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: DOMINO KATHRYN ANN (Chief Accounting Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-12-22	Employee Stock Grant	$6.63	A	11325	Acquired	2025-10-01	Common Stock (11325)	Direct
2015-12-22	Employee Stock Grant	$6.63	A	2831	Acquired	2025-10-01	Common Stock (2831)	Direct
2015-12-22	Employee Stock Option	$6.63	A	6208	Acquired	2025-10-01	Common Stock (6208)	Direct
2015-12-22	Employee Stock Option	$6.63	A	1552	Acquired	2025-10-01	Common Stock (1552)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	13637	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 (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 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 (506)	506	Direct
Employee Stock Grant	$21.99	2023-11-27	Common Stock (1750)	1750	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 (3000)	3000	Direct
Employee Stock Grant	$18.00	2024-04-17	Common Stock (4000)	4000	Direct
Employee Stock Grant	$9.35	2024-10-01	Common Stock (8684)	8684	Direct
Employee Stock Option	$9.35	2024-10-01	Common Stock (6752)	6752	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: These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.

F5: These options became fully vested on October 1, 2014.

F6: These options became fully vested on December 1, 2011.

F7: These options became fully vested on October 1, 2015.

F8: These options became fully vested on December 1, 2012.

F9: 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.

F10: 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.

F11: These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.

F12: 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.

F13: This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.

F14: Twenty-five percent of this restricted stock grant vested on April 1, 2015 and thereafter 1/4th of the restricted stock grant will vest on April 1 of each year for three years.

F15: These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.

F16: 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.

F17: 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.

F18: 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.

F19: These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.

F20: 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.

F21: This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.