LIQUIDITY SERVICES INC — Director's Dealing 2013

Mar 22, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LIQUIDITY SERVICES INC (LQDT)
CIK: 0001235468
Period of Report: 2013-03-20

Reporting Person: Rallo James M (CFO, Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-03-20	Common Stock	S	1027	$29.50	Disposed	2466	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option	$7.48	2018-10-01	Common Stock (27868)	27868	Direct
Employee Stock Grant	$15.47	2020-10-01	Common Stock (8343)	8343	Direct
Employee Stock Option	$15.47	2020-10-01	Common Stock (12842)	12842	Direct
Employee Stock Grant	$15.47	2020-10-01	Common Stock (5526)	5526	Direct
Employee Stock Grant	$31.11	2021-10-01	Common Stock (5585)	5585	Direct
Employee Stock Option	$31.11	2021-10-01	Common Stock (12358)	12358	Direct
Employee Stock Grant	$38.09	2022-10-01	Common Stock (5003)	5003	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

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 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.

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 will vest 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.