LIQUIDITY SERVICES INC — Director's Dealing 2013

Dec 11, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LIQUIDITY SERVICES INC (LQDT)
CIK: 0001235468
Period of Report: 2013-11-27

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-11-27	Employee Stock Grant	$21.99	A	3770	Acquired	2023-10-01	Common Stock (3770)	Direct
2013-11-27	Employee Stock Grant	$21.99	A	3769	Acquired	2023-10-01	Common Stock (3769)	Direct
2013-11-27	Employee Stock Option	$21.99	A	7985	Acquired	2023-10-01	Common Stock (7985)	Direct
2013-11-27	Employee Stock Option	$21.99	A	7985	Acquired	2023-10-01	Common Stock (7985)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	700	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option	$9.05	2019-10-01	Common Stock (508)	508	Direct
Employee Stock Grant	$15.47	2020-10-01	Common Stock (1690)	1690	Direct
Employee Stock Option	$15.47	2020-10-01	Common Stock (2706)	2706	Direct
Employee Stock Grant	$15.47	2020-10-01	Common Stock (2764)	2764	Direct
Employee Stock Grant	$31.11	2021-10-01	Common Stock (1793)	1793	Direct
Employee Stock Option	$31.11	2021-10-01	Common Stock (5950)	5950	Direct
Employee Stock Grant	$38.09	2022-10-01	Common Stock (2065)	2065	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: These options became fully vested on October 1, 2013.

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 October 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 October 1, 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.