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LIQUIDITY SERVICES INC — Director's Dealing 2015
Jan 30, 2015
32353_dirs_2015-01-29_809f6aee-cf7b-4252-8f77-171943c0f874.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: LIQUIDITY SERVICES INC (LQDT)
CIK: 0001235468
Period of Report: 2015-01-15
Reporting Person: Williams James Edwin (VP, Gen. Counsel & Secretary)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-01-15 | Employee Stock Grant | $38.09 | J | 2753 | Disposed | 2022-10-01 | Common Stock (2753) | Direct |
| 2015-01-15 | Employee Stock Option | $38.09 | J | 1835 | Disposed | 2022-10-01 | Common Stock (1835) | 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 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 (897) | 897 | Direct |
| Employee Stock Option | $31.11 | 2021-10-01 | Common Stock (5950) | 5950 | Direct |
| Employee Stock Grant | $38.09 | 2022-10-01 | Common Stock (1377) | 1377 | Direct |
| Employee Stock Option | $38.09 | 2022-10-01 | Common Stock (1835) | 1835 | Direct |
| Employee Stock Grant | $21.99 | 2023-10-01 | Common Stock (2828) | 2828 | Direct |
| Employee Stock Grant | $21.99 | 2023-10-01 | Common Stock (3769) | 3769 | Direct |
| Employee Stock Option | $21.99 | 2023-10-01 | Common Stock (7985) | 7985 | Direct |
| Employee Stock Option | $21.99 | 2023-10-01 | Common Stock (7985) | 7985 | Direct |
Footnotes
F1: These options became fully vested on October 1, 2013.
F2: These options became fully vested on October 1, 2014.
F3: These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
F4: 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.
F5: 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.
F6: 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.
F7: On January 15, 2015, the reporting person surrendered this equity grant for cancellation by the Issuer.
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 vested 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 vested 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.