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LIQUIDITY SERVICES INC — Director's Dealing 2017
Dec 14, 2017
32353_dirs_2017-12-13_1aca5090-4121-4cf4-b1e2-c6881db22fcf.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: LIQUIDITY SERVICES INC (LQDT)
CIK: 0001235468
Period of Report: 2017-12-11
Reporting Person: Sweeney Michael E (VP & Chief Accounting Officer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-12-11 | Employee Stock Option | $4.47 | A | 6000 | Acquired | 2027-10-01 | Common Stock (6000.0) | Direct |
| 2017-12-11 | Employee Stock Grant | $4.47 | A | 600 | Acquired | 2027-10-01 | Common Stock (600.0) | Direct |
| 2017-12-11 | Employee Stock Option | $4.47 | A | 4000 | Acquired | 2027-10-01 | Common Stock (4000.0) | Direct |
| 2017-12-11 | Employee Stock Grant | $4.47 | A | 400 | Acquired | 2027-10-01 | Common Stock (400.0) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Grant | $5.53 | 2026-04-01 | Common Stock (10500.0) | 10500 | Direct |
| Employee Stock Grant | $9.75 | 2026-12-22 | Common Stock (13400.0) | 13400 | Direct |
| Employee Stock Grant | $9.75 | 2026-12-22 | Common Stock (6600.0) | 6600 | Direct |
| Employee Stock Grant | $10.3 | 2026-12-20 | Common Stock (3950.0) | 3950 | Direct |
| Employee Stock Grant | $10.3 | 2026-12-20 | Common Stock (3950.0) | 3950 | Direct |
| Employee Stock Option | $10.3 | 2026-12-20 | Common Stock (2350.0) | 2350 | Direct |
| Employee Stock Option | $10.3 | 2026-12-20 | Common Stock (2350.0) | 2350 | Direct |
Footnotes
F1: Twenty-five percent of this restricted stock grant will vest on April 1, 2017 and thereafter 1/4 of the restricted stock grant will vest on April 1 of each year for three years.
F2: Twenty-five percent of this restricted stock grant will vest on January 1, 2018 and thereafter 1/4 of the restricted stock grant will vest on January 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 will vest on January 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.
F5: 15/48th of this option grant will vest on January 1, 2018 and then 1/48th of the option grant will vest each month for thirty-three months.
F6: This option becomes exercisable, if at all, based on the Issuer's achievment of certain financial milestones.
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.