LIQUIDITY SERVICES INC — Director's Dealing 2016

Jan 8, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LIQUIDITY SERVICES INC (LQDT)
CIK: 0001235468
Period of Report: 2015-12-22

Reporting Person: Casusol Segundo Leoncio (Chief Information Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-12-22	Employee Stock Grant	$6.63	A	33789	Acquired	2025-10-01	Common Stock (33789)	Direct
2015-12-22	Employee Stock Grant	$6.63	A	8447	Acquired	2025-10-01	Common Stock (8447)	Direct
2015-12-22	Employee Stock Option	$6.63	A	18522	Acquired	2025-10-01	Common Stock (18522)	Direct
2015-12-22	Employee Stock Option	$6.63	A	4630	Acquired	2025-10-01	Common Stock (4630)	Direct
2015-12-22	Employee Stock Grant	$6.63	A	26395	Acquired	2025-10-01	Common Stock (26395)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	32988	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Grant	$21.99	2023-10-01	Common Stock (1865)	1865	Direct
Employee Stock Grant	$21.99	2023-10-01	Common Stock (3729)	3729	Direct
Employee Stock Option	$21.99	2023-10-01	Common Stock (7900)	7900	Direct
Employee Stock Option	$21.99	2023-10-01	Common Stock (7899)	7899	Direct
Employee Stock Grant	$41.19	2023-01-01	Common Stock (24557)	24557	Direct
Employee Stock Grant	$13.57	2024-05-14	Common Stock (55269)	55269	Direct
Employee Stock Grant	$10.41	2024-10-01	Common Stock (42958)	42958	Direct
Employee Stock Grant	$10.41	2024-10-01	Common Stock (14319)	14319	Direct
Employee Stock Option	$10.41	2024-10-01	Common Stock (10077)	10077	Direct
Employee Stock Option	$10.41	2024-10-01	Common Stock (2519)	2519	Direct

Footnotes

F1: 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.

F2: These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.

F3: 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.

F4: This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.

F5: Twenty-five percent of this restricted stock grant vested on January 1, 2014 and thereafter 1/4th of the restricted stock grant will vest on January 1 of each year for three years.

F6: Fifty percent of this restricted stock grant vested on November 1, 2015 and thereafter 1/4th of the restricted stock grant will vest on November 1 of each year for two years.

F7: Twenty-five percent of this restricted stock grant vested on October 1, 2015 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, 2015 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 October 1, 2016 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 will vest on October 1, 2016 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: These restricted shares will vest, if at all, based on the Issuer's achievement of certain milestones with respect to the Liquidity One Transformation plan.