LIQUIDITY SERVICES INC — Director's Dealing 2017

Dec 14, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LIQUIDITY SERVICES INC (LQDT)
CIK: 0001235468
Period of Report: 2017-12-11

Reporting Person: Gravley Roger (Operating President, GovDeals)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-12-11	Employee Stock Option	$4.47	A	29760	Acquired	2027-10-01	Common Stock (29760.0)	Direct
2017-12-11	Employee Stock Grant	$4.47	A	3060	Acquired	2027-10-01	Common Stock (3060.0)	Direct
2017-12-11	Employee Stock Option	$4.47	A	19840	Acquired	2027-10-01	Common Stock (19840.0)	Direct
2017-12-11	Employee Stock Grant	$4.47	A	2040	Acquired	2027-10-01	Common Stock (2040.0)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option	$9.05	2019-10-01	Common Stock (1801.0)	1801	Direct
Employee Stock Grant	$15.47	2020-10-01	Common Stock (1106.0)	1106	Direct
Employee Stock Option	$15.47	2020-10-01	Common Stock (2292.0)	2292	Direct
Employee Stock Option	$31.37	2021-10-01	Common Stock (2857.0)	2857	Direct
Employee Stock Option	$21.99	2023-10-01	Common Stock (3519.0)	3519	Direct
Employee Stock Grant	$21.99	2023-11-27	Common Stock (499.0)	499	Direct
Employee Stock Option	$21.99	2023-11-27	Common Stock (3519.0)	3519	Direct
Employee Stock Option	$10.41	2024-10-01	Common Stock (7338.0)	7338	Direct
Employee Stock Grant	$10.41	2024-10-01	Common Stock (8145.0)	8145	Direct
Employee Stock Grant	$12.57	2024-10-27	Common Stock (6250.0)	6250	Direct
Employee Stock Option	$6.63	2025-10-01	Common Stock (11430.0)	11430	Direct
Employee Stock Grant	$6.63	2025-10-01	Common Stock (10425.0)	10425	Direct
Employee Stock Option	$5.11	2025-10-01	Common Stock (2858.0)	2858	Direct
Employee Stock Grant	$5.11	2025-10-01	Common Stock (5213.0)	5213	Direct
Employee Stock Grant	$8.3	2026-10-01	Common Stock (8250.0)	8250	Direct
Employee Stock Option	$8.3	2026-10-01	Common Stock (4900.0)	4900	Direct
Employee Stock Grant	$8.3	2026-10-01	Common Stock (8250.0)	8250	Direct
Employee Stock Option	$8.3	2026-10-01	Common Stock (4900.0)	4900	Direct

Footnotes

F1: These options became fully vested on October 1, 2013.

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

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

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

F5: These options became fully vested on October 1, 2017.

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

F7: 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.

F8: Twenty-five percent of this restricted stock grant vested on October 1, 2015 and thereafter 1/8th of the restricted stock grant will vest on April 1 and October 1 of each year for three years.

F9: 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.

F10: Twenty-five percent of this option grant vested on October 1, 2016 and thereafter 1/48th of the option grant will vest each month for thirty-six months.

F11: Twenty-five percent of this restricted stock grant vested 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: Twenty-five percent of this restricted stock grant will vest on April 1, 2018 and thereafter 1/4th of the restricted stock grant will vest on each of October 1, 2018, October 1, 2019, and October 1, 2020.

F13: 18/48th of this option grant will vest on April 1, 2018 and thereafter 1/48th of the option grant will vest each month for thirty months.

F14: 15/48th of this option grant will vest on January 1, 2019 and thereafter 1/48th of the option grant will vest each month for thirty three months.

F15: Twenty-five percent of this restricted stock grant will vest on January 1, 2019 and thereafter 1/4th of the restricted stock grant will vest on each October 1, 2019, October 1, 2020, and October 1, 2021.