LIQUIDITY SERVICES INC — Director's Dealing 2017

Mar 8, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LIQUIDITY SERVICES INC (LQDT)
CIK: 0001235468
Period of Report: 2017-03-03

Reporting Person: Dudley Gardner H (Pres, Capital Assets Group)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-03-03	Employee Stock Grant	$8.3	A	8150	Acquired	2026-10-01	Common Stock (8150.0)	Direct
2017-03-03	Employee Stock Grant	$8.3	A	8150	Acquired	2026-10-01	Common Stock (8150.0)	Direct
2017-03-03	Employee Stock Option	$8.3	A	4850	Acquired	2026-10-01	Common Stock (4850.0)	Direct
2017-03-03	Employee Stock Option	$8.3	A	4850	Acquired	2026-10-01	Common Stock (4850.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	24098	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option	$13.35	2020-06-16	Common Stock (3188.0)	3188	Direct
Employee Stock Grant	$15.47	2020-11-30	Common Stock (2211.0)	2211	Direct
Employee Stock Grant	$21.99	2023-11-27	Common Stock (416.0)	416	Direct
Employee Stock Grant	$21.99	2023-11-27	Common Stock (1661.0)	1661	Direct
Employee Stock Option	$21.99	2023-11-27	Common Stock (3519.0)	3519	Direct
Employee Stock Option	$21.99	2023-11-27	Common Stock (3519.0)	3519	Direct
Employee Stock Grant	$13.57	2024-05-14	Common Stock (5527.0)	5527	Direct
Employee Stock Grant	$12.57	2024-10-27	Common Stock (12500.0)	12500	Direct
Employee Stock Grant	$10.41	2024-10-01	Common Stock (24291.0)	24291	Direct
Employee Stock Option	$10.41	2024-10-01	Common Stock (7338.0)	7338	Direct
Employee Stock Grant	$6.63	2025-10-01	Common Stock (15386.0)	15386	Direct
Employee Stock Grant	$5.11	2025-10-01	Common Stock (5129.0)	5129	Direct
Employee Stock Option	$6.63	2025-10-01	Common Stock (11245.0)	11245	Direct
Employee Stock Option	$6.63	2025-10-01	Common Stock (2811.0)	2811	Direct

Footnotes

F1: These options became fully vested on June 1, 2014.

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

F3: 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.

F4: 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.

F5: This option becomes exercisable, if at all, based on the Issuer's achievement of certain financial milestones.

F6: Fifty percent of this restricted stock grant vested on November 1, 2015 and thereafter 1/4th of the restricted stock grant will vest on November 1 of each year for two years.

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: 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 option grant vested on October 1, 2015 and thereafter 1/48th of the option grant will vest each month for thirty-six months.

F10: 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.

F11: 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.

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.