LIQUIDITY SERVICES INC - Director's Dealing 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LIQUIDITY SERVICES INC (LQDT)
CIK: 0001235468
Period of Report: 2017-02-01

Reporting Person: ELLIS GEORGE H (Director)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-01	Common Stock	J	6041	$9.75	Acquired	18506	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-01	Restricted Stock Grant	$6.29	J	6041	Disposed	2026-02-01	Common Stock (6041)	Direct
2017-02-01	Employee Stock Option	$9.75	A	10684	Acquired	2027-02-01	Common Stock (10684)	Direct
2017-02-01	Restricted Stock Grant	$9.75	A	3897	Acquired	2027-02-01	Common Stock (3897)	Direct

Security	Shares	Ownership
Common Stock	1160	Indirect

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option	$42.31	2022-02-01	Common Stock (5328)	5328	Direct
Employee Stock Option	$40.11	2023-02-01	Common Stock (5954)	5954	Direct
Employee Stock Option	$21.53	2024-02-01	Common Stock (13144)	13144	Direct
Employee Stock Option	$9.84	2025-02-01	Common Stock (19050)	19050	Direct
Employee Stock Option	$6.29	2026-02-01	Common Stock (44192)	44192	Direct

F1: George H. Ellis Individual Retirement Account with Northern Trust Company as Trustee.

F2: These options became fully vested on February 1, 2013.

F3: These options became fully vested on February 1, 2013.

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

F5: These options became fully vested on February 1, 2016.

F6: These options became fully vested on February 1, 2017.

F7: These restricted shares became fully vested on February 1, 2017.

F8: These options have a one-year vesting period such that 100% of this option grant will vest on February 1, 2018.

F9: These restricted shares have a one-year vesting period such that 100% of this restricted share grant will vest on February 1, 2018.

F10: Represents the vesting of restricted stock