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: Angrick William P III (Director, Chairman of the Board and CEO, 10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-12-22	Employee Stock Grant	$6.63	A	146730	Acquired	2025-10-01	Common Stock (146730)	Direct
2015-12-22	Employee Stock Grant	$6.63	A	36682	Acquired	2025-10-01	Common Stock (36682)	Direct
2015-12-22	Employee Stock Option	$6.63	A	83178	Acquired	2025-10-01	Common Stock (83178)	Direct
2015-12-22	Employee Stock Option	$6.63	A	20794	Acquired	2025-10-01	Common Stock (20794)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3655842	Indirect
Common Stock	873379	Indirect
Common Stock	575513	Indirect
Common Stock	114699	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Grant	$10.41	2024-10-01	Common Stock (36999)	36999	Direct
Employee Stock Grant	$10.41	2024-10-01	Common Stock (49332)	49332	Direct
Employee Stock Option	$11.45	2024-10-01	Common Stock (29980)	29980	Direct
Employee Stock Option	$11.45	2024-10-01	Common Stock (29980)	29980	Direct
Employee Stock Grant	$21.99	2023-10-01	Common Stock (11359)	11359	Direct
Employee Stock Grant	$21.99	2023-10-01	Common Stock (22716)	22716	Direct
Employee Stock Option	$24.19	2023-10-01	Common Stock (48122)	48122	Direct
Employee Stock Option	$24.19	2023-10-01	Common Stock (48121)	48121	Direct
Employee Stock Grant	$46.72	2022-10-01	Common Stock (2120)	2120	Direct
Employee Stock Option	$46.72	2022-10-01	Common Stock (14695)	14695	Direct
Employee Stock Option	$37.72	2021-10-01	Common Stock (32139)	32139	Direct
Employee Stock Option	$17.02	2020-10-01	Common Stock (8641)	8641	Direct
Employee Stock Grant	$17.02	2020-10-01	Common Stock (11053)	11053	Direct
Employee Stock Option	$9.96	2019-10-01	Common Stock (4568)	4568	Direct

Footnotes

F1: These shares are held in a trust for the benefit of the reporting person. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of the securities for the purposes of Section 16 or for any other purpose.

F2: These shares are held in a trust for the benefit of the reporting person's spouse, who is also trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of the securities for the purposes of Section 16 or for any other purpose.

F3: 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.

F4: These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.

F5: 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.

F6: This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.

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 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.

F15: 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.

F16: 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.

F17: These options became fully vested on October 1, 2015.

F18: These options became fully vested on October 1, 2014.

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

F20: These options became fully vested on October 1, 2013.