LIQUIDITY SERVICES INC — Director's Dealing 2016

Feb 4, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LIQUIDITY SERVICES INC (LQDT)
CIK: 0001235468
Period of Report: 2016-02-01

Reporting Person: CLOUGH PHILLIP A (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-01	Employee Stock Option	$6.29	A	14730	Acquired	2026-02-01	Common Stock (14730)	Direct
2016-02-01	Restricted Stock Grant	$6.29	A	12082	Acquired	2026-02-01	Common Stock (12082)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	28035	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option	$11.66	2018-06-03	Common Stock (15082)	15082	Direct
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
Employee Stock Option	$9.84	2025-02-01	Common Stock (19050)	19050	Direct

Footnotes

F1: These options became fully vested on April 29, 2009.

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

F3: These options became fully vested on February 1, 2014.

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

F5: These options became fully vested on February 1, 2016.

F6: These options have a one-year vesting period such that 100% of this option grant will vest on February 1, 2017.

F7: These restricted shares have a one-year vesting period such that 100% of this restricted share grant will vest on February 1, 2017.