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LIQUIDITY SERVICES INC — Director's Dealing 2013
Dec 11, 2013
32353_dirs_2013-12-11_d4b8bb8c-b99c-468f-b550-57f6ca89c56f.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: 2013-11-27
Reporting Person: Casusol Segundo Leoncio (Chief Information Officer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-11-27 | Employee Stock Grant | $21.99 | A | 3729 | Acquired | 2023-10-01 | Common Stock (3729) | Direct |
| 2013-11-27 | Employee Stock Grant | $21.99 | A | 3729 | Acquired | 2023-10-01 | Common Stock (3729) | Direct |
| 2013-11-27 | Employee Stock Option | $21.99 | A | 7900 | Acquired | 2023-10-01 | Common Stock (7900) | Direct |
| 2013-11-27 | Employee Stock Option | $21.99 | A | 7899 | Acquired | 2023-10-01 | Common Stock (7899) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 7500 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Grant | $41.13 | 2023-01-01 | Common Stock (49113) | 49113 | Direct |
| Employee Stock Grant | $41.13 | 2023-10-01 | Common Stock (49113) | 49113 | Direct |
Footnotes
F1: Mr. Casusol acquired 7,500 shares of Common Stock prior to his employment with the Issuer as part of his personal investment portfolio.
F2: Twenty-five percent of this restricted stock grant will vest on October 1, 2014 and thereafter 1/4th of the restricted stock grant will vest on October 1 of each year for three years.
F3: These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
F4: Twenty-five percent of this option grant will vest on October 1, 2014 and thereafter 1/48th of the option grant will vest each month for thirty-six months.
F5: This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
F6: Twenty-five percent of this restricted stock grant will vest on January 1, 2014 and thereafter 1/4th of the restricted stock grant will vest on January 1 of each year for three years.
F7: These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.