LIQUIDITY SERVICES INC — Director's Dealing 2020

Dec 3, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LIQUIDITY SERVICES INC (LQDT)
CIK: 0001235468
Period of Report: 2020-12-01

Reporting Person: Weiskircher Steven (Chief Technology Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-01	Employee Stock Option	$9.46	A	48250	Acquired	2030-12-01	Common Stock (48250.0)	Direct
2020-12-01	Employee Stock Option	$9.46	A	48250	Acquired	2030-12-01	Common Stock (48250.0)	Direct
2020-12-01	Employee Stock Grant	$	A	8700	Acquired	2025-01-01	Common Stock (8700.0)	Direct
2020-12-01	Employee Stock Grant	$	A	8700	Acquired	2025-01-01	Common Stock (8700.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	18750	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option	$6.69	2029-12-03	Common Stock (32750.0)	32750	Direct
Employee Stock Option	$6.69	2029-12-03	Common Stock (32750.0)	32750	Direct
Employee Stock Grant	$	2024-01-01	Common Stock (13700.0)	13700	Direct
Employee Stock Grant	$	2024-01-01	Common Stock (13700.0)	13700	Direct
Employee Stock Grant	$	2023-09-30	Common Stock (75000.0)	75000	Direct
Employee Stock Grant	$	2023-09-01	Common Stock (56250.0)	56250	Direct

Footnotes

F1: This option becomes exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.

F2: 12/48th of this option grant will vest on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months.

F3: Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.

F4: These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.

F5: 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.

F6: This option becomes 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.

F7: 12/48th of this option grant will vest on January 1, 2021 and, thereafter, 1/48th of the option grant will vest each month for thirty-six months.

F8: 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.

F9: Twenty-five percent of this restricted stock grant will vest on January 1, 2021 and thereafter 1/4th of the restricted stock grant will vest on each of January 1, 2022, January 1, 2023 and January 1, 2024.

F10: Twenty-five percent of this restricted stock grant will vest on September 1, 2020 and thereafter 1/4 of the restricted stock grant will vest on September 1 of each year for three years.