LIQUIDITY SERVICES INC — Director's Dealing 2013

Jun 3, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LIQUIDITY SERVICES INC (LQDT)
CIK: 0001235468
Period of Report: 2013-05-30

Reporting Person: Williams James Edwin (VP, Gen. Counsel & Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-05-30	Common Stock	M	2813	$7.48	Acquired	3513	Direct
2013-05-30	Common Stock	M	5070	$9.05	Acquired	8583	Direct
2013-05-30	Common Stock	M	2081	$15.47	Acquired	10664	Direct
2013-05-30	Common Stock	S	9964	$40.00	Disposed	700	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-05-30	Employee Stock Option	$7.48	M	2813	Disposed	2018-10-01	Common Stock (2813)	Direct
2013-05-30	Employee Stock Option	$9.05	M	5070	Disposed	2019-10-01	Common Stock (8620)	Direct
2013-05-30	Employee Stock Option	$15.47	M	2081	Disposed	2020-10-01	Common Stock (6035)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Grant	$9.05	2019-10-01	Common Stock (1945)	1945	Direct
Employee Stock Grant	$15.47	2020-10-01	Common Stock (3380)	3380	Direct
Employee Stock Grant	$15.47	2020-10-01	Common Stock (2764)	2764	Direct
Employee Stock Grant	$31.11	2021-10-01	Common Stock (2689)	2689	Direct
Employee Stock Option	$31.11	2021-10-01	Common Stock (5950)	5950	Direct
Employee Stock Grant	$38.09	2022-10-01	Common Stock (2753)	2753	Direct
Employee Stock Grant	$38.09	2022-10-01	Common Stock (2753)	2753	Direct
Employee Stock Option	$38.09	2022-10-01	Common Stock (1835)	1835	Direct
Employee Stock Option	$38.09	2022-10-01	Common Stock (1835)	1835	Direct

Footnotes

F1: The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 12, 2013.

F2: These options became fully vested on October 1, 2012.

F3: 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.

F4: 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.

F5: 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.

F6: 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.

F7: These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.

F8: 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.

F9: 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.

F10: 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.

F11: These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.

F12: 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.

F13: This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.