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: Murray Novelette (Chief Human Resources Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-07	Employee Stock Option	$22.2	A	6190	Acquired	2031-12-07	Common Stock (6190.0)	Direct
2021-12-07	Employee Stock Option	$22.2	A	6190	Acquired	2031-12-07	Common Stock (6190.0)	Direct
2021-12-07	Employee Stock Grant	$	A	6980	Acquired	2026-01-01	Common Stock (6980.0)	Direct
2021-12-07	Employee Stock Grant	$	A	6980	Acquired	2026-01-01	Common Stock (6980.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	26144	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Grant	$	2024-01-01	Common Stock (1387.0)	1387	Direct
Employee Stock Option	$6.69	2029-12-03	Common Stock (4450.0)	4450	Direct
Employee Stock Option	$6.69	2029-12-03	Common Stock (4450.0)	4450	Direct
Employee Stock Grant	$	2023-01-01	Common Stock (1050.0)	1050	Direct
Employee Stock Option	$6.11	2028-12-04	Common Stock (12900.0)	12900	Direct
Employee Stock Option	$6.11	2028-12-04	Common Stock (12900.0)	12900	Direct
Employee Stock Grant	$	2020-09-30	Common Stock (1333.0)	1333	Direct
Employee Stock Option	$10.3	2026-12-20	Common Stock (1850.0)	1850	Direct
Employee Stock Option	$10.3	2026-12-20	Common Stock (1850.0)	1850	Direct
Employee Stock Grant	$	2020-10-01	Common Stock (554.0)	554	Direct
Employee Stock Grant	$	2024-10-01	Common Stock (15000.0)	15000	Direct
Employee Stock Option	$9.46	2030-12-01	Common Stock (32750.0)	32750	Direct
Employee Stock Option	$9.46	2030-12-01	Common Stock (32750.0)	32750	Direct
Employee Stock Grant	$	2025-01-01	Common Stock (5900.0)	5900	Direct
Employee Stock Grant	$	2025-01-01	Common Stock (5900.0)	5900	Direct

Footnotes

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

F2: 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.

F3: 12/48th of this option grant vested on January 1, 2021 and thereafter, an additional 1/48th vests each month for thirty-six months.

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: 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, 2020 and thereafter an additional 1/48th vests each month for thirty-six months.

F7: These restricted stock units vest, if at all, based on the completion of the Issuer's strategic transformation as well as the Issuer's achievement of certain financial milestones.

F8: These options become exercisable, if at all, based on the completion of the Issuer's strategic transformation as well as the Issuer's achievement of certain financial milestones.

F9: 15/48th of this option grant vested on January 1, 2018 and thereafter, an additional 1/48th vests each month for thirty-three months.

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

F11: Twenty-five percent of this restricted stock unit grant will vest on October 1, 2021 and thereafter, an additional 1/4th will vest on each of October 1, 2022, October 1, 2023, and October 1, 2024.

F12: 12/48th of this option grant will vest on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months.

F13: This option becomes exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.

F14: 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.

F15: These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.

F16: 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.

F17: 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.