direct
Employee Stock Option	$10.82	2018-07-30	Common Stock (300000)	300000	Direct

Footnotes

F1: Twenty-five percent of this restricted stock grant will vest on October 1, 2013 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years.

F2: These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.

F3: Twenty-five percent of this option grant will vest on October 1, 2013 and thereafter 1/48th of the option grant will vest each month for thirty-six months.

F4: This option becomes exercisable, 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, 2011 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years.

F8: 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.

F9: These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.

F10: Twenty-five percent of this restricted stock grant vested on October 1, 2010 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years.

F11: Twenty-five percent of this option grant vested on October 1, 2010 and thereafter 1/48th of the option grant will vest each month for thirty-six months.

F12: This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.

F13: This option became fully vested on August 25, 2012.