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LIQUIDITY SERVICES INC — Director's Dealing 2021
Aug 2, 2021
32353_dirs_2021-08-02_640c5a45-0e02-4ec3-9151-7d3688a0b982.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: LIQUIDITY SERVICES INC (LQDT)
CIK: 0001235468
Period of Report: 2021-08-02
Reporting Person: CLOUGH PHILLIP A (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-08-02 | Common Stock | M | 14730 | $6.29 | Acquired | 87997 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-08-02 | Stock Option | $6.29 | M | 14730 | Disposed | 2026-02-01 | Common Stock (14730.0) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option | $42.31 | 2022-02-01 | Common Stock (5328.0) | 5328 | Direct |
| Stock Option | $40.11 | 2023-02-01 | Common Stock (5954.0) | 5954 | Direct |
| Stock Option | $21.53 | 2024-02-01 | Common Stock (13144.0) | 13144 | Direct |
| Stock Option | $9.84 | 2025-02-01 | Common Stock (19050.0) | 19050 | Direct |
| Stock Option | $9.75 | 2027-02-01 | Common Stock (3561.0) | 3561 | Direct |
| Stock Option | $6.5 | 2028-02-01 | Common Stock (15344.0) | 15344 | Direct |
| Stock Option | $8.5 | 2029-02-01 | Common Stock (11816.0) | 11816 | Direct |
| Stock Option | $5.32 | 2030-02-01 | Common Stock (6980.0) | 6980 | Direct |
| Restricted Stock Grant | $ | 2022-02-01 | Common Stock (3724.0) | 3724 | Direct |
| Stock Option | $21.48 | 2031-02-01 | Common Stock (1622.0) | 1622 | Direct |
Footnotes
F1: This transaction reflects an exercise of stock options granted to the reporting person as compensation pursuant to the issuer's Third Amended and Restated 2006 Omnibus Long-Term Incentive Plan and the Stock Option Agreement, dated February 1, 2016, by and between the issuer and the reporting person. As a result of this exercise of stock options, the reporting person acquired 14,730 shares of common stock directly from the issuer for a purchase price of $92,651.70. No shares were sold by the reporting person. This acquisition of 14,730 shares of common stock represents an exempt transaction under SEC Rule 16b-3.
F2: Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
F3: These restricted stock units vest on February 1, 2022.