LIQUIDITY SERVICES INC — Director's Dealing 2014

Jun 11, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LIQUIDITY SERVICES INC (LQDT)
CIK: 0001235468
Period of Report: 2014-05-22

Reporting Person: Rallo James M (CFO, Treasurer, President RSCG)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-22	Common Stock	J	637	$15.08	Acquired	14702	Indirect
2014-06-06	Common Stock	J	337	$15.13	Acquired	15039	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8000	Indirect
Common Stock	7885	Indirect
Common Stock	4625	Indirect
Common Stock	685	Indirect
Common Stock	460	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option	$7.48	2018-10-01	Common Stock (2338)	2338	Direct
Employee Stock Grant	$15.47	2020-10-01	Common Stock (4172)	4172	Direct
Employee Stock Option	$15.47	2020-10-01	Common Stock (6678)	6678	Direct
Employee Stock Grant	$15.47	2020-10-01	Common Stock (5526)	5526	Direct
Employee Stock Grant	$31.11	2021-10-01	Common Stock (3723)	3723	Direct
Employee Stock Option	$31.11	2021-10-01	Common Stock (12358)	12358	Direct
Employee Stock Grant	$38.09	2022-10-01	Common Stock (3753)	3753	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
Employee Stock Grant	$29.47	2023-07-18	Common Stock (12216)	12216	Direct
Employee Stock Grant	$29.47	2023-07-18	Common Stock (28503)	28503	Direct
Employee Stock Option	$29.47	2023-07-18	Common Stock (24871)	24871	Direct
Employee Stock Option	$29.47	2023-07-18	Common Stock (58031)	58031	Direct
Employee Stock Grant	$21.99	2023-10-01	Common Stock (4692)	4692	Direct
Employee Stock Grant	$21.99	2023-10-01	Common Stock (4691)	4691	Direct
Employee Stock Option	$21.99	2023-10-01	Common Stock (9938)	9938	Direct
Employee Stock Option	$21.99	2023-10-01	Common Stock (9938)	9938	Direct
Employee Stock Grant	$13.57	2024-05-14	Common Stock (44215)	44215	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 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 July 1, 2014 and thereafter 1/4th of the restricted stock grant will vest on July 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 July 18, 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.

F15: 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.

F16: These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.

F17: 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.

F18: This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.

F19: Fifty percent of this restricted stock grant will vest on November 1, 2015 and thereafter 1/4th of the restricted stock grant will vest on November 1 of each year for two years.

F20: Shares acquired through participation in Issuer's 401(k) Plan as the result of a corrective action by the trustee/administrator. This transaction is a non-discretionary transaction by the trustee/administrator of a tax qualified plan and is voluntarily reported on Form 4.

F21: Represents the approximate number of shares acquired (excluding fractionals) by the trustee/administrator of the Issuer's 401(k) Plan for the Reporting Person's benefit, based on a statement of the trustee/administrator.

F22: The price per share is based on a statement provided by the Issuer's 401(k) Plan trustee/administrator.

F23: The number of securities shown as being held in Issuer's 401(k) account for the Reporting Person's benefit is the approximate number of shares of common stock. De minimis fractional interests reported by the Issuer's 401(k) Plan trustee/administrator and held indirectly through the Plan's stock purchase account are not reflected.