LIQUIDITY SERVICES INC — Director's Dealing 2015

Mar 31, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LIQUIDITY SERVICES INC (LQDT)
CIK: 0001235468
Period of Report: 2015-03-04

Reporting Person: ELLIS GEORGE H (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-03-04	Employee Stock Option	$9.84	A	19050	Acquired	2025-02-01	Common Stock (19050)	Direct
2015-03-04	Restricted Stock Grant	$9.84	A	3862	Acquired	2025-02-01	Common Stock (3862)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8603	Direct
Common Stock	1160	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option	$42.31	2022-02-01	Common Stock (5328)	5328	Direct
Employee Stock Option	$40.11	2023-02-01	Common Stock (5954)	5954	Direct
Employee Stock Option	$21.53	2024-02-01	Common Stock (13144)	13144	Direct

Footnotes

F1: George H. Ellis Individual Retirement Account with Northern Trust Company as Trustee.

F2: These options became fully vested on February 1, 2013.

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

F4: These options became fully vested on February 1, 2015.

F5: These options have a one-year vesting period such that 100% of this option grant will vest on February 1, 2016.

F6: These restricted shares have a one-year vesting period such that 100% of this restricted share grant will vest on February 1, 2016.