AI assistant
LIQUIDITY SERVICES INC — Director's Dealing 2020
Dec 3, 2020
32353_dirs_2020-12-03_896be3e7-1bc7-469e-876e-3a0db09b5269.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: 2020-12-01
Reporting Person: Daunt John (Chief Commercial Officer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-12-01 | Employee Stock Option | $9.46 | A | 61200 | Acquired | 2030-12-01 | Common Stock (61200.0) | Direct |
| 2020-12-01 | Employee Stock Option | $9.46 | A | 61200 | Acquired | 2030-12-01 | Common Stock (61200.0) | Direct |
| 2020-12-01 | Employee Stock Grant | $ | A | 11050 | Acquired | 2025-01-01 | Common Stock (11050.0) | Direct |
| 2020-12-01 | Employee Stock Grant | $ | A | 11050 | Acquired | 2025-01-01 | Common Stock (11050.0) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 58692 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option | $8.17 | 2025-10-27 | Common Stock (2500.0) | 2500 | Direct |
| Employee Stock Option | $6.63 | 2025-10-01 | Common Stock (3756.0) | 3756 | Direct |
| Employee Stock Option | $6.63 | 2026-03-24 | Common Stock (1252.0) | 1252 | Direct |
| Employee Stock Option | $10.3 | 2020-10-01 | Common Stock (2300.0) | 2300 | Direct |
| Employee Stock Option | $10.3 | 2026-12-20 | Common Stock (2300.0) | 2300 | Direct |
| Employee Stock Grant | $ | 2027-10-01 | Common Stock (3465.0) | 3465 | Direct |
| Employee Stock Grant | $ | 2028-10-01 | Common Stock (4834.0) | 4834 | Direct |
| Employee Stock Grant | $ | 2021-10-01 | Common Stock (2014.0) | 2014 | Direct |
| Employee Stock Grant | $ | 2028-12-04 | Common Stock (3350.0) | 3350 | Direct |
| Employee Stock Grant | $ | 2022-10-01 | Common Stock (2512.0) | 2512 | Direct |
| Employee Stock Option | $6.11 | 2028-12-04 | Common Stock (20000.0) | 20000 | Direct |
| Employee Stock Option | $6.11 | 2022-10-01 | Common Stock (20000.0) | 20000 | Direct |
| Employee Stock Grant | $ | 2024-01-01 | Common Stock (16300.0) | 16300 | Direct |
| Employee Stock Grant | $ | 2024-01-01 | Common Stock (16300.0) | 16300 | Direct |
| Employee Stock Option | $6.58 | 2029-04-30 | Common Stock (20000.0) | 20000 | Direct |
| Employee Stock Grant | $ | 2023-04-30 | Common Stock (15000.0) | 15000 | Direct |
| Employee Stock Option | $6.58 | 2029-05-01 | Common Stock (20000.0) | 20000 | Direct |
| Employee Stock Grant | $ | 2023-05-01 | Common Stock (15000.0) | 11250 | Direct |
| Employee Stock Option | $6.69 | 2029-12-03 | Common Stock (38950.0) | 38950 | Direct |
| Employee Stock Option | $6.69 | 2029-12-03 | Common Stock (38950.0) | 38950 | Direct |
| Employee Stock Grant | $ | 2025-01-01 | Common Stock (30000.0) | 30000 | Direct |
Footnotes
F1: These options become exercisable, if at all, based on the issuer's achievement of certain financial milestones.
F2: These options became fully exercisable on October 1, 2019.
F3: These options became fully exercisable on October 1, 2020.
F4: These options become exercisable, if at all, based on total shareholder return (TSR) milestones. TSR is calculated based on the change in a the issuer's stock price during the performance period, taking into account any dividends paid during that period, which are assumed to be reinvested in the stock.
F5: Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
F6: These restricted stock units vest, if at all, based on total shareholder return (TSR) milestones. TSR is calculated based on the change in a the issuer's stock price during the performance period, taking into account any dividends paid during that period, which are assumed to be reinvested in the stock.
F7: Twenty-five percent of this restricted stock unit grant vested on April 1, 2019 and thereafter, an additional 1/4th vests on each of July 1, 2019, October 1, 2020, and October 1, 2021.
F8: Twenty-five percent of this restricted stock unit grant vested on January 1, 2020 and thereafter, an additional 1/4th vests on each of January 1, 2020, January 1, 2021, and January 1, 2022.
F9: 15/48th of this option grant vested on January 1, 2020 and thereafter, an additional 1/48th vests each month for thirty-three months.
F10: Twenty-five percent of this restricted stock unit grant will vest on January 1, 2021 and thereafter, an additional 1/4th will vest on each of January 1, 2022, January 1, 2023 and January 1, 2024.
F11: Twenty-five percent of this restricted stock unit grant vested on May 1, 2020 and thereafter, an additional 1/4th vests on each of May 1, 2021, May 1, 2022 and May 1, 2023.
F12: 12/48th of this option grant vested on May 1, 2020 and thereafter, an additional 1/4th will vest on each of May 1, 2021, May 1, 2022 and May 1, 2023.
F13: 12/48th of this option grant will vest on January 1, 2021 and thereafter, an additional 1/48th will vest each month for thirty-six months.
F14: These restricted stock units vest, if at all, based on certain commercial contribution margin milestones of the issuer.
F15: 12/48th of this option grant will vest on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months.
F16: This option becomes exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F17: These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F18: Twenty-five percent of this restricted stock unit grant will vest on January 1, 2022 and thereafter, an additional 1/4th will vest on each of January 1, 2023, January 1, 2024 and January 1, 2025.