AI assistant
LIQUIDITY SERVICES INC — Director's Dealing 2017
Apr 5, 2017
32353_dirs_2017-04-05_daed0872-3bef-41b8-a7ba-014172796186.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: 2017-04-03
Reporting Person: Sweeney Michael E (VP & Chief Accounting Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-04-03 | Common Stock | J | 3500 | $7.61 | Acquired | 3500 | Direct |
| 2017-04-03 | Common Stock | S | 3500 | $7.61 | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-04-03 | Employee Stock Grant | $5.53 | J | 3500 | Disposed | 2026-04-01 | Common Stock (14000.0) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| 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: Represents the vesting of restricted stock.
F2: Represents reporting person's advance election to sell upon vesting such restricted shares.
F3: 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.
F4: 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.
F5: These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.
F6: 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.
F7: 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.
F8: This option becomes exercisable, if at all, based on the Issuer's achievment of certain financial milestones.