LIQUIDITY SERVICES INC — Director's Dealing 2021

Dec 10, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LIQUIDITY SERVICES INC (LQDT)
CIK: 0001235468
Period of Report: 2021-12-07

Reporting Person: Shaffer Mark A (Chief Legal Officer & Corp Sec)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-07	Employee Stock Option	$22.2	A	7740	Acquired	2031-12-07	Common Stock (7740.0)	Direct
2021-12-07	Employee Stock Option	$22.2	A	7740	Acquired	2031-12-07	Common Stock (7740.0)	Direct
2021-12-07	Employee Stock Grant	$	A	8720	Acquired	2026-01-01	Common Stock (8720.0)	Direct
2021-12-07	Employee Stock Grant	$	A	8720	Acquired	2026-01-01	Common Stock (8720.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	30406	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Grant	$	2020-09-30	Common Stock (3806.0)	3806	Direct
Employee Stock Option	$4.47	2027-12-11	Common Stock (2280.0)	2280	Direct
Employee Stock Option	$6.11	2028-12-04	Common Stock (12979.0)	12979	Direct
Employee Stock Grant	$	2023-01-01	Common Stock (2525.0)	2525	Direct
Employee Stock Option	$6.69	2029-12-03	Common Stock (19467.0)	19467	Direct
Employee Stock Grant	$	2024-01-01	Common Stock (9187.0)	9187	Direct
Employee Stock Option	$9.46	2030-12-01	Common Stock (42400.0)	42400	Direct
Employee Stock Option	$9.46	2030-12-01	Common Stock (42400.0)	42400	Direct
Employee Stock Grant	$	2025-01-01	Common Stock (7650.0)	7650	Direct
Employee Stock Grant	$	2025-01-01	Common Stock (7650.0)	7650	Direct

Footnotes

F1: Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.

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

F3: 15/48th of this option grant vested on January 1, 2019 and thereafter, an additional 1/48th vests each month for thirty-three months.

F4: 15/48th of this option grant vested on January 1, 2020 and thereafter, an additional 1/48th vests each month for thirty-three months.

F5: 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, 2021, January 1, 2022, and January 1, 2023.

F6: 12/48th of this option grant vested on January 1, 2021 and thereafter, an additional 1/48th vests each month for thirty-six months.

F7: Twenty-five percent of this restricted stock unit grant vested on January 1, 2021 and thereafter, an additional 1/4th vests on each of January 1, 2022, January 1, 2023 and January 1, 2024.

F8: 12/48th of this option grant will vest on January 1, 2022 and thereafter, an additional 1/48th will vest each month for thirty-six months.

F9: These options become exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.

F10: These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.

F11: 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.

F12: 12/48th of this option grant will vest on January 1, 2023 and thereafter, an additional 1/48th will vest each month for thirty-six months.

F13: Twenty-five percent of this restricted stock unit grant will vest on January 1, 2023 and thereafter, an additional 1/4th will vest on each of January 1, 2024, January 1, 2025 and January 1, 2026.