AI assistant
LIQUIDITY SERVICES INC — Director's Dealing 2017
Dec 14, 2017
32353_dirs_2017-12-13_f0cbaf00-4bbf-4cab-96e3-a2af4e4ce418.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: LIQUIDITY SERVICES INC (LQDT)
CIK: 0001235468
Period of Report: 2017-12-11
Reporting Person: Shaffer Mark A (VP, Gen. Counsel & Secretary)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-12-11 | Employee Stock Option | $4.47 | A | 18240 | Acquired | 2027-10-01 | Common Stock (18240.0) | Direct |
| 2017-12-11 | Employee Stock Option | $4.47 | A | 12160 | Acquired | 2027-10-01 | Common Stock (12160.0) | Direct |
| 2017-12-11 | Employee Stock Grant | $4.47 | A | 1860 | Acquired | 2027-10-01 | Common Stock (1860.0) | Direct |
| 2017-12-11 | Employee Stock Grant | $4.47 | A | 1240 | Acquired | 2027-10-01 | Common Stock (1240.0) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 5678 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Grant | $9.35 | 2025-04-09 | Common Stock (795.0) | 795 | Direct |
| Employee Stock Grant | $4.57 | 2026-02-16 | Common Stock (3452.0) | 3452 | Direct |
| Employee Stock Grant | $5.8 | 2026-02-16 | Common Stock (1726.0) | 1726 | Direct |
| Employee Stock Grant | $8.15 | 2026-06-22 | Common Stock (11250.0) | 11250 | Direct |
| Employee Stock Grant | $8.3 | 2026-10-01 | Common Stock (8850.0) | 8850 | Direct |
| Employee Stock Grant | $8.3 | 2026-10-01 | Common Stock (8850.0) | 8850 | Direct |
| Employee Stock Option | $8.3 | 2026-10-01 | Common Stock (5250.0) | 5250 | Direct |
| Employee Stock Option | $8.3 | 2026-10-01 | Common Stock (5250.0) | 5250 | Direct |
Footnotes
F1: Twenty-five percent of this restricted stock grant vested on October 1, 2015 and thereafter 1/8 of the restricted stock grant will vest on April 1 and October 1 of each year for three years.
F2: Twenty-five percent of this restricted stock grant vested on October 1, 2016 and thereafter 1/4 of the restricted stock grant will vest on October 1 of each year for three years.
F3: These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
F4: Twenty-five percent of this restricted stock grant vested on July 1, 2017 and thereafter 1/4 of the restricted stock grant will vest on July 1 of each year for three years.
F5: 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.
F6: 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.
F7: This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
F8: 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.
F9: 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.