LIQUIDITY SERVICES INC — Director's Dealing 2020

May 14, 2020

SEC Form 4/A — Form 4/A

Issuer: LIQUIDITY SERVICES INC (LQDT)
CIK: 0001235468
Period of Report: 2020-02-03

Reporting Person: ELLIS GEORGE H (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-03	Common Stock	J	11176	—	Acquired	37694	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-03	Employee Stock Grant	$	J	11176	Disposed	2020-02-01	Common Stock (11176.0)	Direct
2020-02-03	Common Stock	$	A	18797	Acquired	2021-02-01	Common Stock (18797.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1160	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option	$42.31	2022-02-01	Common Stock (5328.0)	5328	Direct
Employee Stock Option	$40.11	2023-02-01	Common Stock (5954.0)	5954	Direct
Employee Stock Option	$21.53	2024-02-01	Common Stock (13144.0)	13144	Direct
Employee Stock Option	$9.84	2025-02-01	Common Stock (19050.0)	19050	Direct
Employee Stock Option	$6.29	2026-02-01	Common Stock (44192.0)	44192	Direct
Employee Stock Option	$9.75	2027-02-01	Common Stock (10684.0)	10684	Direct

Footnotes

F1: Represents the vesting of restricted stock.

F2: On May 13, 2020, a scrivener's error was discovered wherein the aggregate number of vested shares was added to the share balance reported from the 2/1/19 Form 4 instead of from the more recent Form 4 filed on 2/12/2019. There was no late filing or failure to report a transaction.

F3: George H. Ellis Individual Retirement Account with Northern Trust Company as Trustee.

F4: These options became fully vested on February 1, 2013.

F5: These options became fully vested on February 1, 2015.

F6: These options became fully vested on February 1, 2016.

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

F8: These options became fully vested on February 1, 2018.

F9: Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.

F10: These restricted shares have a one-year vesting period such that 100% of this restricted stock grant will vest on February 1, 2020.

F11: Each restricted stock unit represents the contingent right to receive one share of Common Stock upon vesting of the unit.

F12: These restricted shares have a one-year vesting period such that 100% of this restricted stock grant will vest on February 1, 2021.