LIQUIDITY SERVICES INC — Director's Dealing 2014

May 19, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LIQUIDITY SERVICES INC (LQDT)
CIK: 0001235468
Period of Report: 2014-05-15

Reporting Person: DOMINO KATHRYN ANN (Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-15	Common Stock	P	7330	$13.51	Acquired	9490	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option	$13.48	2017-10-05	Common Stock (4757)	4757	Direct
Employee Stock Option	$7.48	2018-12-29	Common Stock (5417)	5417	Direct
Employee Stock Option	$9.05	2019-12-01	Common Stock (5626)	5626	Direct
Employee Stock Grant	$15.47	2020-11-30	Common Stock (1000)	1000	Direct
Employee Stock Grant	$15.47	2020-11-30	Common Stock (2765)	2765	Direct
Employee Stock Grant	$15.47	2020-11-30	Common Stock (3802)	3802	Direct
Employee Stock Option	$15.47	2020-11-30	Common Stock (1198)	1198	Direct
Employee Stock Grant	$31.37	2021-10-01	Common Stock (1533)	1533	Direct
Employee Stock Option	$31.37	2021-11-22	Common Stock (4560)	4560	Direct
Employee Stock Option	$31.37	2021-11-22	Common Stock (750)	750	Direct
Employee Stock Grant	$38.09	2022-11-16	Common Stock (1518)	1518	Direct
Employee Stock Grant	$38.09	2022-11-16	Common Stock (2024)	2024	Direct
Employee Stock Grant	$21.99	2023-11-27	Common Stock (3500)	3500	Direct
Employee Stock Grant	$21.99	2023-11-27	Common Stock (3500)	3500	Direct
Employee Stock Option	$21.99	2023-11-27	Common Stock (3519)	3519	Direct
Employee Stock Option	$21.99	2023-11-27	Common Stock (3519)	3519	Direct
Employee Stock Grant	$18.00	2024-04-17	Common Stock (4000)	4000	Direct
Employee Stock Grant	$18.00	2024-04-17	Common Stock (4000)	4000	Direct

Footnotes

F1: These options became fully vested on October 1, 2011.

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

F3: These options became fully vested on October 1, 2013.

F4: 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.

F5: These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.

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 options became fully vested on December 1, 2011.

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: These options became fully vested on December 1, 2012.

F11: 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.

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 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.

F14: These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.

F15: 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.

F16: This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.

F17: Twenty-five percent of this restricted stock grant will vest on April 1, 2015 and thereafter 1/4th of the restricted stock grant will vest on April 1 of each year for three years.

F18: These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.